International Internet Magazine. Baltic States news & analytics
Wednesday, 24.08.2016, 00:03
Russia's import ban on pork products from the European Union is not legitimate, the World Trade Organization (WTO) decided on Friday, reports LETA.
Keyword tags: Agriculture, Baltic States – CIS, Export, Foodstuff, Russia
In the last fiscal year, which lasted from July 1, 2015 to June 30, 2016, Latvian telecommunication equipment developer and producer SAF Tehnika generated EUR 13.707 million in preliminary consolidated turnover, up 6.6 percent year-on-year, while the group's profit contracted 27.6 percent to EUR 925,900, according to the company's interim report to Nasdaq Riga.
Litana, Lithuania's group of metal structure design and construction, is expanding its operations in Sweden and intends to launch production of stainless steel, according to Verslo Zinios daily informations reports LETA/BNS.
Provisional data of the Central Statistical Bureau (CSB) show that, as compared to May, in June 2016 Latvian foreign trade turnover at current prices decreased by 2.4%, as the exports value of goods declined by 3.1 % and the imports value dropped by 1.8%.
The total grain harvest this year is expected to reach 2.544 mln tons - which will be certainly a very good harvest, yet not as large as last year's record 3.002 mln tons, as the Agriculture Ministry's Market and Direct Support Department told LETA.
During the first five months of this year Latvia exported EUR 894.52 mln worth of forestry industry products, up 5% from the respective period in 2015, the Latvian Agriculture Ministry said, cites LETA.
Estonian fish processing company M.V.Wool AS is to export 200 tons of salmon worth around 2.3 million euros to Japan in the second half of 2016, informs LETA/BNS.