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Thursday, 26.05.2016, 11:47
Latvian textile company Lauma Fabrics has acquired 50% of shares in Tele Textile Latvia, which makes geotextile, informs LETA.
Keyword tags: Agriculture, Latvia, Legislation, Markets and Companies, Mergers and take-overs, Textile
Estonian food industry enterprises produced 1.42 billion euros worth of produce in 2015, which is 4.8% less than the previous year, informs LETA/BNS.
To offset the losses dairy farmers are suffering from the protracted crisis in the dairy industry and prevent looming bankruptcies, the government of Latvia on May 24th approved a EUR 6.197 million extraordinary allocation to registered dairy farmers, reports LETA.
According to Statistics Estonia, in 2015, the total amount of commercial fish and crayfish sold by aquaculture enterprises was 795 tonnes, with a total value of 3.3 million euros. Compared to 2014, the amount of fish and crayfish production sold has decreased 8% and the monetary value of production – 3%.
Latvian poultry farm Putnu Fabrika Kekava (Kekava) plans to raise exports by at least 10% annually, CEO Andrius Prankevicius said LETA.
Due to the continuing crisis in the dairy farming sector, decreasing milk prices and overproduction in Latvia, all of which has caused concerns about a wave of bankruptcies, EUR 6 million will be allotted from the state budget in the near future to help dairy farmers survive the crisis.
Even though there had been no new African swine fever (ASF) cases registered among domestic pigs during last fall and winter 2016 in Latvia, the virus is still active among wild boars. In 2016, 411 new cases of ASF among wild boars have been registered which is three times more than in the respective period last year, informs LETA.