International Internet Magazine. Baltic States news & analytics
Saturday, 23.07.2016, 16:06
Eesti Energia expects to start retail sales of electric energy on the Polish retail market in 2017, an executive said after Finance Minister Sven Sester had endorsed the establishment of a subsidiary of the state-owned Estonian energy group in Poland, informs LETA/BNS.
Keyword tags: Baltic Export, Energy Market, Estonia, EU – Baltic States, Export, Good for Business
Dairy Board, which two years ago under the name of Sigilo KV bought insolvent dairy company Bauskas Piens and with Russian investors’ help started building a plant last year, is now planning on investing EUR 18 mln in development in the next three years, informs LETA.
Prime Minister Algirdas Butkevicius told Chinese officials on Thursday that, in addition to milk and beef, Lithuania also wants to export grain to China, informs LETA/BNS.
Lithuania's confectionery and pet food manufacturer Mars Lietuva, which is part of the international food industry giant Mars, last year saw its net profit drop to 7.937 mln euros, down 16.7% from 9.532 mln euros in 2014, reports LETA/BNS
Vadims Vlasovs has been elected board chairman of Latvia’s Balticovo egg and egg products producer, writes LETA.
The Estonian car safety equipment manufacturer Norma, a holding of the Swedish Autoliv, increased sales by 7% to 68.7 million euros in 2015 and its profit by 2.3-fold to 4.2 million euros, it can be seen from the company's annual report, cites LETA/BNS.
Latvian Madara Cosmetics eco-cosmetics producer last year increased its turnover 30% and its profit grew 19% year-on-year, informs LETA, according to Firmas.lv.
Lithuania’s frozen fish and other product distributor Viciunai ir Ko is targeting sales of 129 million euros in 2016 after posting a 1.5% rise in revenue to 114.443 million euros for 2015, up from 112.773 million euros in 2014, informs LETA/BNS.
There were 807.29 million cigarettes exported from Latvia to other countries in January-April 2016, which is a 41.63% rise from the same period in 2015, informs LETA, according to the information about excised goods released by the Latvian State Revenue Service.
Axis Industries, a Lithuanian industrial and energy project group, in 2015 saw its consolidated net profit grow by 49.1% to 10.28 million euros, from 6.896 million euros in 2014, informs LETA/BNS.
In the first four months of the year 2016, the value of Latvia’s wooden furniture export dropped by 6.3% against a year before to EUR 45.53 million, making up 6.3% of total forestry industry exports, informs LETA, according to the data provided by the Forest Department of the Latvian Agriculture Ministry.
Sales revenue of the Estonian industrial group BLRT Grupp fell by 14% to 353 million euros, EBITDA plummeted 75.9% to 8.5 million euros, and net profit shrank 34% to 6.8 million euros in 2015, informs LETA/BNS.
The Estonian producer of modular houses Akso-Haus has exported to Germany more than 60 buildings intended for refugees, expanding significantly production and hiring 40 additional staff for this, informs LETA/BNS.
The export of services exceeded import in the first quarter of 2016 in almost all Estonian counties with the exception of the Hiiu and Polva counties, data of Statistics Estonia show, cites LETA/BNS.
Latvian pharmaceutical group Olainfarm generated EUR 44.14 million in turnover in the first five months of 2016, which is 1% more than during the same period in 2015, informs LETA, according to the financial statements submitted to the Nasdaq Riga stock exchange.