International Internet Magazine. Baltic States news & analytics
Wednesday, 20.08.2014, 11:45
In the first six months of 2014, Latvijas Finieris posted EUR 102 million in turnover, whereas the value of the company's exports was EUR 79 million, which is respectively 4% and 2% more than in the same period of 2013, the company's spokeswoman Jolanta Medne informed the business portal Nozare.lv, cites LETA.
Keyword tags: Baltic Export, Good for Business, Latvia, Markets and Companies, Woodwork
When Russia imposed import bans in the past, Lithuanian traders successfully diversified their sales, shows the analysis carried out by the State Tax Inspectorate (VMI). 2013-2014 first half results of companies trading with Russia were compared, reports LETA/ELTA.
Lithuania has recently actively developed relations with the United States. US Ambassador Deborah McCarthy met with Minister of Agriculture Virginija Baltraitiene and assured that Lithuanian products are highly valued. Thus, it is in the interest of the two countries to work together on opening the US market to Lithuania, reports LETA/ELTA.
The Government of Lithuania approved the action plan for 2014-2015 which was prepared by the Ministry of Economy. The action plan is aimed to diversify Lithuania's export and reduce Lithuanian companies' losses due to sanctions imposed by the Russian Government, reports LETA/ELTA.
Former prime ministers meet with Latvian president to explain necessity for EU level market intervention19.08.2014
During the meeting with Latvian President Andris Berzins, several former prime ministers explained him the necessity for implementing European Union (EU) level market intervention and export subsidies, the Presidential Press Service informed LETA.
The Ministry of Agriculture continues the active search of new markets for Lithuanian agricultural products. Lebanon and Serbia have opened their doors to Lithuanian meet, fisheries and dairy products, reports LETA/ELTA.
During the first half of 2014, Latvian forest industry's export increased by 10%, reaching EUR 1.06 billion, compared to EUR 912,307 million in the same period in 2013, according to data provided by the Forest Department of the Ministry of Agriculture, cites LETA/Nozare.lv.
Prior to the embargo of import of agricultural production introduced by the Russian Federation on 6 August, sales of Lithuania-based dairy company Zemaitijos Pienas to Russian market constituted about 18% of all sales of the company, informs LETA/ELTA.
In the first half of this year, Latvia exported goods in amount of 4.8 bln euros, but imported – in amount of 6.0 billion euros.
Latvian products should be exported to those Western European countries that have large communities of Latvian emigrants, Riga City Council Deputy Chairman Andris Ameriks (Honor to Serve Riga) said in an interview with the Latvian Television show "Rita panorama", reports LETA.
The Estonian Veterinary and Food Board director general Ago Pärtel on Thursday sent letters to Indonesia, Taiwan, Kenya and Tanzania asking for import requirements for Estonian dairy products, LETA/Postimees Online reports.
Among possible new export markets for Lithuanian production are Asia, Arab countries, says Lithuania's Minister of Foreign Affairs Linas Linkevicius, cites LETA/ELTA.
Members of the delegation of the Lithuanian Parliament that visited Iran see many unused cooperation opportunities, informs LETA/ELTA.
In order to help the Latvian entrepreneurs overcome the consequences of embargo on the import of goods imposed by the Russian Federation, the Cabinet of Ministers at its sitting held on August 12 decided on the state aid to enterprises affected by the sanctions, informed BC Elita Rubesa-Voravko from the public relations department at the Ministry of Economics.
Representatives of the agricultural sector in Lithuania support the plans of the Government to carry out intervention buying and claim that the interests of farmers, suppliers of raw materials, should be taken into consideration in the current situation, writes LETA.