International Internet Magazine. Baltic States news & analytics
Saturday, 03.12.2016, 21:42
Latvia’s Grindex pharmaceutical company plans to invest up to EUR 4 mln in development next year, the company reported to Nasdaq Riga stock exchange.
Keyword tags: Baltic Export, Financial Services, Good for Business, Industry, Latvia, Markets and Companies, Medicine
According to Statistics Estonia, in October 2016, the production of industrial enterprises increased 5% compared to October of the previous year. Production increased in manufacturing and the energy sector, but decreased in mining and quarrying.
Companies will focus on IoT solutions for smart city and industrial/manufacturing customers, with initial offerings planned for early 2017. Partnership strengthens portfolios of both companies and go-to-market capabilities in market forecast to reach 161 billion USD by 2020. Current partnership includes deals with more than 25 service provider and enterprise customers.
The industrial confidence indicator in Estonia was -6 points in November, which marks a decline of 8 points from October and an improvement of 4 points compared with November 2015, the Estonian Institute of Economic Research said LETA/BNS.
Latvia’s Dobeles Dzirnavnieks grain processing company in the future plans to increase exports to Scandinavia, the company’s board chairman Kristaps Amsils told LETA.
Data compiled by the Central Statistical Bureau (CSB) show that, compared to September, in October 2016 the level of producer prices in Latvian industry decreased by 0.4%. Prices of products sold on the domestic market dropped by 0.8 %, whereas the prices of exported products decreased by 0.1%. The level of producer prices of exports to euro area countries dropped by 0.5%, while the level of prices of exports to non-euro area.
Latvia’s Dobeles Dzirnavnieks grain processing company plans to return the investments made in the new cereal plant in 5-7 years, the company’s board chairman Kristaps Amsils told BC.