International Internet Magazine. Baltic States news & analytics
Tuesday, 31.05.2016, 10:49
Latvian vertical wind tunnel operator Aerodium in cooperation with Chinese investors has opened an indoor skydiving center, Flying Dream, in Dengfeng, China, near the famous Shaolin Monastery, the company announced LETA.
Keyword tags: Baltic Export, China, Good for Business, Investments, Latvia, Technology
The turnover of Latvian pharmaceutical group Grindex in the first quarter of the year 2016 was EUR 20.8 million, down 7.2% from the same period in 2015, reports LETA, according to the unaudited consolidated financial statements for the first three months of 2016 that the company submitted to Nasdaq Riga stock exchange.
The Lithuanian and Algerian authorities are finalizing veterinary certificates for Lithuanian meat product exports to the North African country, the daily Lietuvos Zinios reported on Friday, cites LETA/BNS.
Latvian wooden furniture export continued to decrease in the first quarter of 2016, when wooden furniture worth EUR 32.8 million was exported from Latvia – down from EUR 34.1 million exported in the first quarter of 2015, informs LETA.
Latvian pharmaceutical company Olainfarm plans that sales of Tonus Elast, the producer of elastic medical appliances Olainfarm has just acquired, will grow by 23% to EUR 9 million, Olainfarm board member Salvis Lapins reported LETA.
Many non-tariff barriers still exist in the sanitary and phytosanitary sectors, the removal and reduction of which, without relaxing quality requirements, would simplify exports to the United States for the EU's food producers, experts said during a discussion on negotiations on the Transatlantic Trade and Investment Partnership (TTIP) agreement between the EU and the U.S.A., informs LETA.
Latvia’s forest industry exports continued moderate growth in the first quarter of this year, reaching EUR 537.527 million at the end of March, up 6.9% from the respective period in 2015, the Latvian Agriculture Ministry informed LETA.
Consolidates sales of Daugavpils Lokomotivju Remonta Rupnica (DLRR), the train engine repair group based in the south-eastern Latvian city of Daugavpils, shrank 37% in the first quarter of 2016 to EUR 2.3 million, the company said in a statement to the Nasdaq Riga stock exchange, cites LETA.
Latvian pharmaceutical company Rigas Farmaceitiska Fabrika (Riga pharmaceutical plant, Rigas FF) plans to increase its 2016 turnover by 10% by focusing on exports, informs LETA, according to the company’s management report for 2015.
Joint-stock dairy company Food Union is currently constructing two production plants in China. It is planned that the company will begin production in China in 2018, the vice-president of Food Union's strategy and business development Normunds Stanevics said during a discussion session organized today by the Bank of Latvia, informs LETA.
Pieno Zvaigzdes, one of Lithuania's largest dairy producers, is gradually raising exports volumes to countries outside the European Union (EU), Verslo Zinios business daily said, cites LETA/BNS.
Data compiled by the Central Statistical Bureau (CSB) show that compared to March, in April 2016 the level of producer prices in the Latvian industry decreased by 0.1%. The level of prices of both – products sold on the domestic market, as well as of exported products decreased by 0.1%.
Latvia's largest timber processing concern Latvijas Finieris last year generated EUR 196.5 million in sales, compared to EUR 194.1 million a year ago, the company's council chairman Uldis Bikis told LETA.
Latvian poultry farm Putnu Fabrika Kekava (Kekava) plans to raise exports by at least 10% annually, CEO Andrius Prankevicius said LETA.
Latvian poultry farm Putnu Fabrika Kekava (Kekava) is set to invest EUR 7.4 million in production upgrades and expansion of its product portfolio in 2016, the company’s CEO Andrius Prankevicius informed LETA.