International Internet Magazine. Baltic States news & analytics
Saturday, 22.10.2016, 11:45
According to the information from the Central Statistical Bureau, the turnover of Latvian external trade of goods in August 2016 increased by 8.5% month-on-month, with the goods export and import growing respectively by 9.9% and 7.4%. Compared to August 2015, the export value of goods increased by 9.7% and import value dropped by 0.7%.
Keyword tags: Analytics, Direct Speech, Export, Financial Services, Industry, Investments, Latvia, Markets and Companies
During the first eight months of this year, Latvian exports fell at the fourth fastest rate among EU member states against January-August 2015, according to the latest Eurostat data, writes LETA.
Despite a decline in exports to Russia, the country remains Lithuania's key export partner amid falling exports to other markets, SEB Bankas' economist Gitanas Nauseda said LETA/BNS on Friday.
Orkla Confectionery & Snacks Latvija has invested EUR 1.6 mln Laima sweets maker’s new candy production equipment, increasing production capacity for the local and export markets, the company’s spokeswoman Lineta Miksa told LETA.
According to Statistics Estonia, in August 2016, the producer price index of industrial output changed by 0.2% compared to July 2016 and by -1.3% compared to August 2015.
Lithuania recorded a current account deficit of 417.3 mln euros for the first half of this year, which accounted for 2.3 % of GDP for the period, the central bank said.
The Sillamae, Estonia based rare-earth metals producer Molycorp Silmet AS, a holding of Neo Performance Materials, has been renamed NPM Silmet AS, informs LETA/BNS.