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Saturday, 20.12.2014, 17:02
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.
Keyword tags: Baltic Export, Good for Business, Latvia, Markets and Companies, Woodwork
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.
The Estonian state-owned State Forest Management Centre (Riigimetsa Majandamise Keskus – RMK) earned 24.2 mln euros of profit on 115.8 mln euros of turnover in the first nine months of this year, LETA/Public Broadcasting reports.
Turnover of the furniture manufacturer Vilniaus baldai AB during period 2014 July – September amounted to LTL 57.26 million (EUR 16.584 million), during the same period year 2013 it was LTL 53.375 million (EUR 15.458 million), informs LETA/ELTA.