Baltic Export

International Internet Magazine. Baltic States news & analytics Monday, 21.09.2020, 22:31

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Kalceks pharmaceutical company manufactures products worth EUR 24.6 mln in H1

Kalceks pharmaceutical company manufactures products worth EUR 24.6 mln in H1

15.09.2020

Kalceks pharmaceutical company in the first six months of this year manufactured products worth EUR 24.6 million, which is by EUR 19.8 million or five times more year-on-year, LETA learned from the company.

Keyword tags: Baltic Export, EU – Baltic States, Good for Business, Latvia, Markets and Companies, Medicine



In July, foreign trade turnover in Latvia decreased by 3.5 % y-o-y

In July, foreign trade turnover in Latvia decreased by 3.5 % y-o-y

09.09.2020

Provisional data of the Central Statistical Bureau show that in July 2020 the foreign trade turnover of Latvia amounted to EUR 2.38 billion, which at current prices was 3.5 % less than a year ago, of which the exports value of goods dropped by 0.3 %, but imports value of goods – by 5.9 %. In July Latvia exported goods in the amount of EUR 1.05 billion, but imported – in the amount of EUR 1.33 billion. Compared to July 2019, foreign trade balance has improved slightly as exports in total foreign trade amount increased from 42.7 % to 44.1 %.

New VMG production plant reflects good investment climate in Lithuania

New VMG production plant reflects good investment climate in Lithuania

04.09.2020

As Vakaru Medienos Grupe (VMG), one of the largest wood and furniture production plants in the Baltic states, opens a new production facility in the Akmene Free Economic Zone, Lithuanian Prime Minister Saulius Skvernelis says the presence of such a project in Lithuania reflect a good investment climate in the country, cites LETA/BNS.


Olainfarm reports EUR 66.369 mln in H1 turnover

Olainfarm reports EUR 66.369 mln in H1 turnover

31.08.2020

Olainfarm pharmaceutical group in the first half of this year generated EUR 66.369 million in turnover, down 0.1% year-on-year, while the concern's profit was EUR 10.017 million, down 18%, the company said in its statement to Nasdaq Riga, cites LETA.

Madara Cosmetics boosts turnover 47% in H1

Madara Cosmetics boosts turnover 47% in H1

27.08.2020

Latvian cosmetics group Madara Cosmetics turned over EUR 8.217 mln in the first half of this year, which is an increase of 47% against the respective period in 2019, while the group’s profit grew 2.2 times y-o-y to EUR 1.807 mln, according to preliminary data provided by the company to Nasdaq Riga, referred LETA.


26.08.2020

Balticovo plans to invest several millions in production development in 2020

Balticovo egg producer in Latvia plans to invest several millions of euros in production development, building the fourth free-range hen barn and starting to build a new production plant, said Balticovo communication and development director Toms Auskaps, cites LETA.

21.08.2020

Earnings of laminated wood maker Puit-Profiil more than double in 2019

AS Puit-Profiil, Estonian manufacturer of window and door component blanks from laminated timber, saw its revenue in 2019 climb 5.3 percent to 19.6 million euros while its net profit more than doubled to 1.3 million euros, reports LETA/BNS.

21.08.2020

HKScan Latvia meatpacker adds four more countries to its export markets

HKScan Latvia, the meatpacker making products under the Rigas Miesnieks, Rakvere and Jelgava brands, has increased the number of its export markets from eight to 12, the company's sales director Heino Lapins told LETA.

13.08.2020

Kaamos Timber sees profit decline, revenue growth in 2019

Estonian wood industry company Kaamos Timber, part of of the Kaamos Group, saw its 2019 sales revenue grow 7.1 percent on year to 32.7 million euros, whereas the company's net profit decreased 17.6 percent to 5.4 million euros, informs LETA/BNS.

12.08.2020

Punch Drinks seeking to raise up to EUR 400,000 through crowdfunding

Estonian alcoholic cocktail and soft drink producer Punch Drinks began a campaign on the Funderbeam crowdfunding platform on Wednesday, seeking to raise up to 400,000 euros, informs LETA/BNS.

10.08.2020

Exports in Estonia reached last year’s level in June 2020

According to Statistics Estonia, in June 2020, compared to June 2019, the exports of goods remained at the same level and imports decreased by 8%. In the second quarter of 2020, exports decreased by 15% and imports by 18% year on year.

07.08.2020

Lithuania's exports fell by 8.4%, imports down 14.2% in H1

Lithuania's exports contracted by 8.4 percent in January-June 2020 from a year earlier to 13.187 billion euros, and its imports shrank by 14.2 percent to 13.511 billion euros, the country's statistics office said on Friday, cites LETA/BNS.

04.08.2020

Exports by Aldaris brewery up 58% in H1

Aldaris brewery in the first half of this year saw its exports climb 58 percent from the respective period last year, said Edgars Berzins, the logistics director of Carlsberg Baltic, a Carlsberg group company to which also Aldaris belongs, informs LETA.

30.07.2020

Karavela fish cannery to invest around EUR 8 mln in expansion

Latvia's Karavela canned fish product maker plans to invest around EUR 8 million in expansion and upgrades, the company's marketing head Janis Endele told LETA.

15.07.2020

Milrem multiplies sales, cuts losses in 2019

Milrem AS, Estonian developer of unmanned ground vehicles (UGVs), saw its sales revenue surge from 772,000 euros in 2018 to roughly 4.2 million euros last year, while its 12-month loss contracted from 1.7 million to 1.1 million euros, it appears from the annual report, cites LETA/BNS.

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