The majority of banks whose business activities are associated with servicing non-residents will continue working in Latvia, as confirmed by Finance and Capital Market Commission Peters Putnins. He said that a previous outlook stated that certain banks could cease working in Latvia because of the restriction for banks to cooperate with shell companies. “This outlook…
On June 16-22 the Freeport of Riga Authority together with the port companies Rigas Universalais Terminalis (Riga Universal Terminal) and Nacionalais konteineru terminals (National Container Terminal) participated in a visit to China by the Minister for Transport Uldis Augulis and companies of the Latvian transport sector. Within the framework of this visit, an agreement was…
Latvian ports handled 27.072 million tons of freight in the first five months of this year, down by 7.5% YoY, according to data compiled by Transport Ministry. The majority of freight handled by Latvia’s ports consisted of bulk cargoes – 14,701,000 tons, down by 6.7%. The volume of coal handled by ports was 7,852,000 tons,…
To the Latvian state budget, a total of 3.8 billion euros have been paid in the first five months of 2018, up by 11% YoY, the Latvian State Revenue Service stated. According to the calculations by the Latvian tax collector, among the revenue that has contributed the most to the increase, is the company income…
Freight volume handled in the Port of Liepaja, Latvia in January-May climbed by 10.2% YoY, to 3,184,700 tons, the Port Authority says. In the reporting period, transshipment of grain grew by 31.4%, to 1,374,100 tons, construction materials – by 17.6%, to 261,700 tons, and timber – by 50.2%, to 214,100, while transshipment of oil product…
The unusually high temperatures and lack of precipitation this May in Latvia have added to the adverse effects that last year’s chilly and wet summer has had in the field of fruit growing, the leadership of the Latvian Orchardman Association, has warned. The non-governmental organization unites around 400 hundred of the largest fruit and berry…
In January-May the port of Ventspils handled 8.380 million tons of cargo, down by 22% YoY, the port authority reported. Transshipment of liquid bulk cargo fell by 17%, to 4.814 million tons, dry bulk cargo – by 38%, to 2.427 million tons, while general cargo grew by 11%, to 1.139 million tons. The port’s container…