bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Wednesday 24.01.2018 | Name days: Krišs, Eglons, Ksenija
LatviaLatvia

If Latvia is not ready, European milk processors will «eat us alive»

FaceBook
Twitter
Draugiem
print
(+2 rating, 2 votes)

Baltic news, News from Latvia, BNN-NEWS.COM, BNN-NEWS.RU, Latvian central union of dairy farmers Head Jānis Solks

Latvian central union of dairy farmers Head Jānis Solks

If Latvian milk processors and the state in general do not get ready for the expected changes, European milk concerns will «eat»Latvian milk market alive, Latvian central union of dairy farmers Head Jānis Šolks told the business news portal BNN.

He stresses the current milk quotas system will be revoked in March 31, 2015. They are currently limiting foreign duties entrance into the Latvian market, at the same time protecting the local producers interests. When the quotas are abandoned, there will no longer be any obstacles for foreign producers to conquer the Latvian market.

It is at the moment very difficult to forecast the reaction of the major European dairies, however it is likely foreign production will overflow the Latvia. Thus it is even more important for Latvian producers to prepare timely – develop their brands, become more efficient, modern and customers friendly, Solks says, stressing that European concers will have millions of euros for marketing and other activities.

To give an illustration of the situation, the leading food producer in Europe – French Groupe Danone SA, which derives most of its income from milk processing, turned 17.01 billion euro in 2010, making 1.87 billion euro in profit, reports The Wall Street Journal. To compare, the major milk processor in Latvia Riga dairy (Rīgas piena kombināts) reported 53 million lats (76 million euro) turnover in 2010.

Similalry, the Ministry of Agriculture reminds milk quotas will be revoked in 2015, thus milk processors should start considering their future development prospects when the competition in the domestic market toughens.

Comment:

Atis Sausnītis, Riga dairy (Rīgas piena kombināts) co-owner

Certain Latvian market protection mechanisms will still be in force. I do not believe we will be the only country in the whole European Union to blindly open its market. Of course, everyone is buzzing about the single and open EU market, however the reality is completely different, which is something we have also witnessed. Any state has its own market protection mechanisms, be it either through Food and Veterinary Service, customs or taxes. Some obstacles are always present. I do not believe Latvia will leave its producers unprotected, but I do believe it will introduce some protection measures. What kind of measures exactly is a matter of another discussion.


Leave a reply

  1. Ren says:

    It’s good that they are thinking of this. Measures have to be taken faster.

    Thumb up 0 Thumb down 0

Minister: foreigners find Latvia’s business environment more and more attractive

«Measures were performed last year to improve the business environment and make it more attractive for local and foreign investors, as well as significantly ease everyday work for them,» said Latvian Economy Minister Arvils Ašeradens.

Number of students in Latvia declined 35% in the past decade

The number of students accounted for 81.6 thousand in the academic year 2017/2018, indicating a decline of 1.6 % over the year. During the past decade, due to the population decline, the number of students has reduced by 43.8 thousand or 35 %.

National Alliance member: small countries cannot afford legal and corruption scandals

«Every resident living in a democratic country finds it difficult to follow political processes and what political interests each party has. More often than not the loudest and more expressive politicians do not have any wisdom to share or a state development plan to offer and fit Latvia’s interests. If the time comes when we conclude that we do not like a newly-elected Saeima...

Italy's leading party drops euro referendum plan

The anti-establishment 5-Star Movement, leading opinion polls ahead of a March 4 election, has presented a 20-point program which makes no mention of a referendum on Italy’s membership of the euro zone.

Latvia shares experience in civil rights reforms with Uzbekistan

Uzbekistan is one of Latvia’s priority countries for development of cooperation. Considering Uzbekistan’s launched reforms for state administration, Latvia is ready to continue offering support and sharing experience, says Foreign Ministry’s special assignment ambassador Igors Apokins.

Estonian state rail cargo company worked with million-euro losses in 2017

Estonian state-owned rail cargo carrier EVR Cargo concluded the year 2017 with net losses of 1.2 million euros, but managed to earn a million euros in from October to December 2017.

Alcohol industry to adopt social responsibility symbols on labels

More than 60% of all labels of wine and other strong alcoholic beverages purchasable in Latvia will be added with a special social responsibility symbols, reminding residents of responsible consumption of alcohol, BNN was informed by Latvian Alcohol Industry Association (LAIA).

ManaBalss.lv initiative «On saving Agenskalns market» submitted to Riga City Council

An initiative started by Anda Baidekalna «On saving Agenskalns market» has been submitted to Riga City Council for review. More than 2,000 people signed in favour of this initiative on ManaBalss.lv portal. Now Riga City Council will have to decide on approval of this initiative and develop a plan for development of Agenskalns market to preserve its functionality.

Estonian construction price rise influenced most by higher labour costs

Estonian construction price index grew by 1.5% in 2017 aligned with the average of 2016, Estonian statisticians calculated.

Latvian Economy Ministry proposes self-regulatory measures for postal sector

The problem with postal items lacking addresses can be resolved using self-regulatory measures in the postal industry, as mentioned in Economy Ministry’s prepared report on new measures and proposal for mechanisms to help make the work performed by the postal sector more efficient.

Venice tourists stunned over 1 100-euro restaurant bill

The leadership of the picturesque Italian town of Venice has pledged to ensure justice after four Japanese tourists complained of having been handed a 1,100-euro bill for steaks, water, service and a plate of fried fish.

Ratification of Istanbul Convention falls through in Latvia

Unity is the only one of the coalition parties in Latvia that has expressed support for the ratification of Istanbul Convention so far, politicians say.

Spain sees Puigdemont's trip to Denmark as provoking his own arrest

A judge of the Spanish Supreme Court has blamed Catalonia's former President Carles Puigdemont of seeking to provoke his own arrest by visiting Denmark from his country of exile, Belgium, as the politician faces charges carrying a possible prison sentence of up to 30 years.

Latvenergo: Latvia is the largest energy exporter in Baltic States

Latvia continues exporting electrical energy produced in the country – as of Monday, 22 January, it was 832 MW. Especially intensive energy production is recorded for Daugava’s hydro-electric power plants and Riga’s CHP plants. The largest import volume is registered for Lithuania, to which the amount of exported energy equals the amount consumed in Latvia, Latvenergo explains.

LALRG secretary general: we have to reduce gap in quality of life for EU citizens

Ever since Latvia joined the European Union, its population has declined 14%. The most significant decline was caused by the departure of residents of working age to other EU member states. Because of that, the population in eastern regions of Latvia has declined 23%.

Czechs up for close race in this week's presidential run-off

As the Czech Republic nears the second round of its presidential election this weekend, sociologists estimate that the pro-Western academic Jiří Drahoš enjoys a somewhat larger support than the incumbent Miloš Zeman, who easily won the first round.

Producer price level in Latvia’s industry up 3.1%

Compared to December 2016, the level of producer prices in Latvian industry rose by 3.1 % in December 2017. Prices of products sold on the domestic market rose by 3.0 %, while prices of exported products went up by 3.3 %. Prices of products exported to euro area countries grew by 3.8 %, whereas prices of products exported to non-euro area countries rose by 2.9 %.

MEP: an even greater UGF dominance would slow down Latvia’s development

If the Union of Greens and Farmers (UGF) gains an even greater presence in the upcoming Saeima elections, Latvia’s continued development would suffer, said member of the European Parliament Artis Pabriks in an interview to 900 seconds programme of LNT.

Tax reform challenge in January: labour tax recalculation

2018 commenced for Latvia with a historical tax reform and conceptual changes, significantly affecting everyday work performed by businessmen, employers and accountants. One of the changes financial specialists have to remember when calculating wages for January is the one for personal income tax, which also includes changes for state social insurance fees and solidarity tax, BNN was told by accounting experts.

Total tax debts in Latvia reach 1.217 billion euros at beginning of 2018

At the beginning of the year, total tax debts in Latvia, including existing debts, halted debts and debts with extended repayment debts, reached EUR 1.217 billion, which is 3% less when compared with the previous month, as reported by the State Revenue Service.

Estonia emphasises animal welfare as demand for animal food products grows

Although the demand for food products from animals is increasing, attention should be paid both animal welfare and sustainability in agriculture, Estonia's Minister for Rural Affairs Tarmo Tamm has stated.

Latvia hopes to recover its status as a country free of swine fever

There is hope that Latvia may yet recover its status of a country free of swine fever, says Food and Veterinary Service’s (FVS) Animal Infections Monitoring Department lead expert Mārtiņš Seržants.

Estonia prepares to inform population of actions in case of emergency or war

Estonia is preparing a brochure on how its population should act in case of major crisis or war.

De Facto: international lawsuit against Latvia is associated with infamous Winergy case

Norvik Bank’s lawsuit against Latvian state in the international court of arbitration in Washington is associated with Winergy wind park business, as reported by De Facto programme of LTV. The bank has yet to announce the amount of money it wishes to enforce from the state

German Social Democrats vote to U-turn on coalition talks with Merkel's conservatives

In Germany, where four months after its federal parliamentary elections there is still no government, the Social Democrats have voted to enter coalition talks with the conservatives led by German Chancellor Angela Merkel.

Would you be ready to boycott something in your life?

View Results

Loading ... Loading ...

Polls Archive



Category feed: Feed: