International Internet Magazine. Baltic States news & analytics
Tuesday, 16.09.2014, 03:52
During the first six months of 2014, Latvia's export has remained unchanged, as compared to the same period in 2013, as information provided by Eurostat indicates, cites LETA.
Keyword tags: Analytics, Baltic Export, EU – Baltic States, Foreign trade
In order to differentiate export risks and find more stable markets, and taking into account the unpredictable situation in Russia, the grain processing company Rigas dzirnavnieks has begun exporting its products to the United Arab Emirates (UAE), the company's spokesman Zilvinas Pakeltis informed the business portal Nozare.lv, cites LETA.
African swine plague has been officially registered in Estonia in two wild boars and although the state has tightened control on pig farms, especially in South-Estonia, no ban on pig exports is currently planned, LETA/Public Broadcasting reports.
Competent authority of Hong Kong Special Administrative Region of the People's Republic of China has officially approved the certificate of importing Lithuanian dairy products, reports LETA/ELTA, referring to Lithuania's State Food and Veterinary Service (VMVT).
Lithuania and fellow Baltic states Estonia and Latvia are the countries most vulnerable to a Russian block on EU food exports imposed in retaliation for Western sanctions, the European Bank for Reconstruction and Development (EBRD) said, cites LETA/AFP.
The consolidated sales of the Lithuania-based dairy company Vilkyskiu Pienine for August 2014 amounted to LTL 27.6 million (EUR 8 million) , a 26% decrease comparing to August 2013, reports LETA/ELTA.
Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in July 2014 amounted to LTL 7.4 billion, imports – LTL 8.1 billion. Exports of goods of Lithuanian origin amounted to LTL 4 billion. The foreign trade deficit of Lithuania amounted to LTL 0.7 billion.
Provisional data of the Central Statistical Bureau show that in July 2014 compared to the previous month exports value of goods at current prices rose by 9.0%, and imports value of goods – by 6.9%. In July Latvia exported goods in the amount of 848.4 mln euros, but imported – in the amount of 1,055.1 mln euros.
According to Statistics Estonia, in July 2014, exports of goods increased by 6% and imports remained on the same level compared to July of the previous year. It was the biggest increase in exports in the last 14 months compared to same period of the previous year.
The fresh analysis of the Estonian Market Research Institute (EMRI) indicates that due to the Russian ban on imports, Estonia needs to find new markets for production in the financial volume of up to 150 million euros, LETA/Public Broadcasting reports.
Prime Minister of Lithuania Algirdas Butkevicius says that active search for new export markets for agricultural and food products is ongoing, informs LETA/ELTA.
Polymer processing company SIA Nordic Plast, which is part of the environmental management companies’ group Eco Baltia grupa, has created a new, modernised production unit by investing EUR 2.5 million therein. The production capacity of the company has increased by one and a half times and 25 work places have been created at the new production unit, reported BC corporate communication director at Eco Baltia grupa Dace Jansone.
Riga Mayor Nils Usakovs (Harmony Center) in Moscow today met with Russian Deputy Prime Minister Arkady Dvorkovich, who promised to support and increase access to Latvian export products in fields unregulated by the sanctions.
The comparison of Statistics Estonia data of the first half of the year 2014 and last year shows that the Estonian exports to Russia have declined by 41.3 million euros, or 9.3%, LETA/Postimees Online cites the Statistics Estonia blog.
Hong Kong's market is open for Lithuanian poultry meat producers. Relevant institutions of Hong Kong Special Administrative Region have informed the State Food and Veterinary Service (VMVT) that a veterinary certificate needed to import chilled and frozen poultry products has been harmonized, informs LETA/ELTA.