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Wednesday, 27.11.2024, 19:33
Saunum has set its sights on German, Swedish markets for 2021
18.12.2020The goal for Saunum Group, which made its debut on the First North market of Nasdaq Baltic on Friday, is to try and make it to the markets of Germany and Sweden in 2021, CEO Henri Lindal said on December 18th, cites LETA/BNS.
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Estonia's Saku starts large-scale export to Russia
18.12.2020Estonian beverage house Saku Olletehas started the large-scale export of its output to Russia this fall, and the new export agreement is one of the largest for Saku in recent years, Saku Olletehas Board Member Jaan Harms said LETA/BNS.
Latvia pioneering an automated coronavirus testing station
17.12.2020Latvia is pioneering an automated coronavirus testing station that can operate around the clock and virtually eliminate the risk of infection during the screening process, organizers told the AFP news agency on Deember 16th, cites LETA.
Underwater drones manufactured in the port of Riga successfully compete in the world markets
15.12.2020Underwater drones manufactured in the port of Riga successfully compete in the world markets Mon, 12/14/2020 - 11:32 “Eprons ROV”, a company based in the territory of the Port of Riga in Mangaļsala, has been providing diving services for more than 20 years, specializing in underwater works of various levels of complexity both in Latvia and in several other European countries. Since 2009, the company has also been developing and manufacturing underwater remote control devices (drones), which are in demand for underwater research works, construction and inspection of hydro-technical structures, as well as ship repair works all over the world, informed Freeport of Riga representative.
Lithuania's exports fall 5.4%, imports down 11.4% in 10 months
10.12.2020Lithuania's exports shrank by 5.4% in January-October 2020 from a year earlier to 23.367 billion euros, and its imports slumped down by 11.4% to 23.681 billion euros, the country's statistics office said on December 10th, cites LETA/BNS.
Estonia's exports rose by 10% in October y-o-y
According to Statistics Estonia, in October 2020, compared to October 2019, the exports of goods increased by 10% and imports decreased by 5%. Of the total exports, the goods of Estonian origin accounted for 75%. Exports to non-EU countries increased by 38%, while exports to EU countries decreased by 2%.
Estonia: Saunum Group's IPO oversubscribed tenfold
During an initial public offering (IPO) of Estonian developer of sauna heaters and indoor air conditioners Saunum Group AS, investors subscribed to close to 1.1 mln of the company's shares worth nearly 3.1 mln euros, resulting in more than tenfold oversubscription, reported LETA.
Estonian EdTech companies establish cooperation organization
Estonian education technology companies have established a cooperation body called EdTech Estonia, which at present brings together 28 of the sector's businesses, informs LETA/BNS.
7% rise in sales volumes of Karums cheese curd snacks in Latvia
In the first 11 months of 2020, the sales volume of Karums cheese curd snacks in Latvia has increased by 7% compared to the corresponding period last year, the Food Union dairy group informed LETA.
Turnover of Valmieras Stikla Skiedra down 21% in 9 months
Valmieras Stikla Skiedra fiber glass producer in the first nine months of this year generated EUR 78.3 million in turnover, down 21% from the respective period last year, while the group's loss shrank 42% to EUR 3.5 million, writes LETA, according to the company's report to Nasdaq Riga.
Exports of oil products from Latvia up 3.7% in 9 months
The amount of oil products exported from Latvia under the deferred excise tax payment regime in the first nine months of 2020 was by 10,541 tons or 3.7% higher than the amount exported during the same period a year ago, writes LETA, according to the information from the Excise Goods Administration of the Latvian State Revenue Service.
Swedbank: Latvia's export to see 5% drop in 2020
Latvia's export this year will see a 5% drop, which is smaller than expected earlier, said Swedbank chief economist Liva Zorgenfreija in a discussion on export during the Covid-19 pandemic, cites LETA.
Latvian exports of forestry products down 7.3% in 9 months, imports down 3.2%
In the first nine months of 2020, Latvia exported EUR 1.87billion worth of forestry products, which is 7.3% less than in the same period a year ago, writes LETA, according to information released by the Agriculture Ministry.
Turnover of Sakret Holdings down 0.4% in 9 months
Sakret Holdings construction materials producer in the first nine months of 2020 posted EUR 17.57 million in turnover, declining 0.4% from the respective period last year, while profit increased 61.3% to EUR 1.037 million, writes LETA, according to the company's report submitted to Nasdaq Riga stock exchange.
EAS to launch mentor program geared towards growth companies
Enterprise Estonia (EAS) is about to start accepting applications for participation in a mentor program for growth companies that would help business operators who are planning product development or export, informs LETA/BNS.
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