International Internet Magazine. Baltic States news & analytics
Sunday, 29.03.2015, 12:20
The Lithuanian Government managed to find additional funding to facilitate the search of new export markets and business partners, informs LETA/ELTA.
Keyword tags: Baltic Export, Financial Services, Good for Business, Legislation, Lithuania, Markets and Companies
The total turnover of 18 members of the Latvian Association of Building Material Producers reached EUR 551.65 million in 2014, reports LETA, according to the association's information.
Publicly available data on 2014 year's results prove that dairy crisis due to the embargo imposed by Russia was not as severe. For example, dairy Vilkyskiu Pienine earned a profit of EUR 3.2 million, Pieno Zvaigzdes – EUR 4.9 million, Zemaitijos Pienas – EUR 2.58 million, Rokiskio Suris – EUR 0.38 million, reports LETA/ELTA, referring to Vakaro zinios.
Latvia's exports in January 2015, compared to January 2014, increased by 2%, according to Eurostat. Meanwhile, Estonia saw a 1% increase in exports in January, while Lithuania registered a drop of 9%, reports LETA.
The joint-stock dairy companies Rigas piena kombinats (RPK) and Valmieras piens, which both are part of Food Union Group, have received China's HACCP food safety certificates authorizing them to begin exports to China as soon as the relevant permission is received from the Food and Veterinary Service of Latvia and the Chinese authorities, cites LETA.
The Lithuanian weekly Veidas for the fifteenth time elected Manager of the Year. In 2015, the award went to Andrius Rupsys, head of the company Ruptela UAB, informs LETA/ELTA.
Provisional data of the Central Statistical Bureau (CSB) show that in January 2015 compared to previous month exports value of goods at current prices reduced by 3.0%, and imports value of goods – by 14.2%. In January, Latvia exported goods in amount of 786.2 mln euros, but imported – in amount of 914.7 mln euros.
The leading Baltic private equity and venture capital investment management company BaltCap has agreed on an additional EUR 1.0 million investment with its portfolio company, one of the most successful Latvian cosmetics producers and franchise developers, STENDERS.
The consolidated sales of the Lithuanian dairy company Vilkyskiu Pienine for February 2015 amounted to EUR 6.2 million – a 42% decrease comparing to February 2014, writes LETA/ELTA.
According to Statistics Estonia, in January 2015, exports from Estonia amounted to 920 million euros and imports to Estonia to 963 million euros at current prices. The previous time that imports were below a billion euros was in December 2011.
On 5 March 2015, Lithuanian Embassy to Japan organised a presentation of Lithuanian agricultural exporters' products to partners in Japan. Nine Lithuanian companies travelled to Japan to participate in the FOODEX 2015 exhibition with a separate stand for the first time, informs LETA/ELTA.
Doors of the Bosnia and Herzegovina market have been opened to Lithuanian beef and its products, reports LETA/ELTA, referring to the Lithuanian Government.
Exports of Estonian goods and services grew faster in 2000-2013 than global exports as a whole in both current and constant prices, meaning that Estonian exports managed to gain market share during those years, Estonia's central bank Eesti Pank said in its fresh competitiveness report, cites LETA.
Based on preliminary unaudited results dairy company AB Pieno Zvaigzdes sales over whole year 2014 accounted to LTL 827.3 million (EUR 239.6 million) or 8.9% higher compare with sales a year ago, writes LETA/ELTA.
In 2014, Vilkyskiu Pienine Group reported sales of LTL 379 million (EUR 110 million), a 4% rise from 2013, the company announced, cites LETA/ELTA.