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Friday, 25.04.2014, 02:52
In comparison with 2012, Information and Communications Technology (ICT) services export from Latvia grew by one-fifth in 2013, Signe Balina, president of Latvian Information and Communications Technology Association, informed LETA.
Keyword tags: Baltic Export, Good for Business, Internet, Latvia, Technology, Telecomunications
Joint-stock Valmieras stikla skiedra (Valmiera Fiberglass, VSS) is planning to broaden the Valmiera Glass Group by establishing a new subsidiary called Valmiera Glass USA Corp in the United States, according to the company's announcement at the Riga Stock Exchange, cites LETA/Nozare.lv.
Latvia's exports in January 2014 reduced by 3% when compared with the same month last year, which is the third smallest reduction in the EU, according to Eurostat.
Heads of state are not panicking because of sanctions imposed by Russia against Lithuania's businesses. According to President Dalia Grybauskaite and Prime Minister Algirdas Butkevicius, Russia itself will feel the negative effect of such step, informs LETA/ELTA.
Estonian producers of alcoholic drinks follow plans of Finnish parliament to limit the volume of alcohol, produced in the European Union (EU) and brought to Finland, which might influence Estonian producers, the Estonian national broadcasting ERR reports referring to the local press.
Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in February 2014 amounted to LTL 6.2 billion, imports – LTL 6.5 billion. Exports of goods of Lithuanian origin amounted to LTL 3.6 billion. Exports increased by 5.9% and imports by 1.4%.
Importation of softwood logs to Sweden reached a 10-year high in 2013 with Norway and Latvia being the major suppliers of both pulplogs and sawlogs, reports the Wood Resource Quarterly.
The fruit and vegetable processing company Spilva achieved EUR 19.23 million in turnover last year, which was 4.9% more compared with the previous year, when the company looked at EUR 18.34 million in turnover, the company's financial director, Toms Didrihsons, informed the business information portal Nozare.lv, cites LETA.
Provisional data of the Central Statistical Bureau show that in February 2014 compared to previous month exports value of goods at current prices grew by 7.9%, but imports value of goods – by 2.8%. In February Latvia exported goods in amount of 797.1 mln euros, but imported – in amount of 942.9 mln euros.
In order to avoid insolvency following a steep decline in sales on the Russian market, Roja fish cannery Tin Fish, which had started building a new processing facility in Pavilosta, has applied for a legal protection process to commence at the company, as Tin Fish Director Janis Kohs confirmed to the Nozare.lv business portal.
The European Union launched a case against Russia at the World Trade Organization (WTO) on Tuesday, over a ban imposed on all EU pork imports after cases of African swine fever were detected in the bloc, the DPA news agency reports, cites LETA.
As Russia imposes restrictions on pork import, Lithuania is looking for potential markets for its production in the rest part of the world, informs LETA/ELTA.
Bans of pork imports to Russia, as well as earlier embargo on milk products, checks introduced against Lithuanian carriers, are of a kind of political pressure, says Nerijus Udrenas, Chief Advisor on economy and social policy to President Dalia Grybauskaite at an interview with Ziniu Radijas radio, cites LETA/ELTA.
Estonian food industry concern AS Premia Foods informed the Tallinn stock exchange that its unaudited consolidated turnover in the first quarter of 2014 increased, if compared to the first quarter of 2013, by 12.0%, i.e. 2.2 million euro, reaching 20.5 million euro, informs LETA.
Continuing development of innovative products, Latvijas Balzams has launched a new brand – sparkling alcoholic beverage "Cosmopolitan Diva", which is pro-duced using the unique technology of gold-filtration for the first time. In total 22 thousand euros were invested in the development of the new product, consumers’ research and creation of website.