Agriculture

International Internet Magazine. Baltic States news & analytics Friday, 22.08.2014, 00:59

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Russia reveals huge cost of Western food ban

Russia reveals huge cost of Western food ban

21.08.2014

Russian Agriculture Minister Nikolai Fyodorov warned Wednesday that Moscow must spend billions of dollars in the coming years subsidizing farmers in order to avoid a shortage caused by its ban on most Western food, reports AFP/LETA.

Keyword tags: Agriculture, Baltic States – CIS, EU – Baltic States, Financial Services, Legislation, Markets and Companies



Lithuanian producers may lose EUR 145 mln because of Russian embargo

Lithuanian producers may lose EUR 145 mln because of Russian embargo

21.08.2014

According to the calculations of Lithuanian Agriculture Minister Virginija Baltraitiene, losses of Lithuanian dairy and meat producers may possibly amount to LTL 500 million (EUR 145 million), because of food product embargo imposed by Russia, reports LETA/ELTA.

Lithuania considering to partially compensate dairy, meat producers for losses

Lithuania considering to partially compensate dairy, meat producers for losses

20.08.2014

The Government of Lithuania will consider to partially compensate dairy and meat producers for losses, informs LETA/ELTA.


Free mandatory registration of pigs announced in Lithuania

Free mandatory registration of pigs announced in Lithuania

20.08.2014

A mandatory requirement has been announced in Lithuania to register all pigs by 15 September, 2014. Registration will be free of charge, reports LETA/ELTA.

DNB banka issues EUR 10 mln loan for Latraps development

DNB banka issues EUR 10 mln loan for Latraps development

20.08.2014

The cooperative society of agricultural services Latraps has come up with new development plans. In order for them to see fruition, DNB banka has issued a EUR 10 million loan to Latraps, DNB banka spokeswoman Teika Lapsa informed the business portal Nozare.lv, cites LETA.

20.08.2014

Latvian dairy producers could receive EUR 13 mln by end-2014

Because of Russia's embargo on import of dairy products, Latvian dairy farms and companies could receive aid in the amount of EUR 13 million already this September or October, Agriculture Minister Janis Duklavs (Greens and Farmers' Union) said during the Latvian Agricultural Organizations' Cooperation Council meeting today, informs LETA/Nozare.lv.

20.08.2014

Latvian government has earmarked certain amounts to help farmers

Certain amounts have been earmarked in the state budget that could be used to aid the agriculture sector following Russia's food embargo, however, it is too early to mention any amounts, Prime Minister Laimdota Straujuma (Unity) said in an interview with the LNT show "900 sekundes" this morning, informs LETA.

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