International Internet Magazine. Baltic States news & analytics
Saturday, 31.01.2015, 15:07
According to preliminary data, the Estonian State Forest Management Centre (Riigimetsa Majandamise Keskus – RMK) increased turnover by 5.6% and profit by 29.3% in 2014, LETA/Postimees Online reports.
Keyword tags: Estonia, Good for Business, Markets and Companies, Woodwork
Estonian forestry and timber industry and Estonian highway transport union leaders are in favour of the decree signed by Economy and Infrastructure Minister Urve Palo that allows transporting round timber with trucks with up to 52 tonnes laden weight; Tallinn Technical University lecturer estimates, however, that now roads will be damaged more rapidly, LETA/Public Broadcasting reports.
Thanks to the continuing recovery of the construction sector and orders totaling EUR 3.5 million placed by the Latvian National Library, local furniture makers' total turnover will increase 15% in 2014, and the companies hope for another 10% increase next year if economic growth continues and demand for furniture on the local and foreign markets continues to increase, as the Latvijas mebeles (Latvian Furniture) association's executive director, Andris Plezers, told LETA.
During the first nine months of 2014, Latvian forest industry's export increased by 11.3%, reaching EUR 1.53 billion, compared to EUR 1.38 billion in the same period in 2013, reports LETA, referring to data provided by the Forest Department of the Ministry of Agriculture.
Forest management company Latvian State Forests was the leader in Latvian forest management industry last year with turnover of EUR 182.65 million, according to the Latvian Business Annual Report 2014 compiled by Firmas.lv and LETA.
During the nine months of 2014, the Group consisting of Grigiskes AB, Baltwood UAB, Klaipedos kartonas AB, Mena Pak PAT, and Klaipeda recycling UAB achieved the consolidate sales turnover of LTL 261.8 million (EUR 75.8 million). It is by LTL 17.4 million (EUR 5 million) or 7.1% more than during the nine months in 2013, the company said in a statement, cites LETA/ELTA.
During the first eight months of 2014, Latvian forest industry's export increased by 11.3%, reaching EUR 1.359 billion, compared to EUR 1.221 billion in the same period in 2013, according to data provided by the Forest Department of the Ministry of Agriculture.