According to the companys announcement, net profitof the state-owned agency Latvijas Valsts Mezi (Latvian State Forests) amounted to LVL 51mn (EUR 72.6mn) in 2011, going down by by 34% y/y. Company's turnover in 2011 slipped by 0.6% y/y to LVL 215mn. LVM paid LVL 34.7mn in taxes in 2011. LVM is in charge of managing state forestry, dividing timber quotas, etc, overlooking more than 1.6mn ha of land. Its shares are held by the Ministry of Agriculture. |
Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more
Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more
Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more