Baltic Export

International Internet Magazine. Baltic States news & analytics Tuesday, 26.07.2016, 17:05

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Lithuania's BPO House to do bookkeeping for Norway's Oug

Lithuania's BPO House to do bookkeeping for Norway's Oug

25.07.2016

BPO House, Lithuana's company of rental of business processes with two thirds of its clients being foreign-capital companies, has signed a three-year contract on accounting services with Norway's Oug accounting company, lrytas.lt news portal said, informs LETA/BNS.

Keyword tags: Baltic Export, Good for Business, Lithuania, Markets and Companies



 Eesti Energia planning to enter Poland's retail market in 2017

Eesti Energia planning to enter Poland's retail market in 2017

15.07.2016

Eesti Energia expects to start retail sales of electric energy on the Polish retail market in 2017, an executive said after Finance Minister Sven Sester had endorsed the establishment of a subsidiary of the state-owned Estonian energy group in Poland, informs LETA/BNS.

Baltic Dairy Board plans on investing EUR 18 mln

Baltic Dairy Board plans on investing EUR 18 mln

11.07.2016

Dairy Board, which two years ago under the name of Sigilo KV bought insolvent dairy company Bauskas Piens and with Russian investors’ help started building a plant last year, is now planning on investing EUR 18 mln in development in the next three years, informs LETA.


Lithuania wants to export grain to China

Lithuania wants to export grain to China

08.07.2016

Prime Minister Algirdas Butkevicius told Chinese officials on Thursday that, in addition to milk and beef, Lithuania also wants to export grain to China, informs LETA/BNS.

Mars Lithuania's FY net profit drops 17% to EUR 8 mln

Mars Lithuania's FY net profit drops 17% to EUR 8 mln

05.07.2016

Lithuania's confectionery and pet food manufacturer Mars Lietuva, which is part of the international food industry giant Mars, last year saw its net profit drop to 7.937 mln euros, down 16.7% from 9.532 mln euros in 2014, reports LETA/BNS


04.07.2016

Latvia’s Balticovo egg producer gets new board chairman

Vadims Vlasovs has been elected board chairman of Latvia’s Balticovo egg and egg products producer, writes LETA.

27.06.2016

Estonian Norma lifts sales to EUR 68.7 mln in 2015

The Estonian car safety equipment manufacturer Norma, a holding of the Swedish Autoliv, increased sales by 7% to 68.7 million euros in 2015 and its profit by 2.3-fold to 4.2 million euros, it can be seen from the company's annual report, cites LETA/BNS.

27.06.2016

Madara Cosmetics raises 2015 sales 30%, profit grows 19%

Latvian Madara Cosmetics eco-cosmetics producer last year increased its turnover 30% and its profit grew 19% year-on-year, informs LETA, according to Firmas.lv.

27.06.2016

Lithuania's Viciunai ir Ko targets EUR 129 mln sales in 2016

Lithuania’s frozen fish and other product distributor Viciunai ir Ko is targeting sales of 129 million euros in 2016 after posting a 1.5% rise in revenue to 114.443 million euros for 2015, up from 112.773 million euros in 2014, informs LETA/BNS.

27.06.2016

Cigarette exports from Latvia grow 41.6% in January-April

There were 807.29 million cigarettes exported from Latvia to other countries in January-April 2016, which is a 41.63% rise from the same period in 2015, informs LETA, according to the information about excised goods released by the Latvian State Revenue Service.

20.06.2016

Net earnings of Lithuania’s Axis Industries soar by half in 2015

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.

20.06.2016

6.3% reduction in export of Latvia’s wooden furniture registered in April

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.

17.06.2016

Estonian BLRT sees sales fall 14% in 2015

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.

16.06.2016

Estonian Akso-Haus exported to Germany over 60 houses for refugees

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.

16.06.2016

Export surpasses import of services in almost all Estonian counties

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.

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