In 2016, the volume of electricity produced in combined heat and power plants kept increasing and accounted for 3,767.4 gigawatt hours (GWh), which constitutes 59% of the total volume of electricity generated in Latvia. Compared to 2015, last year the volume of electricity produced in CHP plants grew by 7%, and the volume of heat…
Predicting changes for housing prices in the next two to three years, 66% of interviewed Latvian residents said prices would likely increase, according to data from DNB Bank’s survey. Every tenth respondent expects housing prices to decline. 18% of respondents are confident that prices will remain the same. The highest proportion of respondents who expect…
More and more companies not only welcome but also motivate banks to develop digital services, as stated in results of Swedbank’s study. Digital services are viewed by businessmen as a major factor. They help businesses organize their work more effectively, as well as save time and ensure much better monitoring of the process. The second…
Compared to the corresponding period of 2016, construction output in Latvia increased by 8.4% in Q1 2017. Construction production output at current prices amounted to 222 million euros. Construction output growth was recorded in all types of construction: 18.9% in construction of residential buildings, 7.2% in construction of non-residential buildings and 4.1% in construction of…
Compared to April 2016, the average level of consumer prices increased by 3.4% in April 2017. Prices of goods grew by 3.2% and prices of services by 4%. Compared to April 2016, the greatest pressure on the price changes was put by the rise in prices of food and non-alcoholic beverages, goods and services related…
In spite of Latvia’s rapid economic growth, the country’s budget deficit is expected to rise considerably – from 0.8% of GDP this year to 1.8% of GDP next year, said Vice-President of the European Commission Valdis Dombrovskis in Brussels in relation to the spring economic forecast. He says that in accordance with EC’s spring forecast,…
In January-April the Freeport of Riga handled 12.225 million tons of cargo, down by 0.3% YoY. Coal transshipment climbed by 16.1%, to 4,675,900 tons, oil products dropped by 31.3%, to 2,274,200 tons, wood pellets went up by 9.8%, to 291,700 tons, ore by 8.3%, to 108,200 tons. The port’s container throughput grew by 15.2%, to…