Latvia: improvements expected from LDz

“Last year was a turning point for railway freight. The industry managed to recover from the decline, the lowest point of which was in 2017. It is too soon to celebrate last year’s grown, because this industry remains dependent on external risks and flaws caused by internal factors of the transit corridor,” says Baltic Association…

Latvia: Port of Liepaja throughput up in 2018

Freight volume handled in the Port of Liepaja in 2018 climbed by 24.4% YoY, to 7,537,600 tons, the Port Authority says. In the reporting period, transshipment of grain grew by 20.9%, to 3,034,400 tons, anthracite – by 22.6%, to 1.47 million tons, and construction materials – by 21.9%, to 762,400 tons, while transshipment of oil…

Latvia: bread consumption down in 2018

There was a slight drop in bread consumption in Latvia last year, according to Latvian Bakers’ Association board chairman Karlis Zemess. He says the bread market is not stable and that it has a tendency to decline due to the reducing bread consumption, which in turn is caused by the ongoing population decline, promotion of…

Latvia: construction costs up in September 2018

Compared to August, the level of construction costs in Latvia rose by 0.5% in September. Labor remuneration of workers increased by 1.2%, maintenance and operational costs of machinery and equipment by 0.5%, and prices of building materials by 0.1%. In September the average level of construction costs was mostly affected by the increase in labor…