Compared to April 2016, industrial production output increased by 9.6% in April 2017. Industrial production output in manufacturing grew by 6.2%, in mining and quarrying by 20.7%, and in electricity and gas supply by 18.8%. Increase in manufacturing was significantly affected by the rise in manufacture of electrical equipment (by 31.9%), manufacture of computer, electronic…
On June 2, Latvian airline airBaltic received the fourth out of twenty ordered Bombardier CS300 aircraft. airBaltic plans to expand its existing fleet of CS300 aircraft to 8 in 2017. Airline’s representatives say a more modern fleet will help expand and service 13 new destinations, as well as increase ticket sales by 15%. “The fourth…
Compared to Q1 2016, the volume of freights carried by land and pipeline transport increased by 3.6 million tons or by 13.6% in Q1 2017. The most notable growth in the volume of freights carried was recorded in road transport – of 2.6 million tons or 22.2%. The volume of freights carried by land and…
Compared to April 2016, total retail trade turnover rose by 2.8% in April 2017. Turnover of retail trade in food products increased by 1.7% and turnover of retail trade in non-food products grew by 4%. The most significant growth in turnover in the non-food product group was recorded in retail sale of information and communication…
This week, Latvian Economy Minister Arvils Aseradens will invite businesses to contribute to development of innovations, adding that the country’s healthy development requires businessmen as invaluable partners, because development of products, services or innovations also contributes to the development of separate industries. Next week’s agenda states that Aseradens will take part in multiple events organized…
Compared to March, the level of construction costs in Latvia increased by 0.9% in April. Labor remuneration of workers grew by 2.9%, prices of building materials increased by 0.5%, whereas maintenance and operational costs of machinery and equipment rose by 0.4%. Compared to April 2016, construction costs increased by 2%. Labor remuneration of workers rose…
Trade of natural gas to legal clients in Latvia has commenced. Latvenergo’s Elektrum product offers fixed-price contracts for 12-month supply period. The first gas supply contracts have been signed with clients in Latvia, the company reports. As reported by the company, Latvenergo is the largest gas consumer in Latvia. The company uses approximately 40% of…