For everyday transactions, residents use contactless payment cards. 120,000 people in Latvia use them, Swedbank representatives declared. Swedbank data shows – 80% of all payment cards renewed by clients are contactless cards. In total, there are more than 4,800 trade locations that offer transaction options for owners of contactless payment cards, and their number increases…
Without state support to involve state businesses in the capital market, it will not be possible to increase activity at the exchange, said Nasdaq Baltic market manager Indars Ascuks. “Purely mathematically – if we look at large companies that are not owned by the state or a single large strategic partner that is possibly quoted…
In February Latvian foreign trade turnover amounted to EUR 1.82 billion, which was 6.1% higher than in February 2016, and the exports and imports values of goods were 5.7% and 6.5% higher, respectively. In February Latvia exported goods in the amount of EUR 832.8 million, and imported goods in the amount of EUR 984.6 million.…
Freight volume handled in the Port of Liepaja in January-March climbed by 13.1% YoY, to 1,634,200 tons, the Port Authority reported. Grain shipments fell by 16.3%, to 634,900 tons, construction materials increased by 14.7%, to 131,800 tons, forest cargo dropped by 32.7%, to 78,800 tons, oil products went up by 41.3%, to 92,100 tons, crude…
U.S. congressmen have voiced support for Latvia’s security and an interest for developing closer cooperation with the country’s ports, as reported by Latvian Foreign Affairs Ministry. On April 9, Latvian Foreign Affairs Minister Edgars Rinkevics met with a delegation of U.S. congressmen led by congressman Bull Shuster to discuss Trans-Atlantic relations, strategic cooperation between Latvia…
Continuing investments in the renewal of its bus fleet, Ecolines has bought ten new buses using funding from Swedbank. The company has bought five Setra S431DT and five Man R08. The new buses will be used for runs to Western Europe, Baltic States and internal runs within Latvia. All buses are fitted with ergonomic seats.…
Compared to the first half of 2016, in the second half the average purchase prices of round timber kept declining, moreover, price drop has been recorded for the three recent years. Within the coniferous tree sector, the greatest reduction was observed in purchase prices of pine sawlogs in diameter under 14 cm, within deciduous tree…