International Internet Magazine. Baltic States news & analytics
Friday, 21.10.2016, 00:17
Latvia’s Milda KM food processing company has started exports to Australia and has sent the first shipment of canned grey peas to this country, the company’s representative Elina Cape reported LETA.
Keyword tags: Baltic Export, Financial Services, Foodstuff, Good for Business, Industry, Latvia, Markets and Companies
In the first seven months of this year, Latvian wholegrain breakfast cereals producer Milzu! increased its exports four times compared to the same period in 2015, informs LETA.
Preliminary consolidated results of Latvia's Olainfarm pharmaceutical company for September 2016 show that sales of the company were EUR 8.21 mln, which represents a 2% increase compared to the same period of 2015, according to the information submitted to the Nasdaq Riga stock exchange.
Uzavas Alus brewery based in the Ventspils municipality in north-western Latvia (formerly Zaksi) next year will increase its production capacity by one third, the company's owner Uldis Pumpurs told LETA.
With EUR 98.508 mln annual turnover, Dobeles Dzirnavnieks grain mill became the leader of the Latvian food and beverages industry last year, according to a study carried out in cooperation with Oxford Research company and published in the Latvian Business Annual Report 2016 compiled by Firmas.lv and LETA.
Lithuanian companies, which exported mostly food-grade wheat to Middle East and Northern Africa in recent years, will have to find markets much closer to home to sell this year's poorer-quality crop, the business daily Verslo Zinios information writes LETA/BNS.
The global timber price index GSPI was up 4.2% in the 2Q/16 after having fallen to the lowest level since 2009 in early 2016, according to the Wood Resource Quarterly (WRQ), WRQ representative Hakan Ekstrom informs BC.
Estonian bakery company Leibur plans to invest eight million euros in new equipment next year to expand production and increase export, writes LETA/BNS.
Latvian wooden furniture export increased 3.5% in January-July this year as compared to the first seven months of 2015, with the total value of export amounting to EUR 78.69 mln, which constituted 6.5% of total export of forestry industry exports in the first seven months, according to data from the Agriculture Ministry's Forest Department.
The Saharawi Arab Democratic Republic's government has condemned the resumption of phosphate rock shipments from Western Sahara to Lithuania. CEO of Lifosa, the Lithuanian fertilizer company, has assured that its imports came from Morocco and did not know the origin of the raw materials, writes LETA/BNS.
The World Anti-Doping Agency's (WADA) has published the 2017 List of Prohibited Substances and Methods, and it includes also meldonium, the main ingredient used in the production of Latvian-made Mildtronate medication, writes LETA.
Lithuania's organic hemp grower and processor Agropro is planning to ship its first batches to the United States by the end of the year and is in talks on exports to China, LETA/BNS reports according the business daily Verslo Zinios information.
The Estonian smartphone app Taxify that connects riders with local taxis and private drivers launched the service with 200 drivers in the Ukrainian capital Kiev on Friday, reports LETA/BNS.
Latvia’s largest producer of growing media, SIA Pindstrup Latvia of the Pindstrup Group, today opened a new wood fiber plant in the town of Baloži, Ķekava district, for the production of Forest Gold – a new component for growing media – for professional growers, Pindstrup representative told BC.
Viciunai, a leading Lithuanian food group that is owned by Kaunas Mayor Visvaldas Matijosaitis, has dropped plans to build a large fish processing facility near Belarus' capital of Minsk, citing changes in the business environment and the company's strategy as the reason, reports LETA/BNS.