Baltic Export

International Internet Magazine. Baltic States news & analytics Wednesday, 26.11.2014, 11:56

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Economy Ministry of Latvia: transport industry could suffer EUR 1 bln losses

Economy Ministry of Latvia: transport industry could suffer EUR 1 bln losses

26.11.2014

The transport industry's losses could amount to EUR 1 billion if Latvian-Russian relations become worse, the Economy Ministry of Latvia informed the government yesterday, cites LETA.

Keyword tags: Baltic Export, Baltic States – CIS, Economics, Latvia, Markets and Companies, Transport



Belarus wants to buy Estonian milk

Belarus wants to buy Estonian milk

24.11.2014

Estonian Agriculture Minister Ivari Padar is on a four-day visit to Belarus, accompanied by a business delegation, to discuss cooperation possibilities, LETA/Public Broadcasting reports.

Latvian forest industry's export increased by 11.3% in 9 months

Latvian forest industry's export increased by 11.3% in 9 months

21.11.2014

During the first nine months of 2014, Latvian forest industry's export increased by 11.3%, reaching EUR 1.53 billion, compared to EUR 1.38 billion in the same period in 2013, reports LETA, referring to data provided by the Forest Department of the Ministry of Agriculture.


Fish cannery Piejura re-directing exports from Russia to Europe and U.S.

Fish cannery Piejura re-directing exports from Russia to Europe and U.S.

21.11.2014

Latvian fish cannery Piejura, which operates from the coastal village of Nica, has begun to re-direct its exports from Russia to European and the United States in wake of the Russian food embargo, the company's spokesman Maris Daude informed LETA.

Exports of goods increases, but imports of goods – decreases in Latvia in 9 months

Exports of goods increases, but imports of goods – decreases in Latvia in 9 months

19.11.2014

The provisional data of the Central Statistical Bureau (CSB) show that in the first nine months of 2014 the volume of goods exported at current prices, as compared to the nine months of the previous year, increased by EUR 144.1 mln or 2.0%, but volume of imports reduced by EUR 103.2 mln or 1.1%.

19.11.2014

Fazer begins constructing its new factory in Latvian Ogre

The famous Finnish bakery Fazer has begun constructing its new factory in Ogre, investing EUR 5 million in the project and introducing frozen bread products to export markets, Managing Director at Fazer Bakery Baltic, Mindaugas Snarskis informed LETA.

13.11.2014

Lithuania's export leaders program Wings becomes No.1 in the world

Delegation from the Lithuanian public company Versli Lietuva (Enterprise Lithuania) returned from the 10th annual Trade Promotion Organization (TPO) Network World Conference with the first place award which was granted for the export leaders program Wings, reports LETA/ELTA, referring to Lietuva.lt.

12.11.2014

Estonian Silvano increased profit in Q3

Estonian women's lingerie producer Silvano Fashion Group announced on Tuesday of increased third quarter profit but warned that the concern's outlook has deteriorated in mist of the concern's main markets, informs LETA.

11.11.2014

In September, exports value of goods grew by 12.7%, but imports value – by 15.2% in Latvia

Provisional data of the Central Statistical Bureau (CSB) show that in September 2014 compared to previous month exports value of goods at current prices grew by 12.7%, but imports value of goods – by 15.2%.

10.11.2014

The foreign trade turnover in September was the biggest this year so far in Estonia

According to Statistics Estonia, in September 2014, exports of goods increased by 7% and imports by 9% at current prices compared to September of the previous year. The increase in exports and imports was mostly influenced by the trade of electrical equipment and raw materials and products of chemical industry.

10.11.2014

In January–September, exports and imports decreased by 1.5% and 0.3% in Lithuania

Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in September 2014 amounted to LTL 7.8 billion (EUR 2.3 billion), imports – LTL 8.2 billion (EUR 2.4 billion). Exports of goods of Lithuanian origin amounted to LTL 4.4 billion (EUR 1.3 billion).

28.10.2014

Hanzas Elektronika increases employment at factories in Ogre, Ventspils

The high-tech and intellectual technology manufacturer SIA Hanzas Elektronika has received EUR 4.7 million from Citadele Bank for refinancing purposes, as well as a loan of EUR 1.5 million to develop the company. This will allow Hanzas Elektronika to increase job numbers at its manufacturing facilities in Ogre and Ventspils, as well as to open a new engineering centre in Mārupe, reported BC head of corporate communications at Citadele Baiba Ābelniece.

28.10.2014

In Latvia, forest industry exports grew by 11.3% in 8 months

During the first eight months of 2014, Latvian forest industry's export increased by 11.3%, reaching EUR 1.359 billion, compared to EUR 1.221 billion in the same period in 2013, according to data provided by the Forest Department of the Ministry of Agriculture.

28.10.2014

Number of companies exporting food or agricultural products to Russia reduced in Latvia

In the first six months of the year, compared to the same period last year, there has been a reduction in the number of Latvian companies exporting their food or agricultural products to Russia, according to a report released by the Economy Ministry on the consequences of the Russian sanctions, informs LETA/Nozare.lv.

24.10.2014

Turkey could import more Latvian-made food products

During a meeting with Agriculture Minister Janis Duklavs (Greens/Farmers) yesterday, Turkish Agriculture Minister Mehmet Mehdi Eker said that Turkey could import more Latvian-made food products most affected by the Russian food embargo, informs LETA/Nozare.lv.

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