International Internet Magazine. Baltic States news & analytics
Tuesday, 07.07.2015, 20:47
Data compiled by the Central Statistical Bureau of Latvia show that in 2014, the average forest regeneration costs in Latvia comprised EUR 557 – EUR 662 per hectare, depending on the forest land quality group (1).
Keyword tags: Analytics, Financial Services, Latvia, Markets and Companies, Woodwork
Estonian furniture and fibreboard producer Skano told the Tallinn Stock Exchange that its consolidated net sales of the first quarter of 2015 were 5.1 million euros, representing a 5% decrease on the first quarter compared to the same period in 2014, informs LETA.
On May 14th, the Seimas of Lithuania rejected amendments to the Law on Forestry, vetoed by President Dalia Grybauskaite, and preserved the current system of state forest enterprises. Around 500 foresters staged a rally in front of the Seimas building against Grybauskaite's veto, reports LETA/ELTA.
From May 4 to 15, during the Latvian Presidency of the EU Council, in New York, the 11th session of the U.N. Forest Forum is being held. Participants of the Forum are working on the joint Resolution, outlining further development of the Forest Forum, improving capacity of the Forum Secretariat and a support function to facilitate a sustainable forest management, reports BC the Agriculture Ministry of Latvia.
Wood plate manufacturer Kronospan Riga (formerly Bolderaja LTD) turned over EUR 164.037 million in 2014, which is 2.5% more as compared with 2013, when the company turned over EUR 160.030 million, reports LETA, according to Firmas.lv information.
In the first quarter of 2015, furniture manufacturer AB Vilniaus Baldai posted revenue of EUR 16.5 million, while net profit amounted to EUR 818,000, informs LETA/ELTA.
The Rezekne Special Economic Zone wood processing company Verems increased its turnover by 3% and profit by 6% in 2014, reports LETA, according to Firmas.lv information.