International Internet Magazine. Baltic States news & analytics
Friday, 13.12.2019, 16:33
During the first nine months of this year, Latvian exports of wooden furniture fell 6.6% from the same period a year ago, with most of the Latvian-made furniture sold in Denmark, according to information released by the Agriculture Ministry writes LETA.
Keyword tags: Analytics, Latvia, Markets and Companies, Statistics, Woodwork
The UK is one of Latvia’s most significant export partners, and shipments to British ports generate a large share of turnover at the Port of Riga. During the first nine months of this year, cargo turnover between Riga and UK ports amounted to 2.5 million tonnes or more than 10% of the total cargo turnover at the port, informed Riga Freeport press service.
In August, the Port of Riga handled a record volume of wood pellets. During a single month, port terminals managed to handle more than 200,000 tonnes of pellets. Also, year on year this cargo group has shown impressive growth. During the first eight months of this year, the year-on-year increase in the volume of wood pellets shipped from the Port of Riga was 55.4%, informed Free Port of Riga press service.
The listed Estonian fiberboard and furniture maker Skano Group intends to change its name to Nordic Fibreboard AS at an extraordinary general meeting in mid-October, informed LETA/BNS.
The Danish-owned Kaunas-based Lithuanian furniture producer Theca Furniture posted 58.1 mln euros in revenue last year, up 12.4% from 51.6 mln euros a year ago, reported LETA/BNS.
A business conference called Estlat Forum 2019 is to take place in Tartu on Thursday, Estlat is the biggest conference in the field of Estonian-Latvian economic cooperation, the key topic of which is the opportunities and challenges posed by the wood sector, wirtes LETA/BNS.
Furniture production and interior design company Fitsout, owned by Avia Solutions Group's owner Gediminas Ziemelis and two other persons, plans to build a second furniture production facility in Lithuania, according to the Verslo Zinios business daily writes LETA/BNS.