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Wednesday, 20.08.2014, 21:29
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
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.
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.
Wholesale tire distributor Bridgestone Baltics reduced its turnover and profit last year, reports LETA/Nozare.lv, referring to information provided by Firmas.lv.
Tobacco distributor British American Tobacco Latvia turnover reduced by 29% in 2013, reports LETA/Nozare.lv, according to information provided by Firmas.lv.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.