Markets and Companies

International Internet Magazine. Baltic States news & analytics Wednesday, 20.08.2014, 21:29

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Lithuania considering to partially compensate dairy, meat producers for losses

Lithuania considering to partially compensate dairy, meat producers for losses

20.08.2014

The Government of Lithuania will consider to partially compensate dairy and meat producers for losses, informs LETA/ELTA.

Keyword tags: Agriculture, EU – Baltic States, Financial Services, Legislation, Lithuania, Markets and Companies



Lithuania invited to invest in Belarusian processing companies

Lithuania invited to invest in Belarusian processing companies

20.08.2014

Lithuanian businessmen have been invited to invest in Belarusian processing companies, head of the main department for foreign economic activity of Belarus Agriculture and Food Ministry Alexei Bogdanov told BelTA after meeting with Lithuanian Minister of Agriculture Virginija Baltraitiene, cites LETA/ELTA.

Free mandatory registration of pigs announced in Lithuania

Free mandatory registration of pigs announced in Lithuania

20.08.2014

A mandatory requirement has been announced in Lithuania to register all pigs by 15 September, 2014. Registration will be free of charge, reports LETA/ELTA.


Bridgestone Baltics financial indicators decline in 2013

Bridgestone Baltics financial indicators decline in 2013

20.08.2014

Wholesale tire distributor Bridgestone Baltics reduced its turnover and profit last year, reports LETA/Nozare.lv, referring to information provided by Firmas.lv.

British American Tobacco Latvia turnover reduced by 29% in 2013

British American Tobacco Latvia turnover reduced by 29% in 2013

20.08.2014

Tobacco distributor British American Tobacco Latvia turnover reduced by 29% in 2013, reports LETA/Nozare.lv, according to information provided by Firmas.lv.

20.08.2014

DNB banka issues EUR 10 mln loan for Latraps development

The cooperative society of agricultural services Latraps has come up with new development plans. In order for them to see fruition, DNB banka has issued a EUR 10 million loan to Latraps, DNB banka spokeswoman Teika Lapsa informed the business portal Nozare.lv, cites LETA.

20.08.2014

Latvian dairy producers could receive EUR 13 mln by end-2014

Because of Russia's embargo on import of dairy products, Latvian dairy farms and companies could receive aid in the amount of EUR 13 million already this September or October, Agriculture Minister Janis Duklavs (Greens and Farmers' Union) said during the Latvian Agricultural Organizations' Cooperation Council meeting today, informs LETA/Nozare.lv.

20.08.2014

Development and support of system for safety of food products in compliance with EU requirements HACCP

Regardless of the business activity of a company working in the sphere of food products, it’s main aim is the safety of food products offered to the consumer. Therefore it is vitally important to develop and implement a management system which will procure the safety of food products t all stages starting with the production thereof and ending with storing and selling.

20.08.2014

Latvian government has earmarked certain amounts to help farmers

Certain amounts have been earmarked in the state budget that could be used to aid the agriculture sector following Russia's food embargo, however, it is too early to mention any amounts, Prime Minister Laimdota Straujuma (Unity) said in an interview with the LNT show "900 sekundes" this morning, informs LETA.

20.08.2014

Lithuanian traders need 1-2 years to completely replace the market

Lithuanian business representatives forecast that the real outcomes of the Russian sanctions will turn out after a month, while it may take a year or two to completely replace the market, reports LETA/ELTA, referring to Kauno diena.

20.08.2014

Latvian Cabinet approves of a report on Latvia’s accession to OECD

On 19 August, the Cabinet of Ministers considered the report with information on the course and status of implementation of OECD policy guidelines from July 2013 to June 2014 and the process of Latvia’s accession to the Organisation for Economic Cooperation and Development, reports Latvian MFA.

20.08.2014

Belarus interested in milk and beef from Lithuania

Belarus is interested in Lithuanian agricultural and food products, especially raw milk and beef. Moreover, Belarusians would like to establish joint enterprises with Lithuania, stated Minister of Agriculture Virginija Baltraitiene who paid a working visit to Belarus, informs LETA/ELTA.

20.08.2014

Lithuanian PM criticizes processors for reducing milk buying-in prices

Prime Minister of Lithuania Algirdas Butkevicius has criticized dairy processors, who have reduced milk buying-in prices as soon as Russia introduced its sanctions, reports LETA/ELTA.

20.08.2014

Four candidates continue talks on buying Liepajas metalurgs

A total of six investors submitted their binding offers for the defunct Liepajas metalurgs, however, discussions are currently continuing with only four of them, Liepajas metalurgs insolvency administrator Haralds Velmers told the press representatives after the government's meeting on Tuesday, informs LETA/Nozare.lv.

19.08.2014

Latvian companies hit by Russia's sanctions to receive partial interest rate write-offs

In order to provide support for food producers and farms that have been hit by Russia's export embargo, the government of Latvia will create a new finance tool by making changes to the partial interest rates repayment program, according to the "Regulations on the allocation of state and European Union funds to facilitate agricultural investing" introduced by the government, reports LETA/Nozare.lv.

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