In 2019 the Freeport of Riga handled 32,762,200 tons of cargo, down by 10.1% YoY. Transshipment of coal fell by 27.2%, to 10,357,700 tons, and oil products – by 7.2%, to 3,791,300 tons, while wood pellets grew by 20.4%, to 1,133,400 tons, and ore – by 29.9%, to 646,200 tons. The port’s container throughput declined…
Freight volume handled in the Port of Liepaja in 2019 fell by 2.7% YoY, to 7,334,200 million tons, the Port Authority reported. Transshipment of grain decreased by 4.6%, to 2,893,900 tons, and anthracite – by 28.2%, to 1,053,700 tons, while construction materials grew by 32.7%, to 1,011,600 tons, and oil products – by 43.6%, to…
Riga City Council’s Transport Department has signed a contract worth EUR 42.5 million with an association of suppliers OTC for the construction of a new bypass in Sarkandaugava, the department reports. The contract provides for the first stage of construction of the transport bypass over railway like Riga-Skulte. According to information available on the website…
Compared to November 2018, industrial production output fell by 0.2% in November 2019. That was affected by output drop in manufacturing by 0.8% and in mining and quarrying by 16.9%, while in electricity and gas supply there was an increase of 3.9%. Output drop was registered in more than a half of manufacturing sectors, with…
62.1% of businesses consider the quality of local and international transport and the state of roads in Latvia poor or very poor, according to Turiba University’s Business Index. 34.4% of businesses are positive or more or less positive. Generally, however, 19.6% of businesses gave this factor a negative outlook. Analyzing regional data, it was concluded…
The unemployment level decline in Latvia will become slower or even stop this year, according to bank analysts. Swedbank senior economist Agnese Buceniece says under slower economic growth demand for laborers will gradually calm down. The first signals for this came up from business surveys. “Although labor force shortage remains a significant force behind wage…
Ventas osta, the state company created to perform the functions of Ventspils port, will provide a professional and depoliticized management of the port, says Latvia’s Prime Minister Krisjanis Karins. The prime minister said that after US sanctions, it was decided to implement the plan outlined in the government declaration in regards to entrusting Ventspils port’s…