The outlook for the development of Latvia’s economy is generally optimistic, said the governor of the Bank of Latvia Martins Kazaks on June 14. “He also said that, considering the economy’s recovery, the state might cease providing the mass aid to the national economy in June. At the same time, state aid may remain for…
In January-May, the Freeport of Riga handled 8.54 million tons of cargo, down by 15.1% YoY. According to the port’s statistics, handing of grain increased by 53%, to 1,231,200 tons, coal and coke handling fell by 88.7%, to 175,900 tons, chemicals – by 15.9%, to 493,800 tons, ore grew by 4.4%, to 270,600 tons, wood…
Entrepreneurs-leaseholders of the Freeport of Riga land and berths permanently working in the port territory, which form the basic cluster of the port companies, invested 36.3 million euros in infrastructure development last year, while the total amount of investments in the last five years reached 195 million euros, Freeport of Riga Authority reported. The investment…
In January-May, freight volume handled in the Port of Liepaja climbed by 5.7% YoY, to 2.8 million tons. In the reporting period, handling of grain and cereal products fell by 1.1%, to 1.06 million tons, and handling of anthracite – by 84.2%, to 28,800 tons, while handling of building materials climbed by 0.7%, to 282,200…
During the last year income of more than one fifth (21%) of Latvian households reduced, of 66 % – did not change, but of 13% – increased. In turn, in the following 12 months majority of households (78%) expect that their total income will not change, 15% – expect that their income will increase and…
The board of Riga Central Market – board chairman Artis Druvinieks and board member Kaspars Zauls – have stepped down. According to Riga City Council’s Communication Office, officials have informed Riga city CEO and shareholders in the company Janis Lange of their decision. Lange said Riga Central Market needed a new and capable management that…
Compared to Q1 2020, freight carried in transport by land and pipeline increased by 12.2%, but at ports – reduced by 8.2% in Q1 2021. 23.4 million tons of freights were carried by land and pipeline transport, up by 2.5 million tons or by 12.2%. An increase was observed for the first time since Q2…