International Internet Magazine. Baltic States news & analytics
Wednesday, 07.10.2015, 07:13
The Baltic Assembly's (BA) Economics, Energy and Innovations Committee and the Natural Resources and Environment Committee have convened in Kaunas. The first topic of the meeting was the impact of Russia's embargo on the economics of the Baltic States, writes LETA/ELTA.
Keyword tags: Baltic Export, Baltic States – CIS, EU – Baltic States, Forum, Lithuania, Markets and Companies
Representatives of the Latvian Chamber of Commerce and Industry (LCCI) have gone to the United States to meet with business owners in New York and discuss cooperation, investment prospects, and export opportunities, informs LETA, according to LCCI.
Pursuing its vision to become recognised in Europe, for the last couple of years the companies of AB Grigiskes group concentrated on growing export turnovers. During the first half of the year 2015 the company's overall export turnover of tissue paper and packaging products increased by more than a fifth, i.e. 22%, and even by 63% since 2013, reports LETA/ELTA.
In July 2015, compared with June 2015, prices of exported goods in Lithuania decreased by 1.4%, while prices of imported goods decreased by 1.3%, reports LETA/ELTA.
A delegation of experts from the Russian Federation and the Republic of Belarus visited Lithuania last week. They assessed cold stores and fish processing establishments, which export their production to the countries of the Eurasian Economic Union, Lithuania's State Food and Veterinary Service (VMVT) reports LETA/ELTA.
In 2014, the beverage manufacturer – Cido grupa, increased its turnover by 1% to EUR 55.93 million, according to information from Firmas.lv. Meanwhile, the company posted a four-fold reduction in profit – from EUR 2.42 in 2013, to EUR 581,334 last year, reports LETA.
Director of Lithuania's State Food and Veterinary Service (VMVT) Dr Jonas Milius has had a meeting with Agricultural Attache of the United States of America Russell Nicely and accompanying officers of the USA Embassies to Lithuania and Poland, the VMVT reports BC.
Four Chinese inspectors inspected the Estonian milk processing companies last week and their initial feedback was positive, said the Estonian Veterinary and Food Board Head Ago Pärtel, LETA/Postimees Online reports.
According to Statistics Estonia, Estonia was self-sufficient with milk and grain in 2014 but had a shortage of vegetables, especially fruits, LETA/Public Broadcasting reports.
The Latvijas balzams (LB) beverages Riga Black Balsam Element and the coffee liqueur Moka have received double gold medals at one of the most prestigious beverage industry competitions, the China Wine & Spirits Awards 2015 (CWSA 2015), informed BC head of communications for JSC Latvijas balzams and Amber Beverage Group Dana Hasana.
According to Statistics Estonia, in July 2015, exports of goods decreased by 6% and imports by 4% compared to July of the previous year. The decrease in exports and imports was mostly influenced by a fall in the trade of electrical equipment and mineral products.
The American Chamber of Commerce (AmCham), which has been operating in Vilnius for 22 years now and which represents over 100 different business companies from the USA, will help Lithuanian companies to prepare their homework for the successful exportation of meat and meat products to the USA, informs LETA/ELTA.
Provisional data of the Central Statistical Bureau (CSB) show that in July 2015 compared to June exports value of goods at current prices grew by 5.0% and imports value of goods – by 6.1%. In July, Latvia exported goods in the amount of 851.3 mln euros, but imported – in the amount of 1 103.7 mln euros.
A tin of sprats, produced by Gamma-A, is currently on its way to Peking to be sold on one of the largest Chinese online stores in mid-October 2015, reports LETA, according to Sino Business Links Latvia co-owner Janis Arbidans.
The leading dairy producer in Latvia Food Union announces the launch of Ekselence ice cream pop-up store in Shanghai, China, in the most premium department store New World Dai Maru, which is visited by around 100 thousand visitors every day. From this day on Latvian ice cream is available in China. Food Union becomes the first Baltic dairy producer to enter China market, reports the company.