Riga City Vidzeme Suburb Court has partially satisfied the plea submitted by National Association of Construction Companies, which is responsible for the construction of Latvia’s National Library, and has enforced from Latvia’s Culture Ministry EUR 9,272,319 as well as court expenses of EUR 60,083 in favor of the said association. Culture Ministry has announced plans…
Insolvency administrator of the bankrupt Tosmare shipbuilding factory Ivars Melkis has put up the company’s owned ship repair and shipbuilding factory for EUR 2.164 million, according to published announcement. The announcement mentions that the price of Tosmare shipbuilding factory is EUR 2,163,163 with VAT. Property on sale includes two dry docks, one floating dock, as…
In January, the Freeport of Riga handled 2,841,700 tons of cargo, up by 2.6% YoY. Transshipment of coal grew by 15.9%, to 1,029,900, and wood pellets – by 58.7%, to 90,300 tons, while oil products fell by 36.5%, to 278,000 tons. No ore was handled in January. The Port’s container throughput grew by 6.5%, to…
Deposits by Latvian and European Union clients dominate in the banks operating in Latvia, as 91% of total deposits in the country are owned by local clients (80%) and EU member state clients (91%), according to the findings of the Latvian Financial and Capital Market Commission. The Commission reported, that according to its data, deposits…
A small amount of meat from sick livestock from Poland has been found in a Lido restaurant, as confirmed by Chief of Latvian Food and Veterinary Service’s Public Relations Office Ilze Meistere. She reports that Lido has received a total of 27 kg of meat, and 9 kg of aforementioned meat remains stored in the…
Compared to December 2017, the level of construction costs in Latvia increased by 5.6% in December 2018. Labor remuneration of workers grew by 8.7%, and prices of building materials – by 5.8%, but maintenance and operational costs of machinery and equipment – by 3.1%. Compared to November 2018, level of construction costs in Latvia in…
“Last year was a turning point for railway freight. The industry managed to recover from the decline, the lowest point of which was in 2017. It is too soon to celebrate last year’s grown, because this industry remains dependent on external risks and flaws caused by internal factors of the transit corridor,” says Baltic Association…