Freight volume handled in the Port of Liepaja in January climbed by 0.4% YoY, to 570,400 tons. In the reporting period, transshipment of grain grew by 0.6%, to 248,100 tons, anthracite – fell by 90.4%, to 11,500 tons, construction materials – grew by 9%, to 50,100 tons, and oil products – 1.52-fold, to 55,400 tons.…
Latvia’s economy would benefit from some new bank entering the market, said Finance and Capital Market Commission (FKTK) head Santa Purgaile. In spite of claims that there are too many banks in Latvia, she believes it is possible for banks working in a specific niche to work together in the country. Purgaile says that although…
Compared to 2018, manufacturing volume rose by 2%, based calendar adjusted data at constant prices in 2019. Mining and quarrying decreased by 5%, electricity and gas supply – by 4.4%, but industrial production output, which includes previously mentioned sectors grew by 0.8%. Compared to the previous year, growth in manufacturing was affected by output growth…
Compared to Q4 2018, the gross domestic product (GDP) value increased by 1.1% in Q4 2019, according to seasonally and calendar non-adjusted data. Main upward pressure on the GDP was exerted by the volume increase in services sectors (according to preliminary estimates – of 0.9%), including a rise of 1.7% in retail trade. Manufacturing shows…
This year’s biggest challenges for retailers will include the decline of numbers of residents and buyer, as well as growing labor force costs, says Swedbank economist Agnese Buceniece. “The change of buyers’ habits and e-commerce remain notable challenges and impressive opportunities at the same time,” says the expert. “International observations show that e-commerce development is…
Currently there is no specific plan to use taxes to improve state goals in relation to climate neutrality in Latvia, said Economy Minister Ralfs Nemiro at a press conference after a government meeting on January 28. In the government’s approved Economy Ministry’s developed National Energy and Climate Plan for 2030 it is proposed reaching “green”…
Last year, investors’ opinion of the competitiveness of Latvia’s economy improved for nearly all indexes, as reported by EY Latvija representatives. At the same time, investors say there is a growing need for national level marketing and downstream improvements to the internal ecosystem. From a total of 17 different factors investors are the most positive…