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Friday, 06.05.2016, 06:32
Data compiled by the Central Statistical Bureau (CSB) show that, compared to March 2015, in March 2016 industrial production output grew by 2.7% (according to calendar adjusted data at constant prices), of which by 3.7% in manufacturing, by 0.1% in electricity and gas supply, whereas in mining and quarrying there was a decrease of 4.9%.
Keyword tags: Analytics, Baltic Export, Good for Business, Industry, Latvia, Markets and Companies
Valmieras Stikla Skiedra fiberglass maker and its subsidiaries (Valmiera Glass Group) posted EUR 33.08 million in consolidated net turnover for the first quarter of 2016, maintaining the record-breaking turnover level of the first quarter in 2015, informs LETA, according to the unaudited consolidated interim financial statements of Valmieras Stikla Skiedra for the first three months of this year.
Latvia's Ditton Pievadkezu Rupnica (Ditton PKR) motor chain plant, based in the southeastern Latvian city of Daugavpils, closed 2015 with EUR 4.27 million loss, informs LETA, according to the company's audited report to the Nasdaq Riga stock exchange.
According to Statistics Estonia, in March 2016, the production of industrial enterprises decreased by 5% compared to March of the previous year. Production decreased in the energy sector, mining and quarrying, and manufacturing.
Statistics Lithuania informs that in March 2016 industrial production totalled EUR 1.5 billion at current prices and, compared to February, decreased by 3.5% (1) at constant prices (seasonally and calendar unadjusted – increased by 2.3%).
Stronger worker rights contribute to good economic and social performance in business. Modern negotiations on employees’ involvement in corporate management follow traditional tripartite and bipartite agreements between social partners and state/public authorities. European Works Councils are important European social protection entities, particularly, in Europeanisation of industrial relations.
Data compiled by the Central Statistical Bureau (CSB) show that, compared to February, in March 2016 the level of producer prices in the Latvian industry decreased by 0.5%.The level of prices of products sold on the domestic market dropped by 0.6%, and prices of exported products – by 0.4%.