Baltic Export

International Internet Magazine. Baltic States news & analytics Tuesday, 14.07.2020, 19:45

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Government approves EUR 51 mln allocation to subsidize wages in Latvian exporting enterprises

Government approves EUR 51 mln allocation to subsidize wages in Latvian exporting enterprises

14.07.2020

The government today approved the Economics Ministry's proposal to allocate EUR 51 million for wage subsidies to exporting enterprises that have suffered from the Covid-19 crisis, reports LETA.

Keyword tags: Baltic Export, Covid-19, Financial Services, Investments, Latvia, Legislation, Markets and Companies



In May, foreign trade turnover in Latvia fell by 24.1% y-o-y

In May, foreign trade turnover in Latvia fell by 24.1% y-o-y

10.07.2020

Provisional data of the Central Statistical Bureau show that in May 2020, due to epidemiological crisis caused by Covid-19, the foreign trade turnover of Latvia amounted to EUR 1.93 billion, which at current prices was 24.1 % less than a year ago, of which the exports value of goods dropped by 16.8 %, but imports value of goods – by 29.6 %. In May Latvia exported goods in the amount of EUR 906.1 billion, but imported – in the amount of EUR 1.03 billion.

In May, exports in Estonia declined by 25%, imports by 24%

In May, exports in Estonia declined by 25%, imports by 24%

10.07.2020

According to Statistics Estonia, in May 2020, compared to May 2019, the exports of goods decreased by 25% and imports by 24%. Compared to April 2020, exports decreased by 2% and imports remained at the same level.


Enterprise Estonia launches service for including foreign market experts

Enterprise Estonia launches service for including foreign market experts

06.07.2020

Enterprise Estonia has launched a new service aimed at helping businesses benefit from the assistance of export and product development experts with international experience, informs LETA/BNS.

Lithuania welcomes Ukraine’s decision to terminate fertilizer market probe

Lithuania welcomes Ukraine’s decision to terminate fertilizer market probe

26.06.2020

Lithuania has welcomed Ukraine’s decision to terminate its fertilizer market probe that was launched in August 2019 and raised concerns for Lithuania’s fertilizer producers and exporters, informs LETA/BNS.


19.06.2020

Lithuania's exports rose by 4.8%, imports by 3.3% in 2019

Lithuania's exports rose 4.8% to 29.624 billion euros in 2019, and imports grew 3.3% to 31.949 billion euros, according to the final figures published y the country's statistics office, Statistics Lithuania, on June 19th.

16.06.2020

Latvijas Finieris sees turnover drop 9.2% in 2019

Latvijas Finieris birch plywood producer turned over EUR 226.377 million in 2019, down 9.2 percent from a year before, while the company's profit contracted 26.6 percent to EUR 8.798 million, writes LETA, according to information available at Firmas.lv.

12.06.2020

Latvian Investment Agency to primarily support companies that already export their products and are ready to expand

The Investment and Development Agency of Latvia wishes to primarily support those companies that already export their products and are ready to expand into new markets to further raise sales, or to compensate companies for the fall in demand for Latvian exports in countries that Covid-19 has hit the hardest, the agency's head Kaspars Rozkalns said during a meeting with President Egils Levits on June 12, cites LETA.

12.06.2020

Latvian exports of forestry products down 10.7%, imports off 9.8% in 4 months

In January-April 2020, Latvia exported EUR 853.999 million worth of forestry products, which is a decrease of 10.7% against the previous year, writes LETA, according to information released by the Agriculture Ministry. In January-April 2020, Latvia imported EUR 294.319 million worth of forestry products, which is a decrease of 9.8% against the previous year.

10.06.2020

Latvia expects to increase exports to EUR 22 bln in 3 years

The Economics Ministry expects Latvian exports of goods and services to grow to EUR 22 billion in the next three years, Janis Salmins, head of the ministry's analytics service, told members of the Saeima Sustainable Development Committee on June 10th, cites LETA.

09.06.2020

In April, foreign trade turnover of Latvia fell by 21.4% y-o-y

Provisional data of the Central Statistical Bureau show that in April 2020, due to epidemiological crisis caused by Covid-19, the foreign trade turnover of Latvia amounted to EUR 1.92 billion, which at current prices was 21.4% less than a year ago, of which the exports value of goods dropped by 13.9%, but imports value of goods – by 27.4%.

09.06.2020

Biggest decrease registered in foreign trade in Estonia in 11 years

According to Statistics Estonia, in April 2020, compared to April 2019, the exports of goods decreased by 17% and imports by 22%. The greater decrease in imports offset the balance of trade.

01.06.2020

Sales of Valmiera fiberglass maker down 8.3% in Q1

Valmieras Stikla Skiedra fiberglass maker in the first quarter of 2020 generated EUR 32.851 million in sales, down 8.3%, ad earned EUR 2.09 million in profit in contrast to a loss a year ago, writes LETA, according to the company's statement submitted to the Nasdaq Riga stock exchange.

27.05.2020

Grindex: crisis revealed problems with pharmaceutical supply chain

The Covid-19 crisis demonstrated very clearly how problems can arise in the pharmaceutical supply chain and producers can lose access to active ingredients necessary for the production of medicines, Juris Hmelnickis, CEO of Latvia's Grindex pharmaceutical group, told LETA, urging Latvia to ensure greater independence from foreign suppliers.

26.05.2020

Printful from Latvia to invest EUR 1.8 mln in Canada workshop

Latvia's Printful print-on-demand company will invest EUR 1.8 million in a new Canada-based printing operation, the company's representatives told LETA.

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