International Internet Magazine. Baltic States news & analytics
Wednesday, 10.02.2016, 00:31
Provisional data compiled by the Central Statistical Bureau of Latvia (CSB) show that in 2015 foreign trade turnover at current prices in Latvia amounted to EUR 22 860.1 million – by EUR 42.9 million or 0.2% less as compared to 2014. Exports value increased by EUR 122.9 million or 1.2%, while imports value decreased by EUR or 165.8 million or 1.3%.
Keyword tags: Analytics, Baltic Export, Baltic States – CIS, EU – Baltic States, Foreign trade , Latvia
According to Statistics Estonia, in 2015, exports from Estonia amounted to 11.6 billion euros and imports to Estonia to 13.1 billion euros at current prices. Trade has been declining for the last three years but the biggest fall occurred in 2015.
With macroeconomic situation in Russia and other CIS countries getting worse, external environment was not favorable for Lithuania’s exporters in 2015. Even so, they continue to refocus successfully and gain a foothold in new Western markets, Economy Minister has said, cites LETA/BNS.
Latvia's seaside resort Jurmala in 2016 hopes to attract by 5% more tourists than last year, Jurmala city council spokeswoman Zane Leite told LETA.
EVR Cargo, the Estonian state owned rail freight haulage company, saw its operating volume in January 2016 drop by 27% year-on-year to 964,000 tons, reports LETA/BNS.
Ukraine, a member of Viking container shuttle train project, has launched a new Silk Road to China bypassing Russia and invites the Lithuanians to use this route for freight transportation to Asia. However, Lithuania is cautious about this idea, the Verslo Zinios business daily reports on Tuesday, cites LETA/BNS.
Estonia's Port of Tallinn is holding talks with several investors over building at the Paldiski South Port a refinery capable of processing 3-6 million tons of crude annually, informs LETA.
Insufficient measures are being taken in Ukraine to eradicate corruption, Lithuanian Minister of Foreign Affairs Linas Linkevicius says after Ukraine's Lithuanian-born Minister of Economic Development and Trade Aivaras Abromavicius resigned, informs LETA/BNS.
The Russian producer of organic cosmetics Pervoye Reshenie has opened a plant in Estonia through which it hopes to win back the Ukrainian market and enter European markets, informs LETA/BNS.
SEB Bankas' economist Gitanas Nauseda regards plans by recession-hit Russia to privatize some state-owned companies as the right path that other countries in a poor macroeconomic situation should follow as well, the Delfi news website reported on Monday, cites LETA/BNS.
February 9 is the birthday of Alisher Navoi, the glorious son of the Uzbek people. This date is annually widely celebrated in all cities and regions of the country. In Tashkent, the poet’s admirers, as usual on this day, will gather at the foot of the majestic monument to Alisher Navoi, which is located in the National Park of Uzbekistan named after him, to pay tribute to the great ancestors.
Interior Minister Hanno Pevkur and representatives of the Police and Border Guard Board met in the southeastern regional capital Polva on Friday with the leaders of the municipalities situated next to Estonia's land border to offer an overview of the state of affairs in the construction of the border and speak about cooperation with municipalities, informs LETA.
Lietuvos Duju Tiekimas (LDT), a leading natural gas supply company which is part of the Lietuvos energija energy company group, has entered into an agreement for the supply of liquefied natural gas (LNG) with Statoil whereby it will meet over a half of LDT’s gas demand, informed BC communication manager at Lietuvos Duju Tiekimas Paulius Jakutavičius.
Lithuania’s road haulers keep a close eye on attempts by Poland and Russia to reach an agreement on haulage permits for 2016, as they believe that the advantages negotiated by Poland would also have an effect on Lithuania, the Verslo Zinios business daily reports on Friday, cites LETA/BNS.
Trade of logs in Baltic Sea region fell 10% in 2015 because of substantially lower demand for softwood pulplogs in Finland and Sweden, reports BC the Wood Resource Quarterly.