Latvia: average prices up in September 2017

The average price level in Latvia in September, as compared to September last year, increased by 2.9%, according to official estimates. The Central Statistical Bureau of Latvia stated, that over the period prices were affected the most by rising prices of food and non-alcoholic drinks, goods and services linked to transport, the group of miscellaneous…

Latvia: construction costs up in August 2017

Compared to July, the level of construction costs in Latvia grew by 0.1% in August. Maintenance and operational costs of machinery and equipment rose by 0.4%, labor remuneration of workers decreased by 0.1%, whereas prices of building materials did not change significantly. Compared to August 2016, construction costs increased by 2.3%. Labor remuneration of workers…

Latvia: transit and logistics industries to communicate more actively

Mutual communication and information exchange among businesses working in the industry is the pre-condition for improvement of Latvia’s transit industry, said Transport Ministry’s state secretary Kaspars Ozolins at a meeting of the Logistics Council. The Logistics Council discussed the situation in the transit and logistics industry, as well as predictions and proposals for improving competitiveness.…

Latvia: transport planning in Riga not reflecting region’s scale

Road Transport Administration plans to speak with Riga and Pieriga administrations about the fractured public transport system in the region, says the administration’s chairman Kristians Godins. Organization for Economic Co-operation and Development has concluded that transport planning in Riga and its region is fragmented and does not reflect Riga region’s scale. OECD believes coordination among…

Latvia disagrees with proposal to reduce cod and herring fishing volumes in the Gulf of Riga

Minister Janis Duklavs met with NGOs at Agriculture Ministry’s Fishing Advisory Council meeting and discussed with them European Commission’s proposal for fishing opportunities in the Baltic Sea in 2018. EC’s proposal for fishing opportunities would affect Latvia the most negatively in relation to eastern cod (project suggests a 28% reduction) and herring (7%). There is…