International Internet Magazine. Baltic States news & analytics
Sunday, 19.04.2015, 02:34
Latvia's exports in the first two months of the year 2015, compared to the same period last year, reduced by 2%, according to Eurostat. Thus, Latvia registered one of the smallest reductions in exports in the EU, writes LETA.
Keyword tags: Analytics, Baltic Export, EU – Baltic States, Foreign trade
For the first time ever, the profit of Troja, a subsidiary of the Latvian plywood maker Latvijas Finieris, exceeded one million euros last year, reaching EUR 1.626 million, which is 8% more than in 2013, when the company earned EUR 951,986, reports LETA, according to information provided by Firmas.lv.
The Vika Wood Ltd. sawmill in Talsi Region in Latvia, owned by and Icelandic company, operated with EUR 59.13 million in turnover in 2014, which was 5.7% more when compared to the previous year, when the company posted EUR 55.98 million in turnover, according to information from Firmas.lv, cites LETA.
The unaudited consolidated turnover of Estonian PRFoods in the first quarter of 2015 increased, if compared to the first quarter of 2014, by 1.3%, or 0.1 million euros, the company informed the Tallinn Stock Exchange, cites LETA.
According to Statistics Estonia, in February 2015, exports of goods decreased by 7% and imports by 4% compared to February of the previous year. The decrease in exports and imports was mostly influenced by a fall in the trade of mineral products and mechanical appliances.
Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in February 2015 amounted to EUR 1.7 billion (LTL 6 billion), imports – EUR 1.9 billion (LTL 6.7 billion). Exports of goods of Lithuanian origin amounted to EUR 1 billion (LTL 3.4 billion). Over the month (February 2015, against January), exports increased by 11.4, imports – by 13.5%.
Provisional data of the Central Statistical Bureau (CSB) show that in February 2015 compared to January exports value of goods at current prices reduced by 2.0%, but imports value of goods – increased by 1.2%.
Minister of Foreign Affairs of Lithuania Linas Linkevicius, on an official visit to Brazil, in Brasilia, the federal capital of the country, on 7 April, met with Minister of External Relations Mauro Vieira and Deputy Minister of Development, Industry and Foreign Trade Ivan Ramalho, reported BC the MFA.
On April 7, 2015, the American Chamber of Commerce in Latvia (AmCham) sent a letter to the Prime Minister, Minister of Economics, Minister of Foreign Affairs, Chairman of Economic, Agricultural, Environmental and Regional Policy Committee of the Saeima and Chairman of the Foreign Affairs Committee of the Saeima calling to open a permanent economic representation office of Latvia in the US in the near future in order to strengthen and develop the bilateral economic relations between the two countries, reported BC executive director Liga Smildzina-Bertulsone.
The fruit and vegetable processing company Spilva earned EUR 1.39 million in 2014, a 21% increase on EUR 1.15 million the company earned in 2013, the company's director Lolita Bemhena informed LETA.
Estonian meat industries posted sales revenue of 310.3 million euros and profit of 16.8 million euros in 2014; the profit grew by over 55% in a year, it appears from the Ministry of Agriculture Estonian 2014 meat processing sector review, informs LETA.
On Friday, 3 April 2015, Lithuanian Prime Minister Algirdas Butkevicius visited Vilnius' apparel and textile companies Audejas and Lelija. The prime minister and representatives of apparel and textile sector discussed promotion of export, training of specialists and other relevant issues, informs LETA/ELTA.
Lithuanian fish product manufacturers have received great news – Brazil's market will open up for their production, reports LETA/ELTA.
63% of 150 largest Baltic companies' CEOs are expecting higher turnover in 2015, and 21% of them believe that turnover growth will be over 10%, according to a survey carried out by SEB banka, cites LETA.
Estonia's second-largest producer of alcohol Altia Eesti AS's net sales grew by nearly 15% in 2014, reaching 37.3 million euros, on which the company paid 17.4 million euros in excise duties, LETA/Delfi Ärileht reports.