International Internet Magazine. Baltic States news & analytics
Saturday, 04.02.2012, 06:52
Wood exports from Latvia reached record-high LVL 1.10 – 1.12 bln in 2011
03.02.2012In 2011, Latvia's wood exports amounted to LVL 1.10 – 1.12 billion, the highest figure in the past 20 years, according to the Agriculture Ministry's approximate estimates.
Keyword tags: Baltic Export, Good for Business, Latvia, Markets and Companies, Woodwork
Turnover of Latvijas Balzams decreased in 2011, but profit increased
02.02.2012Joint-stock company Latvijas Balzams (LB), the largest producer of alcoholic beverages in the Baltic States, achieved LVL 55.11 million in turnover in 2011, according to the company's report submitted to the Riga Stock Exchange.
Value of Latvia's export goods increased by 25% in 2011; value if imported goods by 21.9%
30.01.2012The value of Latvia's export goods increased by 25% in 2011, whilst the value of important goods increased by 21.9%, according to information from the State Revenue Service.
A. Le Coq's 2011 sales grew by 7%
25.01.2012The total sale of Estonia's largest beverages producer A. Le Coq grew last year by 7% to 133.4 million litres, LETA/Delfi reports.
SEB's exporting customers' portfolio in Estonia grows by 18% in 2011
24.01.2012The number of Estonian subsidiary of the Nordic bank SEB's customers transacting internationally grew more than 18% in 2011, with these customers accounting for a quarter of SEB's active business customers, SEB reports.
Exporters invite Lithuanians in UK to business seminars
In order to increase exports, the Lithuanian Chamber of Commerce in the UK and Lithuanian Embassy invite Lithuanians residing in the UK to a series of free business seminars.
Estonia and Finland will promote exports together in Indonesia
Estonian foreign minister Urmas Paet and Finnish European affairs and foreign trade minister Alexander Stubb will visit Indonesia together next week, from January 23 to 26, to promote exports, LETA/National Broadcasting reports.
Olainfarm’s sales grew by 45% in 2011
In 2011, provisional sales for the joint-stock pharmaceutical company Olainfarm amounted to LVL 36.27 million, a 45% increase on 2010, according to the company's announcement at NASDAQ OMX Riga.
Latvia recorded EU's third steepest increase in exports in January-October
Latvia's exports in the first ten months of 2011 increased by 33% from the same period last year, which was the third largest increase across the European Union, according to the latest data from the EU's statistical office Eurostat.
SEB Estonia: 5% start-ups launch exports right away
5% Estonian start-up companies are able to sell products or services to foreign markets on their first year of business, appears from SEB’s 2011 statistics on foreign transactions, writes LETA/Postimees Online.
Trade deficit in Estonia decreased to 30 mln euros in November 2011
According to Statistics Estonia, in November 2011 compared to the same month of 2010, exports of goods grew by 24% and imports by 22% at current prices.
Foreign trade deficit of Lithuania amounted to LTL 0.8 bln in November
Statistics Lithuania informs that, based on non-final data obtained from customs declarations and Intrastat reporting data, exports in November 2011 amounted to LTL 6.2 billion, imports – LTL 7 billion. Foreign trade deficit of Lithuania amounted to LTL 0.8 billion. Data on trade with the EU countries were revised after VAT returns data had been received.
Foreign trade turnover in Latvia decreased by 4.2% in November
In November 2011 the total foreign trade turnover at current prices reached LVL 1 200.7 million – 4.2% or LVL 52.7 million less than a month before and 19.3% or LVL 194.3 million more than in November 2010, according to provisional data of the Central Statistical Bureau.
Valmieras stikla skiedra turnover grew by 19.5% in 2011
Joint-stock company Valmieras stikla skiedra (Valmiera Fiberglass) posted LVL 47.7 million in turnover in 2011, which is 19.5% more than in 2010, and 54% more than in 2009, according to the company's statement submitted to NASDAQ OMX Riga.
Valmiera Fiberglass elected the exported of the year 2011 in Latvia
Every year, the Investment and Development Agency of Latvia (LIAA) and the Ministry of Economics organize the annual Export and Innovation Awards, celebrating the leading exporters and most innovative companies in Latvia, informs BC the Latvian Institute.
The europact: outcomes for the Baltic States 
