The beverage producer AS Amber Latvijas balzams had submitted an application to the Riga City Court seeking the initiation of a legal protection (restructuring) process, the company said on January 30 in a disclosure to the Nasdaq Riga stock exchange. The application has been filed in order to restructure the company’s financial obligations. The purpose…
The authorities are monitoring the situation and collecting data from the regions to determine to what extent the recent bad weather conditions have affected orchards. Minister of Agriculture and Food Industry Ludmila Catlabuga made the statement on January 28. The minister emphasized that so far no specific information had been received about orchards affected by…
Bulgaria has emerged as Europe’s top exporter of black caviar, according to Assoc. Prof. Violin Raykov from the Institute of Oceanology at the Bulgarian Academy of Sciences. The export of this high-value delicacy is tightly regulated, carried out under a quota system overseen by the Ministry of Environment and Water. Only select companies in the…
Cheese prices in Europe are falling due to overproduction, but this has not yet been reflected on Estonian store shelves. Producers say prices may drop in February or March. The price of raw milk on the international market has fallen by 20-30% compared with last year, but this has yet to be reflected in the…
A drop in global milk prices is currently only reflected in cheaper Lithuanian butter in Estonia, but Estonian butter and cheese prices are also set to fall soon. ERR reported on January 14 that butter prices in Latvia had dropped sharply, with Latvian Radio saying a pack of butter could now be bought for as…
Free exports for Ukraine prove a matter of economic stability for the state and global food security. Therefore, the Ministry of Economy, Environment and Agriculture focuses on expanding trade opportunities by bringing the Ukrainian agribusiness closer to EU requirements and increasing quotas. This was stated by Minister of Economy, Environment and Agriculture of Ukraine, Oleksii…
Food prices in Latvian shops are beginning to follow global trends, Martins Kazaks, President of the Bank of Latvia, has said. He noted that in previous years Latvia had seen a pattern whereby food prices rose domestically when global prices increased, but when global food prices fell, prices in Latvia tended to remain unchanged and…