Baltic Export

International Internet Magazine. Baltic States news & analytics Wednesday, 22.11.2017, 07:34

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New CEO of Nordecon planning to expand company in Scandinavia

New CEO of Nordecon planning to expand company in Scandinavia

21.11.2017

Gerd Muller, who is to assume the position of CEO of the listed Estonian construction company Nordecon on Jan. 8, is planning to strengthen the company's present operations and expand it on Scandinavian markets, informs LETA/BNS.

Keyword tags: Baltic Export, Construction, Estonia, EU – Baltic States, Real Estate



Agreement to improve Latvia’s exports to Armenia

Agreement to improve Latvia’s exports to Armenia

21.11.2017

The Latvian Foreign Ministry hopes that the Comprehensive and Enhanced Partnership Agreement (CEPA) between the EU, the European Nuclear Society, its member states and Armenia will improve Latvia’s exports to Armenia, reports LETA.

Latvian exports grew at the EU’s average rate in January-September

Latvian exports grew at the EU’s average rate in January-September

16.11.2017

During the first nine months of 2017, Latvian exports increased at the European Union’s average rate, writes LETA, according to the latest foreign trade data released by Eurostat on November 15th.


Estonian Helmes develops peat field monitoring software for Jiffy

Estonian Helmes develops peat field monitoring software for Jiffy

16.11.2017

The Estonian software developer Helmes has developed a system for the monitoring of peat fields complete with necessary software for the international peat extracting company Jiffy, reports LETA/BNS.

The foreign trade deficit of Lithuania amounted to EUR 111.9 mln in September

The foreign trade deficit of Lithuania amounted to EUR 111.9 mln in September

10.11.2017

Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in September 2017 amounted to EUR 2.30 billion, imports – EUR 2.42 billion. Exports of goods of Lithuanian origin amounted to EUR 1.41 billion. The foreign trade deficit of Lithuania amounted to EUR 111.9 million.


09.11.2017

In September, foreign trade turnover in Latvia gone up by 13.3%

Provisional data of the Central Statistical Bureau (CSB) show that in September 2017 Latvian foreign trade turnover amounted to EUR 2.28 billion, which at current prices was 13.3% more than in September 2016, of which the exports value of goods was 7.7% and imports value of goods was 18.4% higher.

09.11.2017

In Q3, exports in Estonia grew by 4% and imports by 6%

According to Statistics Estonia, in the 3rd quarter, compared to the 3rd quarter of the previous year, exports grew 4% and imports 6%. Compared to the 1st and 2nd quarter of 2017, trade slowed in the 3rd quarter.

08.11.2017

SAF Tehnika posts EUR 389,400 profit for Q1

Latvia's SAF Tehnika telecommunications equipment group generated EUR 3.923 million in turnover in the first quarter of its current financial year from July 1 to September 30, 2017, up 2.7% from the same period in the previous financial year, but the group's profit fell 2.9% to EUR 389,400, writes LETA, according to the interim financial statements submitted to the Nasdaq Riga stock exchange.

06.11.2017

Latvia exports, imports less than Lithuania, Estonia in January-August

During the first eight months of 2017 Latvia still trailed behind its Baltic neighbors Estonia and Lithuania by export and import volumes and also showed the widest trade gap among the Baltic states, the Latvian Central Statistical Bureau said, cites LETA.

03.11.2017

Baltika planning to boost online sales in Finland

The listed Estonian garment seller Baltika is planning to increase online sales in Finland and to support that is opening a store in Espoo, informs LETA/BNS.

03.11.2017

SPI Group reigns victorious in Stoli trademark decision in Brazil

On Tuesday, October 31, 2017, the Federal Court of Appeal of Brazil announced a decision on the appeal in the Stolichnaya trademark case confirming the SPI Group’s ownership of the trademarks. The Court of Appeal’s decision was unanimous, with the Judges ruling 3-0 in favor of SPI.

02.11.2017

Food Union invests EUR 25,000 in development of Rasens brand

Latvian dairy company Food Union has invested EUR 25,000 in development of its Rasens brand, LETA learned from the concern.

31.10.2017

Loss of Stenders grew sixfold in 206-2017

Loss of Latvia’s cosmetics company Stenders last financial year from April 1, 2016, until March 30, 2017, reached EUR 3.582 million, which was six times higher than in the previous financial year, while turnover was EUR 5.55 million, down 31% year-on-year, reports LETA, according to Firmas.lv business database.

23.10.2017

Digital platform opened in Latvia on excellence in export

On October 19, Zanda Kalnina–Lukasevica, the Parliamentary Secretary of the Latvian Foreign Ministry, took part in the inauguration of a digital platform for Latvian exports, LETA learned from the ministry.

19.10.2017

Trade balance in national economy: EU’s assessment for 2016-17

European Union is one of the main trading blocks in the world. The 19 eurozone states are doing generally better than the EU-28: the latter recorded €5.1 bn deficit in trade in goods with the rest of the world in 2017 (in 2016 the deficit was €8.2 bn). But the eurozone countries are showing quite good results: a surplus of €145.3 bn in 2017, compared with a surplus of €172.2 bn in 2016; trade within the block has risen to about €1,2 trillion.

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