International Internet Magazine. Baltic States news & analytics
Saturday, 25.04.2015, 15:29
The Commission’s review on the authorisation of Genetically Modified Organisms (GMOs) for food and feed confirms the need for changes by the national governments in accepting the use of EU-authorised GMOs for animal and/or human consumption. The Commission proposes to amend existing EU laws to confer the states more freedom to restrict, prohibit or use of EU-authorised GMOs on their territory.
Keyword tags: Education and Science, EU – Baltic States, Law and Regulations, Legislation, Markets and Companies
The structure of Lithuania's economy has clearly changed in the long run. In the last 20 years, the share of the agriculture sector in Lithuania's GDP fell threefold, from 11-12% in 1995-1996 to 3.4% in 2014. The share of the industrial sector (including extraction and energy industry) in GDP has not decreased and accounted for 23-24%, writes LETA/ELTA.
Convenience store chain Narvesen Baltija posted EUR 64.05 million in turnover last year, reports LETA, according to Firmas.lv.
Retail trade company Stockmann operated with EUR 176,932 in losses in 2014, according to ''Firmas.lv'', cites LETA.
The total volume of loans and leases to Estonian companies and households was 3% larger in March 2015 than a year earlier; the loan and lease portfolio increased by 43 million euros during the month to 15.3 billion euros, Estonia's central bank Eesti Pank said in its fresh financial sector statistics, cites LETA.
Chancellor of the Lithuanian Government Alminas Maciulis met in France with Angel Gurria, Secretary General of the Organisation for Economic Co-operation and Development (OECD). The meeting addressed the OECD Council's invitation to Lithuania to begin OECD accession process, reports LETA/ELTA.
The Latvian fish processing company Brivais vilnis plans to temporary halt its production in order to carry out maintenance works at the factory, according to the company's announcement submitted to the "Nasdaq" Riga Stock Exchange, reports LETA.
In the first quarter of 2015, furniture manufacturer AB Vilniaus Baldai posted revenue of EUR 16.5 million, while net profit amounted to EUR 818,000, informs LETA/ELTA.
Finnish forest industry company UPM announced that it strengthens its position as the leading plywood manufacturer in Europe and expands the Otepää plywood mill in Estonia, reports LETA.
The city of Tallinn's water utility AS Tallinna Vesi informed the Tallinn Stock Exchange that during the first quarter of 2015, the sales have gone up compared to the same period in 2014, increasing 2.0% to 13.57 million euros, informs LETA.
On 22-23 April 2015, during the Latvian Presidency of the EU Council, the Latvian Ministry of Agriculture hosted a meeting of the Expert Group on Agriculture, Forestry and Other Land Use (AFOLU) in Riga, reports BC ministry’s press service.
Following amendments to the Microenterprise Tax Law that Latvian Saeima passed in the final reading today, the microenterprise tax will be 9% during a three-year period after a microenterprise is established, informs LETA.
Despite the Ukraine conflict, German companies continue to believe in the good prospects of the three Baltic markets. Nine out of ten German investors participating in the recent survey of the AHK Baltic States would re-invest in the region, reports BC Invest Lietuva.
Saeima in Latvian on April 23rd approved of the amendments in the first reading that stipulate higher excise tax rate on alcoholic beverages as of July 1, 2015, informs LETA.
Dr Jonas Milius, Director of Lithuania's State Food and Veterinary Service (VMVT), says that Norway's salmon consignment which was stuck at the border with Russia and now is returned back to Lithuania should have been checked more carefully in Lithuania, re[orts LETA/ELTA.