International Internet Magazine. Baltic States news & analytics
Monday, 08.02.2016, 14:10
Mediola, a Lithuanian company that offers handmade candles and soaps under a new brand name, Freshdeli Soul & Body, has recently launched exports to Asia, the business daily Verslo Zinios reported on Monday, informs LETA/BNS.
Keyword tags: Baltic Export, China, Good for Business, Lithuania, Markets and Companies
DocLogix, a document and process management solutions provider that is part of Alna Group, one of Lithuania's largest IT groups, has this year carried out its first project in Canada, where its system has been purchased by the pipe bending company Triple D Bending, the business daily Verslo Zinios reported on Monday, cites LETA/BNS.
In the fourth quarter of 2015, Latvian drug wholesale companies raised their aggregate sales 2% year-on-year to EUR 117.28 million, in forms LETA, according to information from the State Agency of Medicines.
Latvia's leading foodservice provider Lido is due to open its third restaurant in Tallinn this Friday, LETA was told at the company.
Lithuania's only cement manufacturer Akmenes Cementas (Akmene Cement), which in 2015 sold nearly 1 million tons of cement, posted 55.4 million euros in revenue for full 2015, a decline of approximately 6% from the year-earlier figure of 59.2 million euros, informs LETA/BNS.
The Baltic Automotive Components Cluster (BACC), which brings together 18 companies, has not dropped plans to accelerate component exports to Russia's car market, the business daily Verslo Zinios reported on February 4th, cites LETA/BNS.
NAS Electronics, subsidiary of the Norwegian electronics manufacturer Nordic Automation Systems AS, is set to start manufacturing at its Saaremaa plant at full capacity in February 2016 and intends to start selling its solutions for electrical and pneumatic tools in Scandinavia, Germany and the UK soon, informs LETA/BNS.
Sakret LT, the Lithuanian subsidiary of the Latvian dry construction mixes producer Sakret Holdings, is a bright example of successful economic cooperation between Latvia and Lithuania, said Latvian Ambassador to Lithuania Einars Semanis, cites LETA/BNS.
Lithuanian wheat is high-quality, Linas Agro Group, Lithuania’s agricultural investment firm, has said in response to an announcement by Egypt, the world’s biggest wheat importer, that it would be enforcing a ‘zero tolerance’ policy on ergot contamination in wheat shipments, even though until now it has accepted cargos with up to 0.05 percent contamination with ergot, a fungus naturally found in wheat, the Verslo Zinios business daily reports on Monday, informs LETA/BNS.
The Latvian economy continued to grow in 2015 despite a tense geopolitical situation in the region, Janis Salmins, vice-director of the structural policy department of the Economics Ministry, told LETA.
The competitiveness of the Estonian exporting sector has come under stronger pressure, as was demonstrated by the loss of market share in export markets in 2015, Ardo Hansson, governor of the Bank of Estonia (Eesti Pank), said at the annual conference of the Estonian Economic Association on January 28th, cites LETA/BNS.
Small and medium-sized enterprises (SMEs) in the Baltic states remain cautious about business growth in 2016 and see growth potential in developing markets but would focus less on exploration of new export markets, reports LETA, according to the latest SEB Baltic Business Outlook.
Small and medium-sized enterprises (SMEs) in Estonia and the other Baltic countries are increasingly focusing their business on the domestic market, a survey by SEB indicates, reports LETA/BNS.
Amid warnings that Poland may become "a second Russia" for Lithuanian exporters, Lithuanian companies say that they do not see such threats, the business daily Verslo Zinios reported on Wednesday, cites LETA/BNS.
Belarus has allowed Lithuanian companies to ship fish products to the neighboring country, Lithuania's chief veterinary officer said on January 26th, cites LETA/BNS.