Consumer prices in Latvia may have grown by 2.9-3.3% YoY in March, bank analysts predict. Swedbank economist Linda Vildava notes that consumer prices in March may have grown by approximately 0.4% MoM. This means that prices have grown by 2.9% since March 2016. “The largest positive contribution to monthly changes will likely come from price…
For a long time central banks have been realizing a money policy as a result of which loan interest rates in many developed countries have been very high. Businesses and households benefit the most from such conditions, as their loans for investments and consumption have become cheaper. Governments of different countries benefit from it the…
March was the most successful month for terminals working at Ventspils Freeport – a total of 2.6 million tons of cargoes were transshipped, which is 21% more when compared with March 2016, as reported by Ventspils Freeport authority. In total, terminals of Ventspils Freeport had transshipped 7.1 million tons of cargoes in the first three…
Compared with December 2016, prices of most food products in Latvia increased in March. Prices declined only for imported strawberries, oranges and smoked ham in the first quarter of 2017, according to information from the Agricultural Market Promotion Center. The biggest price increase was noted for imported cucumbers (91%) – from 2.08 EUR/kg to 3.98…
Retail trade networks plan to adopt an honest reduced VAT rate for fresh vegetables, fruit and berries, as agreed upon by Agriculture Ministry, Latvian Traders Association and Latvian Federation of Food Enterprises. The ministry plans to submit a report to the government on the reduction of VAT to 5% on fresh vegetables, fruit and berries,…
The turnover of Orkla Foods Latvia reached EUR 29.9 million in 2016. 78% of the company’s turnover consisted of sales in Latvia and 22% of sales in export markets, the company reports. Last year, Orkla Foods Lativa invested EUR 1 million in production. The company also paid EUR 5.3 million in taxes in 2016. “In…
SEB Bank and Altum have signed authorization agreement for the issue of guarantees. This will help the bank speed up the processing of loan requests from small and medium-sized companies. SEB is the first commercial bank with which Altum has signed such an agreement. Financial guarantees are provided to companies that require additional security to…