Baltic Export

International Internet Magazine. Baltic States news & analytics Friday, 20.07.2018, 00:10

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Olainfarm pharmaceutical group raises sales 5% in H1

Olainfarm pharmaceutical group raises sales 5% in H1

19.07.2018

During the first half of 2018 Latvia’s Olainfarm medicines producer raised sales by 5% against the same period a year ago to EUR 61.887 mln, according to preliminary figures released by the company.

Keyword tags: Baltic Export, Good for Business, Latvia, Medicine



Lithuanian companies get green light to export meat to Hong Kong

Lithuanian companies get green light to export meat to Hong Kong

19.07.2018

Ten Lithuanian meat processing companies have been given the green light for exporting chilled and frozen beef and pork and beef and pork products, reported LETA/BNS.

Latvian companies are offered new export opportunities in Japan

Latvian companies are offered new export opportunities in Japan

18.07.2018

The EU-Japan Summit yesterday 2018 saw the signing of the Economic Partnership Agreement (EPA) between the EU and Japan, which is the biggest ever bilateral trade partnership negotiated by the European Union, covering nearly a third of global GDP, the Latvian Foreign Ministry points out citing LETA.


Wood processing company Timberex Group reports 9.1% increase in turnover in 2017

Wood processing company Timberex Group reports 9.1% increase in turnover in 2017

13.07.2018

Wood processing company Timberex Group achieved EUR 20.621 mln in turnover last year, a 9.1% increase on 2016, while the company's profit decreased 18 % to EUR 122,531, according to Firmas.lv reported LETA.

Lithuanian govt approves extra contribution to RB Rail capital

Lithuanian govt approves extra contribution to RB Rail capital

11.07.2018

Lithuania is set to make an additional contribution to the capital of RB Rail, a joint venture established by the three Baltic countries for the implementation of the European-standard gauge railway project Rail Baltica, informs LETA/BNS.


09.07.2018

Revenue of Taxify grows 6-fold in 2017

Revenue of the Estonian ride-sharing service Taxify in 2017 increased six times compared to 2016, totaling 18 million euros, while the company's net loss totaled 11 million euros, informs LETA/BNS.

06.07.2018

Orkla Foods Latvija raises exports by 32% in H1

Orkla Foods Latvija, the owner of Spilva and Gutta food and beverage brands, increased export volumes by 32% in the first half of 2018 against the same period last year, the company’s marketing head Raitis Avots told LETA.

05.07.2018

Latvia raises exports of forestry products by 9.5% in 4 months

In the first four months of the year 2018, Latvia exported EUR 811.31 million worth of forestry products, up 9.5% against the same period last year, writes LETA, according to information released by the Agriculture Ministry.

29.06.2018

In Q1, the surplus of balance of services amounted to 7.8% of GDP in Lithuania

The Bank of Lithuania and Statistics Lithuania announce that in I quarter 2018, exports of services amounted to EUR 2.0 billion, imports – EUR 1.3 billion. The surplus of balance of services amounted to EUR 773.8 million, or 7.8% of GDP, and against I quarter 2017 increased by EUR 179.6 million, or 30.2%.

29.06.2018

Revenue of Nortal grows 11% in 2017

The consolidated sales revenue of the software and technology company Nortal in 2017 rose 11% on year to 48.3 million euros, while earnings before interest, tax, depreciation and amortization (EBITDA) rose 2% to 5.3 million euros, informs LETA/BNS.

28.06.2018

Enterprise Estonia to focus on export, foreign investments, tourism

Enterprise Estonia (EAS) in the next five years will focus on three main directions -- export, foreign investments coming to Estonia and increasing tourism income, Minister of Entrepreneurship and Information Technology Urve Palo said at the government's press conference on June 28th, cites LETA/BNS.

26.06.2018

Grindex completes acquisition of Slovakia's HBM Pharma

Latvian pharmaceutical group Grindex has completed the acquisition of Slovakia's HBM Pharma s.r.o., writes LETA, according to the Latvian company's announcement to Nasdaq Riga.

25.06.2018

In 2017, exports increased by 16.8%, imports – 15.5% in Lithuania

Statistics Lithuania informs that, based on final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in 2017 amounted to EUR 26.41 billion, imports – EUR 28.52 billion. Exports of goods of Lithuanian origin amounted to EUR 15.69 billion. The foreign trade deficit of Lithuania amounted to EUR 2.11 billion.

22.06.2018

LiTak-Tak fails to get exports license following SSD info

LiTak-Tak, a Lithuanian producer of air traffic control systems and radars, has failed to get an exports license due to information provided by the country's State Security Department, writes LETA/BNS.

21.06.2018

Dobeles Dzirnavnieks registered 27% increase in turnover in 2017

Latvia's largest grain mill Dobeles Dzirnavnieks operated with EUR 113.7 million in turnover in 2017, which was 27% more than the previous year, the company informed LETA.

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