Baltic Export

International Internet Magazine. Baltic States news & analytics Sunday, 23.07.2017, 01:45

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Uzavas Alus plans on investing EUR 2 mln in development

Uzavas Alus plans on investing EUR 2 mln in development

21.07.2017

The popular Latvian micro-brewery Uzavas Alus plans to invest EUR 2 million in development this year, the company's co-owner and lone board member Uldis Pumpurs told LETA.

Keyword tags: Alcohol, Baltic Export, Good for Business, Investments, Latvia, Markets and Companies



Consolidated sales of UPB holding grew by 36% in 2016

Consolidated sales of UPB holding grew by 36% in 2016

19.07.2017

In 2016, consolidated sales of Latvia’s UPB holding reached EUR 147 million, which is by 36% more than in 2015, according to Firmas.lv business database, cites LETA.

Olainfarm’s sales rose by 11% in H1

Olainfarm’s sales rose by 11% in H1

18.07.2017

In January-June 2017, Latvian medicines producer Olainfarm saw its preliminary consolidated sales rise 11% against the same period last year to EUR 59.16 million, informs LETA, according to the company’s announcement to Nasdaq Riga.


Latvian exports grew at EU's average rate in January-May

Latvian exports grew at EU's average rate in January-May

14.07.2017

During the first five months of the year 2017, Latvian exports grew at the EU’s average pace, according to the export growth data released by Eurostat on July 14th, informs LETA.

Sakret plant in Estonia increases sales by 11% in H1

Sakret plant in Estonia increases sales by 11% in H1

14.07.2017

Construction materials producer Sakret Holdings in its plant in Estonia increased sales by 11% in the first six months of the year 2017, the company reported LETA.


12.07.2017

Vika Wood sees 0.8% increase in turnover in 2016

The Latvian sawmill Vika Wood operated with EUR 59.651 million in turnover in 2016, which was 0.8% more than the previous year, while the company’s profit reached EUR 2.969 million in contrast to a loss a year ago, according to Firmas.lv business database, cites LETA.

11.07.2017

In May, foreign trade turnover in Latvia increased by 11%

Provisional data of the Central Statistical Bureau (CSB) show that in May 2017 Latvian foreign trade turnover amounted to EUR 2.08 bln, which was 11.0% higher than in May 2016 (at current prices), and the exports and imports values of goods were 9.2% and 12.5% higher, respectively.

10.07.2017

In May, trade intensified in Estonia

According to Statistics Estonia, in May 2017, the exports of goods increased by 15% and imports by 14% compared to May 2016. Trade growth was influenced the most by a significant increase in the exports and imports of mineral products.

10.07.2017

Lithuania's exports up 16.5%, imports 16.8% in January-May

Lithuania's exports stood at 10.35 billion euros in January-May 2017 and imports amounted to 11.522 billion euros, which is a respective growth by 16.5% and 16.8% year-on-year, Statistics Lithuania said on Monday, cites LETA/BNS.

10.07.2017

Net earnings of Estonian Uptime climb to EUR 732,000 in 2016

The consolidated revenue of the Estonian information technology company Uptime OU dropped 8% year over year in 2016 to 4.9 million euros whereas net profit moved up 9% to 732,000 euros, informs LETA/BNS.

05.07.2017

HKScan Estonia sees profit in 2016, but sales fall

Sales of the Estonian unit of the listed Nordic meat group HKScan, owner of the meat processing company Rakvere Lihakombinaat, fell 2.1 percent to 140.3 million euros last year, while the company's profit totaled 1.3 million euros, compared with the 366,000 euros of loss it produced a year before, informs LETA/BNS.

19.06.2017

Estonia's Taxify applying for operating license in London

The Estonian ridesharing service Taxify is planning to expand to London this year and the company is applying for a license to be able to operate in UK's capital, writes LETA/BNS.

15.06.2017

Latvian timber products are exported to more than 100 countries of the world

atvian timber products are being exported to more than 100 countries of the world, Kristaps Klauss, CEO of the Latvian Forest Industry Federation said LETA.

14.06.2017

Estonia's ice cream output declining year after year

The production of ice cream in Estonia has been on a downtrend since 2010, with output falling from 11,000 tons in that year to approximately 8,700 tons in 2016, reports LETA/BNS.

09.06.2017

Fazer Lithuania expands Kaunas bakery for EUR 1.7 mln

Fazer Lietuva, a Lithuanian bakery of Gardesis bread and confectionery trade owned by Finland's Fazer Bakeries, invested 1.7 mln euros in expansion and opened new bakery facilities in Lithuania's second city Kaunas on Friday writes LETA/BNS.

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