International Internet Magazine. Baltic States news & analytics
Monday, 26.01.2015, 12:24
In order to discuss cooperation in the agricultural sector, Agriculture Minister Janis Duklavs (Greens/Farmers) met with the Tajikistani Ambassador to Latvia Kozidavlat Koimdodov, reports LETA.
Keyword tags: Agriculture, Baltic Export, Baltic States – CIS, Latvia, Markets and Companies
Estonian dairy producers are ready to sell 25% of their cheese production in Japan, Estonian Dairy Union Board chairman Janus Murakas said, while accompanying Estonian Foreign Trade and Entrepreneurship Minister Anne Sulling during the latter's visit in Japan, reports LETA, referring to the ministry's press department.
Qatar could become an important export market for Latvian farmers and food producers, Latvian President Andris Berzins said during a meeting with Qatari Foreign Minister Khalid bin Mohammad Al Attiyah in Riga today, cites LETA.
In November 2014, compared to October, the prices of exported goods in Lithuania decreased by 1%, while the prices of imported goods went down by 1.8%, reports LETA/ELTA.
Swedbank analysed in January 2015 what the effects the fall of the rouble exchange rate, sanctions against Russia and the global oil price decline have had on companies operating in Estonia and found that the impact was smaller than expected, LETA/Postimees Online reports.
Latvian grain processing company Rigas dzirnavnieks has launched exports to China; the very first shipment will go to Hong Kong, the company informed LETA.
After the European Central Bank (ECB) decided to turn on the euro printing machine, bank DNB analysts say that even extended quantitative easing (QE) will not directly solve problems of the euro area as the roots of slow economic development lie within the loss of competitiveness, informs LETA/ELTA.
Estonian Foreign Trade and Entrepreneurship Minister Anne Sulling, together with chairman of the board of dairy producer E-Piim and Estonian Dairy Union Jaanus Murakas met on Tuesday with the food sector leaders of the Japanese Marubeni Corporation, hoping to reach an agreement on Estonian dairy exports, LETA/Postimees Online reports.
According to preliminary figures for 2014, consolidated turnover of the joint-stock pharmaceutical company Olainfarm from Latvia amounted to EUR 93.79 million last year, which is 19% more than in 2013, informs LETA.
Latvia's exports in the first ten months of the 2014 increased by 1% when compared with the same period of the previous year, according to Eurostat, cites LETA.
New types of medication will eventually be produced that will be a boon to expansion of the export market – this is the expected result of the opening of Olainfarm’s new plant in Latvia in 2015.
Estonian food industry PRFoods announced that its sales increased in 2014, but in the fourth quarter, sales from continuing operations were lower than in 2013, informs LETA.
On Monday, January 12, Prime Minister Laimdota Straujuma held a meeting with a high-level delegation of the city of Shanghai (China) and entrepreneurs, reports BC press secretary to the Prime Minister Aiva Rozenberga.
According to Statistics Estonia, in November 2014, exports of goods decreased by 1% and imports by 3% at current prices compared to November 2013. The decrease in exports was mostly influenced by the reduced exports of agricultural products and food preparations and mechanical appliances to Russia.
Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in November 2014 amounted to EUR 2.2 billion (LTL 7.5 billion), imports – EUR 2.5 billion (LTL 8.7 billion).