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Saturday, 28.11.2015, 18:37
Lithuania's agricultural investment company Linas Agro Group saw its consolidated net profit soar by 55% in the first quarter of its 2015-2016 financial year, to 3.464 million euros, from 2.235 million euros a year ago, reports LETA/BNS.
Keyword tags: Agriculture, EU – Baltic States, Good for Business, Lithuania, Markets and Companies
Agrowill Group, one of Lithuania's largest agricultural investment groups, on Friday paid 1.56 million euros to its creditors, thus completing its restructuring process launched in 2011, cites LETA/BNS.
Commission’s proposal on a new food regulation will improve conditions for businesses in new and innovative food in EU market, while maintaining high level of food safety. It will offer European consumers a broader choice of food with better conditions for Europe's agro-food industry, which is the second largest employment sector in Europe.
The Estonian beverages maker Linda Nektar listed on Nasdaq Baltic First North Market has received 167,000 euros in support from the Agricultural Registers and Information Board (PRIA), which will reduce the ultimate cost of the company's investment program for the current year, informs LETA/BNS.
European Commission approved 33 new programmes to promote agriculture. These programmes worth €108 million over 3 years (EU’s share is €54 million) will contribute to opening new markets for EU ago-products and to increasing agro-consumption in the EU.
The South Estonian agricultural company Tartu Agro plans to completely exit pig farming by January 2016 at the latest as the price of pork in Europe is low and there is no demand on the domestic market, informs LETA/BNS.
The Estonian Ministry of Rural Affairs has okayed conditions of procurement of meat for a second batch of canned pork to be purchased for the national food stockpile; as a result of a tender, Atria Eesti could supply the necessary pigmeat, reports LETA/BNS.