International Internet Magazine. Baltic States news & analytics
Monday, 29.08.2016, 17:40
China has approved a list of 16 Lithuanian dairy processing companies allowed to export their products to the huge market, says Lithuania's Ambassador to China Ina Marciulionyte, reports LETA/BNS.
Keyword tags: Baltic Export, China, Foodstuff, Lithuania, Markets and Companies
The Estonian taxi-hailing app Taxify which has recently expanded its operations to Budapest, Bucharest and Nairobi is planning to launch its operations in four other cities around the world in September, reports LETA/BNS.
Lithuania's grain processor Malsena Plius, which exports around one-tenth of its products, says that the weak ruble has forced it to switch from Russia and Belarus to other export markets, noting a recent increase in flour sales to African countries, informs LETA/BNS according to daily Lietuvos Rytas reports on Friday.
Among the three Baltic states, Lithuania and Latvia saw a decline in exports in the first half of 2016, as compared with the same period last year, Eurostat said. Exports remained stable in Estonia over the period, reports LETA/BNS.
The sales revenue of the Estonian state forest management company RMK in the first half of 2016 totaled 81 mln euros and profit 6.3 mln euros, compared with respectively 75.3 mln euros and 4.5 mln euros in the first six months of last year, reports LETA/BNS.
The Latvian company SIA Ilgezeem participated in 5th-7th August at the largest and most prominent event of the European beer industry – the 20th Berlin Annual Beer Fest. The Latvian company, along with the world leading beer manufacturers, presented to the visitors their products: Iļģuciema Mead and Iļģuciema Kvass traded at foreign markets with the trade name TANHEISER, told BC Ilgzeem representative.
Latvian cosmetics and perfumery company Dzintars saw its turnover contract and losses grow last year, information from Firmas.lv suggests,reports LETA.
With the pea-harvesting season in full swing in Lithuania, the first shiploads of peas will depart for India in a couple of weeks, the daily Lietuvos Rytas reported on Tuesday, informs LETA/BNS.
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.
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.
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.
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.
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
Vadims Vlasovs has been elected board chairman of Latvia’s Balticovo egg and egg products producer, writes LETA.
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.