International Internet Magazine. Baltic States news & analytics
Sunday, 26.06.2016, 23:45
Axis Industries, a Lithuanian industrial and energy project group, in 2015 saw its consolidated net profit grow by 49.1% to 10.28 million euros, from 6.896 million euros in 2014, informs LETA/BNS.
Keyword tags: Baltic Export, Energy, Good for Business, Lithuania
In the first four months of the year 2016, the value of Latvia’s wooden furniture export dropped by 6.3% against a year before to EUR 45.53 million, making up 6.3% of total forestry industry exports, informs LETA, according to the data provided by the Forest Department of the Latvian Agriculture Ministry.
Sales revenue of the Estonian industrial group BLRT Grupp fell by 14% to 353 million euros, EBITDA plummeted 75.9% to 8.5 million euros, and net profit shrank 34% to 6.8 million euros in 2015, informs LETA/BNS.
The Estonian producer of modular houses Akso-Haus has exported to Germany more than 60 buildings intended for refugees, expanding significantly production and hiring 40 additional staff for this, informs LETA/BNS.
The export of services exceeded import in the first quarter of 2016 in almost all Estonian counties with the exception of the Hiiu and Polva counties, data of Statistics Estonia show, cites LETA/BNS.
Latvian pharmaceutical group Olainfarm generated EUR 44.14 million in turnover in the first five months of 2016, which is 1% more than during the same period in 2015, informs LETA, according to the financial statements submitted to the Nasdaq Riga stock exchange.
All three Baltic States saw a decline in exports in the first four months of 2016, as compared with the same period last year, figures from the EU statistical office Eurostat showed on June 15th, cites LETA/BNS.
Klaipedos Mesine, a Lithuanian meat processing company, is setting up a chain of small retail stores LitMarket in Georgia to sell Lithuanian products, reported LETA/BNS, referring to Verslo Zinios.
Marijampoles Pieno Konservai (Marijampole Canned Milk, or MPK), one of the biggest milk processors in Lithuania and the leading canned milk producer in the Baltics, is set to invest 7.7 million euros in modernization of butter production line and other equipment. The company has secured 1.5 million euros in support from the European Union (EU) for the project, informs LETA/BNS.
Latvia's Food Union dairy group, which comprises dairy companies Rigas Piena Kombinats (RPK), Valmieras Piens and Rigas Piensaimnieks, has started shipping its products to Iraq, the company’s representatives informed LETA.
Two large retail chains in Poland, Auchan and Carrefour, have introduced altogether 15 products of the Estonian beverage house Saku in their product offering since May 2016, reports LETA/BNS.
Trade partners in Egypt have expressed interest in Latvian-made cereals, healthy food, dried field beans and poultry, the Latvian embassy in Egypt reported LETA.
Danske Bank, the second-biggest financial group in Northern Europe by assets, has granted a 6.1 million euro loan to Elmoris, the only manufacturer of screw caps in the Baltic States, informs LETA/BNS.
Latvian IT company Knowledgeprice.com has helped Great Britain's OakNorth Bank to become one of the first British banks to store its basic systems in a cloud, the company's representatives informed LETA.
Orkla Confectionery&Snacks Latvija (formerly NP Foods) in 2015 generated EUR 71.6 million in turnover which is a growth by EUR 740,000 from 2014, the company said LETA.