International Internet Magazine. Baltic States news & analytics
Saturday, 26.07.2014, 10:06
The year 2013 was positive for the Estonian timber industry as exports and total sales growth accelerated and the number of employed in the sector grew, LETA/Postimees Online cites an analysis of the Estonian Economy and Communications Ministry.
Keyword tags: Baltic Export, Estonia, Good for Business, Markets and Companies, Woodwork
The Talsi Region sawmill Vika Wood operated with a turnover of EUR 55.98 million in 2013, which is 8% more than in 2012, information provided by Firmas.lv indicates, cites LETA/Nozare.lv.
Data compiled by the Central Statistical Bureau of Latvia show that in 2013 the average forest regeneration costs in Latvia comprised EUR 566 – EUR 630 per hectare, depending on the forest land quality group.
It has been proposed that the law would provide for a possibility for natural and legal persons and farmers to be the first to purchase up to 80 cubic meters of wood in the rough, produced in the areas of state-owned forests, informs LETA/ELTA.
During the first three months of 2014, Latvian forest industry's export continued to increase, reaching EUR 498.905 million, compared to EUR 435.416 million in the same period in 2013, according to data provided by the Forest Department of the Ministry of Agriculture cites LETA/Nozare.lv.
The joint-stock birch plywood producer Latvijas Finieris posted a 5% increase in turnover and 6% increase in profit in 2013 thanks to increasing demand on the company's export markets, according to Firmas.lv data, cites LETA/Nozare.lv.
Turnover for the woodworking company Stali in Priekuli Region, in 2013 increased by 6%, but the profit – 2%, information by Firmas.lv indicates, cites LETA/Nozare.lv.