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…
Compared to October, the level of producer prices in Latvian industry dropped by 0.1% in November. The level of prices of products sold on the domestic market dropped by 0.5%, however prices of exported products increased by 0.3%. The level of prices both of products exported to euro area countries and of products exported to…
At the beginning of December total tax debts in Latvia, including outstanding, halted and extended debts, were equal to EUR 869.367 million, down by 1.9% MoM, according to data collected by a debt-reclamation company, the moorcroft group. This includes EUR 467.007 million tax debt to the state base budget, down by 2.9%, EUR 273.209 million…
In January-November the Freeport of Riga handled 30,040,600 tons of cargo, down by 9.4% YoY. Transshipment of coal fell by 225.9%, to 9,593,200 tons, and oil products – by 10%, to 3,397,600 tons, while wood pellets grew by 21.6%, to 1,007,900 tons, and ore – by 6.8%, to 531,100 tons. The port’s container throughput grew…