Riga International Airport concluded the first half-year of 2018 with turnover increase of 13% when compared to the same period of 2017, according to the airport’s unaudited and shortened account for the six-month period before June 30. Compared to last year’s turnover in the same period, the airport’s net turnover has increased by 13% or…
Members of Saeima’s Economic, Agricultural, Environmental and Regional Policy Committee supported amendments to the Handling of Alcoholic Beverages Law, stating that small breweries would be allowed to use products grown only in Latvia. With amendments it is planned to define that small breweries are private persons or businessmen that produce wine, fermented beverages, and other…
The administrator of the liquidated Trasta komercbanka has recovered EUR 320,501 in July, which is much more than the amount recovered a month prior, when EUR 5,054 was recovered. All of the money recovered in July was recovered from issued loans. So far in 2018 the administrator has recovered a total of EUR 1.875 million.…
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…