Compared to November 2015, the average level of consumer prices increased by 1.3% in November 2016. Prices of goods grew by 0.6% and prices of services by 2.9%. In November the greatest pressure on the price changes was put by the rise in prices of food and non-alcoholic beverages, goods and services related to transport,…
OP Corporate Bank plc commenced cooperation with Latvijas Gaze in relation to the provision of a loan worth EUR 35 million. The bank acquired rights to provide the loan by winning in Latvijas Gaze tender for re-financing of capital investments. The contract for the EUR 35 million loan with Latvijas Gaze has been signed for…
Continuing last year’s autumn trend, the volume of cargoes carried by Latvijas dzelzcels had increased in November. The volume of cargoes transported by rail reached 4.46 million tons, up by 7.6% YoY. Coal transports have increased significantly. 1.8 million tons of coal was transported in November. This exceeds the index of November 2015 by 28.7%.…
In the first three quarters of 2016, Latvian enterprises were provided with bank loans for a total amount of 1.4 billion euros, up by 40% YoY, according to the estimates of the Latvian Association of Commercial Banks and Finance and Capital Market Commission. The total loan portfolio of Latvian banks was EUR 15.11 billion at…
In Q3, the current account formed a surplus of 1.5% of the country’s GDP, according to the data from the Bank of Latvia. This year’s general surplus is 1.1% of GDP. It is expected that investment inflow will remain positive. It will be slower than last year, predicts Swedbank economist Agnese Buceniece. Contribution to the…
In spite of slow non-life insurance market growth in Latvia, which had reached a mere 6% in the first three quarters, BALTA insurance association concluded the first nine months of 2016 with profits of EUR 3.2 million. According to the company’s representatives, the company’s growth has reached 14% in comparison with the same period of…
Latvia’s Dobeles Dzirnavnieks grain processing company plans to increase exports to Scandinavia, the company’s board chairman Kristaps Amsils. “This year and next year we will continue focusing on our new products with higher added value. At present we are already exporting to the Nordic countries – Denmark, Sweden and Finland. Our sales volumes are growing…