In the next three years, EUR 20 million will be invested in the new Laima manufacturing plant in Adazi, as reported by representatives of Orkla Confectionery & Snacks Latvija. The total area of the new manufacturing plant will be approximately 6,500 square meters. “The location chosen for the new plant will secure Orkla Confectionery &…
Planning for faster increase of excise tax rate on fuel, cigarettes and alcohol, the Latvian Cabinet of Ministers has backed amendments to the law On Excise Tax. The amendments set forth raising from 2018 the excise tax rate on unleaded petrol by 7.8%, on leaded petrol by 24%, on diesel by 11% and on liquified…
In January-June the Freeport of Riga handled 17,512,200 tons of cargo, down by 4.1% YoY. Coal transshipment climbed by 7.4%, to 6,398,600 tons, wood pellets by 13.4%, 353,000 tons, oil products dropped by 31.8%, to 3,270,400 tons, ore by 9.2%, to 165,400 tons. The port’s container throughput grew by 14%, to 208,107 TEUs. Passenger turnover…
Freight volume handled in the Port of Liepaja in January-June climbed by 30% YoY, to 3,272,900 tons, the port authority says. In the reporting period, transshipment of coal surged 4.6-fold, to 780,400 tons, wood pellets – 1.4-fold, to 153,700 tons, construction materials – by 6.9%, to 270,200 tons, oil products – by 55.7%, to 219,400…
The average price rate in Latvia comparing June 2016 to June 2017 has increased by 3% as products got 2.6% more expensive, services – by 4%, calculated the Latvian Central Statistical Bureau. The statisticians found that compared to June 2016, last month the greatest pressure on the price changes was put by the rise in…
In January-June the port of Ventspils handled 12.4 million tons of cargo, up by 23% YoY. According to the port authority, transshipment of Ro-Ro cargo grew by 22%. In the reporting period, Kalija parks handled 175,000 tons. The number of passenger carried by Ventspils- Nynashamn line grew by 30%, to 21,700 passengers. Ventspils port is…
With increased investments, Latvian farmers have managed to increase efficiency in the industry, a bank survey showed. According to the results of a survey performed by Swedbank, in 2017 farmers plan to invest money in grain dryers and towers, in updating machinery and buying agricultural land. “It is positive that farmers recognize that new technological…