A total of 3.5 million passengers were serviced at Latvia’s international airports in the first half-year of 2019, up by 9.6% YoY, according to data compiled by the Civil Aviation Agency (CAA). At the same time, the number of serviced flights has increased by 7.57%. While the number of serviced flights was 40,117 last year,…
Industrial production output in Latvia in May when compared to the same period of 2018 increased by 1.7%, which was a more rapid growth rate than the average in the EU, according to data published by Eurostat. Among the EU member states for which data was available, industrial output growth was more rapid in Denmark…
Freight volume handled in the Port of Liepaja in January-June fell by 5.5% YoY, to 3.655 million tons, the Port Authority reported. Transshipment of grain fell by 23.9%, to 1,306,800 tons, while of anthracite grew by 16.8%, to 772,000 tons, construction materials – by 12%, to 450,500 tons, and oil products – by 5%, to…
Compared to April, the level of construction costs in Latvia grew by 0.6% in May. Labor remuneration of workers increased by 1.7%, prices of building materials by 0.5%, and maintenance and operational costs of machinery and equipment by 0.1%. In May, the average level of construction costs was affected the most by the increase in…
The highest proportion of tax debtors in Latvia is found in furniture manufacture and public catering sectors, according to a study performed by Lursoft. The study reveals that the total size of tax debts of companies reaches EUR 611.75 million and more than 39,000 are found among tax debtors in the country. This means one-fifth…
The council of the Latvian state energy giant AS Latvenergo has been removed by Economy Minister over lack of productivity. Yet its members have stated they are satisfied with the achievements of their work. Latvian Economy Minister Ralfs Nemiro (KPV LV) removed the council of the state capital company on June 19. Nemiro thanked council…
In April the foreign trade turnover of Latvia was 9.5% larger than a year ago, of which the exports value of goods was 2.9% and imports value of goods 15.3% higher, show provisional data of the Latvian Central Statistical Bureau. According to data published by the body, in April Latvia exported goods in the amount…