International Internet Magazine. Baltic States news & analytics
Wednesday, 28.09.2016, 21:48
The IKEA subsidiary IRI Investments OU has acquired 300 more hectares of land in Estonia since mid-August, of which 66 hectares is forest land, informs LETA/BNS.
Keyword tags: Baltic, Estonia, EU – Baltic States, Markets and Companies, Woodwork
Sweden's furniture giant Ikea has purchased about 38,000 hectares of forest in Lithuania, Latvia and Estonia for about 65 mln euros, reports LETA/BNS according to Verslo Zinios daily.
The state-owned Latvijas Valsts Mezi (LVM) company responsible for management of state-owned forests closed the first quarter of 2016 with a turnover of EUR 61.8 mln compared to EUR 61.3 mln in the first quarter of 2015 but the company’s profit decreased slightly to EUR 17.6 mln from EUR 18.9 mln in the first quarter of 2015, write LETA.
The sales revenue of the Estonian state forest management company RMK in the first half of 2016 totaled 81 mln euros and profit 6.3 mln euros, compared with respectively 75.3 mln euros and 4.5 mln euros in the first six months of last year, reports LETA/BNS.
The one of the major log supplying countries in German in 2015 - early 2016 have been Estonia – Wood Resource Quaterly05.08.2016
Prices for domestic and imported sawlogs in Austria and Germany have falling during 2015 and 2016 to levels not seen in ten year, reports the Wood Resource Quarterly.
The consolidated sales revenue of the Estonian wood pellet producer Graanul Invest AS grew by 76% y-o-y to 243 mln euros in 2015, informs LETA/BNS.
In 2012, the average forest regeneration costs, depending on the forest land quality group1, varied between 620 and 687 euros per hectare, according to the data of the Central Statistical Bureau (CSB).