Baltic Export

International Internet Magazine. Baltic States news & analytics Friday, 04.12.2020, 16:20

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Turnover of Valmieras Stikla Skiedra down 21% in 9 months

Turnover of Valmieras Stikla Skiedra down 21% in 9 months

01.12.2020

Valmieras Stikla Skiedra fiber glass producer in the first nine months of this year generated EUR 78.3 million in turnover, down 21% from the respective period last year, while the group's loss shrank 42% to EUR 3.5 million, writes LETA, according to the company's report to Nasdaq Riga.

Keyword tags: Baltic Export, EU – Baltic States, Industry, Latvia, Markets and Companies



Exports of oil products from Latvia up 3.7% in 9 months

Exports of oil products from Latvia up 3.7% in 9 months

23.11.2020

The amount of oil products exported from Latvia under the deferred excise tax payment regime in the first nine months of 2020 was by 10,541 tons or 3.7% higher than the amount exported during the same period a year ago, writes LETA, according to the information from the Excise Goods Administration of the Latvian State Revenue Service.

Swedbank: Latvia's export to see 5% drop in 2020

Swedbank: Latvia's export to see 5% drop in 2020

19.11.2020

Latvia's export this year will see a 5% drop, which is smaller than expected earlier, said Swedbank chief economist Liva Zorgenfreija in a discussion on export during the Covid-19 pandemic, cites LETA.


Latvian exports of forestry products down 7.3% in 9 months, imports down 3.2%

Latvian exports of forestry products down 7.3% in 9 months, imports down 3.2%

17.11.2020

In the first nine months of 2020, Latvia exported EUR 1.87billion worth of forestry products, which is 7.3% less than in the same period a year ago, writes LETA, according to information released by the Agriculture Ministry.

Turnover of Sakret Holdings down 0.4% in 9 months

Turnover of Sakret Holdings down 0.4% in 9 months

11.11.2020

Sakret Holdings construction materials producer in the first nine months of 2020 posted EUR 17.57 million in turnover, declining 0.4% from the respective period last year, while profit increased 61.3% to EUR 1.037 million, writes LETA, according to the company's report submitted to Nasdaq Riga stock exchange.


11.11.2020

EAS to launch mentor program geared towards growth companies

Enterprise Estonia (EAS) is about to start accepting applications for participation in a mentor program for growth companies that would help business operators who are planning product development or export, informs LETA/BNS.

10.11.2020

Madara Cosmetics group saw 48% increase in turnover in 9 months

During the third quarter of 2020 the consolidated (unaudited) turnover of the cosmetics producer Madara Cosmetics amounted to EUR 4 million. This represents a 50% increase compared with the corresponding period last year, writes LETA, according to a statement to the Nasdaq Riga stock exchange.

09.11.2020

Lithuania's AUGA Group continues expansion in US, Canada

AUGA Group, one of the leading agricultural investment companies in the Baltic states, continues expanding its business in the United States and Canada, with the company's representative saying that North America has become a key export destination for the company's products, informs LETA/BNS.

09.11.2020

In September, export turnover was the highest of the year in Estonia

According to Statistics Estonia, in September 2020, compared to September 2019, the exports of goods increased by 11% and imports decreased by 4%. Compared to the third quarter of 2019, exports grew by 1% and imports declined by 5%.

06.11.2020

Lithuania's Jan-Sep exports fall 6%, imports 12%

Lithuania's exports contracted by 6% in January-September 2020 from a year earlier to 20.624 billion euros, and its imports shrank by 12% to 20.979 billion euros, the country's statistics office said on Friday, cites LETA/BNS.

06.11.2020

Enterprise Estonia opens export representation in Poland

Enterprise Estonia (EAS) earlier this week opened an export office in Poland that aims to help Estonian businesses expand to the market of 38 million people and expand there, informs LETA/BNS.

02.11.2020

Olainfarm has received Russia's Good Manufacturing Practice certificate

Latvian Olainfarm pharmaceutical company has received Russia's Good Manufacturing Practice (GMP) certificate, LETA learned from the company.

30.10.2020

SAF Tehnika raises turnover by 16% in FY 2019

Latvia's telecommunication equipment maker SAF Tehnika in the last financial year that lasted from July 1, 2019, until June 30, 2020, turned over EUR 16.76 million, which is by 16% more than in the previous financial year, and generated a EUR 441,842 profit in contrast to a loss incurred the year before, writes LETA, according to the group's statement to the Nasdaq Riga stock exchange.

28.10.2020

Earnings of Harju Elekter jumped almost 90% in January-September

The consolidated net profit of listed Estonian electrical equipment manufacturer Harju Elekter in the third quarter of 2020 totaled 1.7 million euros, being bigger by 28.4% than in the same period in 2019, while consolidated net profit for the first nine months of the year surged 88.9% to close to 4.4 million euros, informs LETA/BNS.

14.10.2020

Estonia's Clanbeat puts on market new learning, communication app

Estonian education technology startup Clanbeat has announced the launch of an innovative learning technology solution that enables educators to cultivate a deeper connection with students via a safe, secure and structured platform, informs LETA/BNS.

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