Defense Ministry currently performs the final assessment of procurement offers for 4×4 light and medium-sized tactical transports for the country’s National Armed Forces. Talks regarding procurement of 4×4 light and medium-sized tactical transports were organized in two stages. Twelve contenders submitted applications for the first stage. Defense Ministry’s procurement commission picked six for the second…
In January-July the port of Ventspils handled 11.58 million tons of cargo, down by 15% YoY, the port authority reported. Transshipment of liquid bulk cargo fell by 10%, to 6.558 million tons, dry bulk cargo – by 29%, to 3.451 million tons, while general cargo went up by 9%, to 1.571 million tons. The port’s…
Compared to June 2017 total retail trade turnover rose by 5.6% in June 2018. Turnover of retail trade in food products increased by 6.4%, turnover of retail trade in non-food products, except for retail sale of automotive fuel, rose by 5.1%, whereas turnover of retail sale of automotive fuel – by 4.8%. The most significant…
Compared to May the level of construction costs in Latvia grew by 0.4% in June. Labor remuneration of workers grew by 0.6%, prices of building materials – by 0.5%, but maintenance and operational costs of machinery and equipment – by 0.1%. In June the average level of construction costs was mostly affected by an increase…
Commercial banks still have the largest segment in Latvia’s finance and capital market – 84% of the sector’s assets, according to data from Finance and Capital Market Commission. According to FCMC report from 2017, as a result of changes in the finance sector, the volume of foreign clients’ deposits in Latvian banks declined 30% in…
The administrator of the liquidated Latvijas Krajbanka recovered EUR 1,038 million in June, up 6.9-fold MoM, according to the official outlook published in Latvian Herald. The bank’s administrator has recovered all the money from issued loans in June. With that the administrator recovered EUR 1.865 million in the first half year of 2018. At the…
The volume of foreign deposits in Latvian banks, including ABLV Bank in the middle of its liquidation, declined to 28.7% in June when compared to 39.7% at the end of 2017, according to the latest information from the Finance and Capital Market Commission. Without ABLV Bank, the volume of foreign deposits comes down to 22.1%.…