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…
Port of Riga said October was the most successful month of the year in regards of cargo turnover, as well as the most successful October in the port’s history. The monthly cargo turnover at the port reached 3.54 million tons, up by 18% MoM and by 7% YoY. The largest contribution to the growth of…
The next meeting of the Turkmenistan-Latvia intergovernmental commission on economic, industrial, scientific and technical cooperation will be held in Riga, the Turkmen government said in a message. During the meeting it is planned to discuss the opportunities of expanding the cooperation in transportation and communication sector, in the spheres of agriculture, construction, healthcare, as well…
In January-October the port of Ventspils handled 15.5 million tons of cargo (-19.7%, YoY), the port authority says. In October the port handled 1.4 million tons of cargo. Transshipment via Ventspils Nafta terminals totaled 6.6 million tons (-21%), via Baltic Coal Terminal dropped by 50% to 767,000 tons, via Ventspils tirdzniecibas osta – by 32%…
In January-October the Freeport of Riga handled 30,410,900 tons of cargo (-8.8%, YoY). According to the port authority, coal transshipment fell by 12.2% to 10,611,100 tons, oil products – by 20.7% to 7,051,400 tons, wood pellets – by 11.4% to 438,800 tons, ore went up 1.7 times to 337,600 tons. The port’s container throughput climbed…