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Friday, 13.06.2025, 04:39
Printful from Latvia to invest EUR 1.8 mln in Canada workshop
Latvia's Printful print-on-demand company will invest EUR 1.8 million in a new Canada-based printing operation, the company's representatives told LETA.
Turnover of Latvia's Diana Sveces drops 11% in 2019
Latvia's Diana Sveces candle maker closed 2019 with EUR 10.48 million in annual turnover, down 11% from a year before, while its profit contracted 37.5% to EUR 336,903, writes LETA, according to the company's report available at Firmas.lv.
Estonia: Investors register indication of interest for EUR 642,000 in Chaga crowdfunding
Investors have registered indication of interest to the amount of 642,000 euros in a financing campaign on Funderbeam for the company Chaga OU, a maker of natural food supplement products under the Chaga Health brand since 2014, writes LETA/BNS.
Riga pharmaceutical factory raises profit 2.8 times in 2019
Latvia’s Rigas Farmaceitiska Fabrika (RFF) pharmaceutical company turned over EUR 3.794 million in 2019, which is an increase of 1.9 percent against a year before, while the company’s profit grew 2.8 times year-on-year to EUR 2.014 million, writes LETA, according to information available at Firmas.lv.
Estonia ran EUR 31 mln current account deficit in March
The current account of Estonia was in deficit by 31 million euros in March 2020, according to a flash estimate published by the Bank of Estonia on May 14th, informs LETA/BNS.
In March, foreign trade turnover in Latvia decreased by 5.1%
Provisional data of the Central Statistical Bureau show that in March 2020 the foreign trade turnover of Latvia amounted to EUR 2.42 billion, which at current prices was 5.1% less than a year ago, of which the exports value of goods dropped by 0.7%, but imports value of goods – by 8.4%. In March, Latvia exported goods in the amount of EUR 1.1 billion, but imported – in the amount of EUR 1.32 billion. Compared to March 2019, foreign trade balance has improved slightly as exports in total foreign trade amount increased from 43.4% to 45.4%.
In Q1, exports declined by 3% and imports by 4% in Estonia
According to Statistics Estonia, in March 2020, compared to March 2019, the exports of goods decreased by 1% and imports by 2%. Compared to the first quarter of 2019, exports declined by 3% and imports by 4%. In the first quarter, trade decreased mostly due to declined exports and imports of electrical equipment and mineral products.
Lithuania's foreign trade deficit narrowed by 42.7% in Q1
Lithuania's exports shrank by 0.5% in January-March 2020 from a year earlier to 7.053 billion euros, and its imports were down by 3.3% to 7.348 billion euros, the country's statistics office said on May 8th, cites LETA/BNS.
The Kalsnava Distillery alcohol manufacturing plant adjusted its manufacturing to produce alcohol for disinfectants manufactured in Latvia
The Kalsnava Distillery alcohol manufacturing plant adjusted its manufacturing to produce alcohol for disinfectants manufactured in Latvia.
Latvia: In 2019, the highest harvested production of grain was recorded
Provisional data of the Central Statistical Bureau (CSB) show that in 2019 the highest harvested production of grain was recorded – 3.2 mln t, which is 1.1 mln t or 1.5 times more than a year ago. The average grain yield per one hectare reached 42.6 ql., which is the second highest grain yield in the history of Latvia (44.9 ql. were harvested in 2015). Exports of grain reached the record amount as well – 2.8 mln t or EUR 518 mln.
Estonia: PRFoods subsidiary to expand fish farm in Sweden
Overumans Fisk AB, subsidiary of listed Estonian fish products seller PRFoods AS, has obtained an approval to establish an additional fish farm in the Vasterbotten region of Sweden, PRFoods informed the stock exchange.
Latvia: AmberBirch veneer maker to start shipping products to European countries soon
AmberBirch veneer manufacturer has started selling its products in South East Asia and will soon start shipping products also to clients in European countries, LETA was told at the company.
Estonia: Tanker meets crowdfunding campaign's minimum target on 1st day
Estonian craft beer maker Tanker Brewery, which on Tuesday launched a crowdfunding campaign on the Funderbeam platform, had surpassed the campaign's 100,000-euro minimum target by 85,000 euros by the afternoon informed LETA/BNS.
Lithuania's Lifosa, Achema concerned over fertilizer market probe in Ukraine
Lithuania's fertilizer producers – the Jonava based nitrogen fertilizer producer Achema and the Kedainiai-based phosphorus fertilizer producer Lifosa – are concerned that the ongoing fertilizer market probe in Ukraine could negatively effect their exports to this country, informed LETA/BNS.
Latvian exports of forestry products down 11% in 10 months
In the first ten months of 2019, Latvia exported EUR 2.189 bn worth of forestry products, which is an decrease of 1 % against the same period a year ago, according to information released by the Agriculture Ministry writes LETA.
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