Foodstuff, Good for Business, Latvia, Markets and Companies

International Internet Magazine. Baltic States news & analytics Saturday, 25.10.2014, 07:11

Dobeles dzirnavnieks was the largest company in Latvia's food industry in 2012

BC, Riga, 03.12.2013.Print version
Joint-stock grain processing company Dobeles dzirnavnieks emerged as the largest food industry player for the second year in a row in 2012, posting LVL 62.276 million in turnover, according to the Latvian Business Report 2013 collated by Firmas.lv and Nozare.lv, informs LETA.

The other nine largest companies in food production last year were dairy company Rigas piena kombinats with LVL 57.098 million in turnover, dairy company Valmieras piens with LVL 30.412 million, dairy company Preilu siers with LVL 26.617 million, fish cannery Gamma-A with LVL 25.177 million, meatpacking plant Rigas miesnieks with LVL 25.126 million, meatpacking plant Rezeknes galas kombinats with LVL 24.136 million, dairy company Rigas piensaimnieks with LVL 21.474 million, grain processing company Rigas dzirnavnieks with LVL 18.486 million, and dairy company Latvijas piens with LVL 18.202 million in turnover.

 

According to experts interviewed for the Business Report, choosing the right policy for securing supplies and adapting to frequent changes on global markets is of major importance in food production at the moment. The challenge is to be "one step ahead" of other market players and being able to foresee changes in demand, creating new and competitive products.

 

Whereas in the future, it is highly important that the industry and the state are able to reach common taxation strategy. It is abnormal that, every year before the budget for the next year is formed, every minister only thinks about his or her sector, and tries to solve problems in this sector at others' expense. It is very important that businessmen understand the government's long-term taxation policy so they could successfully plan their operations, note the experts. 






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