In 2016 the average forest regeneration costs, depending on the forest land quality group, varied between 551 and 600 euros per hectare. In 2015, these costs constituted 620-687 EUR/ha. The forest regeneration costs include expenditure on soil preparation, small sapling expenses and planting costs, according to data from the Central Statistical Bureau of Latvia. In…
In relation to the possibility of purchasing a new home, Latvian residents view EUR 100,000 as the “pain threshold”. The critical border for new project apartments is 1,300 EUR/square meter. For standard apartments it is 1,000 EUR/square meter. For private homes it is 1,600 EUR/square meter, according to results of a study by PrivatBank. Lately…
Saeima of the Republic of Latvia will soon ratify Rail Baltica agreement, which is expected to allow passenger trains to travel at a speed of 240 km/h instead of 120 km/h. Higher travel speed will also ensure cargoes from Tallinn reach Poland within two days. The objective of this agreement is ensuring effective and quick…
Compared to April, the level of producer prices in Latvian industry grew by 0.4% in May. The prices of products sold on the domestic market increased by 0.3%, whereas the prices of exported products grew by 0.5%. The prices of products exported to euro area countries grew by 0.8% and of products exported to non-euro…
Saeima’s Budget and Finance Commission has expressed unanimous conceptual support for amendments to the Law on Taxes and Duties. These amendments provide for the introduction of electronic working time tracking system in construction, Saeima’s press-service reported. Finance Minister Dana Reizniece-Ozola told members of the Saeima that a solution for electronic working time tracking was achieved…
At the end of Q1 there were 15.7 thousand job vacancies in the country, and the indicator has risen by 1.9 thousand, or by 13.6% YoY and by 1.3 thousand, or by 8.7% QoQ. The number of job vacancies and the share thereof in the total number of posts (vacant and occupied) has been growing…
Azerbaijan is an important partner for Latvia, both in economic and political terms, said Latvian Transport Minister Uldis Augulis. He made the remarks at a meeting of the Latvia-Azerbaijan Intergovernmental Commission for Economic, Scientific, Technical and Cultural Cooperation in Baku on June 20. The minister said there were many spheres that had big potential for…