Rise in exports to Europe
Records US $ 2635 m upto September:
Sri Lanka’s exports to the European Union (EU)
grew by 25.5% in the first nine months of 2011 (2635 $ million),
compared to the corresponding period of 2010 (2100 $ million). Sri
Lanka’s Ambassador to Belgium, Luxembourg and the EU, Ravinatha
Aryasinha said according to the latest statistics from the Central
Bank of Sri Lanka,
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Commercial Credit net profit grows tenfold
Catering to a more diversified market has
enabled Commercial Credit to increase its net profit for the six
months ended September 31, 2011 to Rs 265.5 million. This is an
increase of 1604% per cent over the corresponding period in the
previous year. The gross income of the company has increased to Rs
1.1 billion during the period under review, up from Rs 423 million a
year ago.
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Increase in trade with Latvia
Trade between Sri Lanka and Latvia is on the
rise and there is more room for expansion, Consul General for Latvia
in Sri Lanka Thomas Daetwyler said. Speaking to Daily News Business
at the recently concluded Latvia National Day celebrations he said
that there is a 35 percent increase in trade in recent times.
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