International Internet Magazine. Baltic States news & analytics
Monday, 24.11.2014, 04:31
During the first nine months of 2014, Latvian forest industry's export increased by 11.3%, reaching EUR 1.53 billion, compared to EUR 1.38 billion in the same period in 2013, reports LETA, referring to data provided by the Forest Department of the Ministry of Agriculture.
Keyword tags: Baltic Export, Good for Business, Latvia, Markets and Companies, Woodwork
Latvian fish cannery Piejura, which operates from the coastal village of Nica, has begun to re-direct its exports from Russia to European and the United States in wake of the Russian food embargo, the company's spokesman Maris Daude informed LETA.
The provisional data of the Central Statistical Bureau (CSB) show that in the first nine months of 2014 the volume of goods exported at current prices, as compared to the nine months of the previous year, increased by EUR 144.1 mln or 2.0%, but volume of imports reduced by EUR 103.2 mln or 1.1%.
The famous Finnish bakery Fazer has begun constructing its new factory in Ogre, investing EUR 5 million in the project and introducing frozen bread products to export markets, Managing Director at Fazer Bakery Baltic, Mindaugas Snarskis informed LETA.
Delegation from the Lithuanian public company Versli Lietuva (Enterprise Lithuania) returned from the 10th annual Trade Promotion Organization (TPO) Network World Conference with the first place award which was granted for the export leaders program Wings, reports LETA/ELTA, referring to Lietuva.lt.
Estonian women's lingerie producer Silvano Fashion Group announced on Tuesday of increased third quarter profit but warned that the concern's outlook has deteriorated in mist of the concern's main markets, informs LETA.
Provisional data of the Central Statistical Bureau (CSB) show that in September 2014 compared to previous month exports value of goods at current prices grew by 12.7%, but imports value of goods – by 15.2%.
According to Statistics Estonia, in September 2014, exports of goods increased by 7% and imports by 9% at current prices compared to September of the previous year. The increase in exports and imports was mostly influenced by the trade of electrical equipment and raw materials and products of chemical industry.
Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in September 2014 amounted to LTL 7.8 billion (EUR 2.3 billion), imports – LTL 8.2 billion (EUR 2.4 billion). Exports of goods of Lithuanian origin amounted to LTL 4.4 billion (EUR 1.3 billion).
The high-tech and intellectual technology manufacturer SIA Hanzas Elektronika has received EUR 4.7 million from Citadele Bank for refinancing purposes, as well as a loan of EUR 1.5 million to develop the company. This will allow Hanzas Elektronika to increase job numbers at its manufacturing facilities in Ogre and Ventspils, as well as to open a new engineering centre in Mārupe, reported BC head of corporate communications at Citadele Baiba Ābelniece.
During the first eight months of 2014, Latvian forest industry's export increased by 11.3%, reaching EUR 1.359 billion, compared to EUR 1.221 billion in the same period in 2013, according to data provided by the Forest Department of the Ministry of Agriculture.
In the first six months of the year, compared to the same period last year, there has been a reduction in the number of Latvian companies exporting their food or agricultural products to Russia, according to a report released by the Economy Ministry on the consequences of the Russian sanctions, informs LETA/Nozare.lv.
During a meeting with Agriculture Minister Janis Duklavs (Greens/Farmers) yesterday, Turkish Agriculture Minister Mehmet Mehdi Eker said that Turkey could import more Latvian-made food products most affected by the Russian food embargo, informs LETA/Nozare.lv.
Lingerie manufacturer in Latvia and the other Baltic States, the public limited company New Rosme (along with partners) at the beginning of this month opened its first store in Iraq, the spokesperson for the company, Sigita Graudusa, told Nozare.lv, cites LETA.
In his meeting with Lithuanian economic diplomats and representatives of Enterprise Lithuania (Versli Lietiva), Lithuania's Minister of Economy Evaldas Gustas presented the challenges posed to Lithuania by the Russian embargo and urged them not to give in in their search for new export markets for Lithuania's produce, informs LETA/ELTA.