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Thursday, 28.05.2015, 23:04
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.
Keyword tags: Law and Regulations, Legislation, Lithuania, Markets and Companies, Woodwork
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.
For the first time ever, the profit of Troja, a subsidiary of the Latvian plywood maker Latvijas Finieris, exceeded one million euros last year, reaching EUR 1.626 million, which is 8% more than in 2013, when the company earned EUR 951,986, reports LETA, according to information provided by Firmas.lv.
The Vika Wood Ltd. sawmill in Talsi Region in Latvia, owned by and Icelandic company, operated with EUR 59.13 million in turnover in 2014, which was 5.7% more when compared to the previous year, when the company posted EUR 55.98 million in turnover, according to information from Firmas.lv, cites LETA.