On November 25, the Operational Management Group (OVG) reached a conceptual agreement to permit Christmas markets in spite of Covid-19 pandemic in Latvia, as confirmed by the Ministry of Economics. Although discussions between the Ministry of Economics and Ministry of Health continue on this topic, it is clear Christmas markets will be allowed to work…
The total worth of the businesses included on the Top 101 list reached EUR 22.5 billion in 2021. Compared to last year’s list, the total value has increased 37%. According to Nasdaq Riga, to be put on the Top 101 list a company’s value needs to be EUR 72.88 million when compared to EUR 49.39…
In October, passenger turnover at Riga International Airport comprised 351 thousand passengers, up 3.9-fold YoY and by 5.1% MoM. This is the second largest number of passengers at airport since the beginning of pandemic in March 2020. However, compared to October 2019 before the pandemic, when there were 705.2 thousand passengers, the drop comprises 50.2%,…
In January-October, freight volume handled in the Port of Liepaja rose by 9.2% YoY, to 5.79 million tons. In the reporting period, handling of grain and cereal products rose by 2.6%, to 2.24 million tons, handling of anthracite – sank by 88.5%, to 28,800 tons, handling of building materials declined by 1%, to 637,900 tons,…
Latvian Stevedoring Company Association has signed a cooperation memorandum with a non-commercial organization Directorate for International Transport Corridors (DITC) created by the Ministry of Transports of the Russian Federation. By signing the memorandum the two parties have agreed to develop and strengthen mutual professional cooperation, study and analyze modern trends in transit and logistics business,…
On November 15, Latvia’s parliament commenced the viewing of the 2022 state budget package. In ten hours MPs reviewed one-third of all submitted legislative drafts. So far the parliament has tackled five out of 14 legislative drafts and 46 out of 567 proposals. Most proposals were received specifically for the legislative draft On the Medium-Term…
In October, the port of Riga handled almost 2 million tons of cargo, down by 1.4% MoM. In ten months, the Port of Riga handled 17.26 million tons of cargo, almost a third part of the volume was various forestry cargo shipped from Riga to 22 countries around the world, most often to Great Britain,…