Minister Janis Duklavs met with NGOs at Agriculture Ministry’s Fishing Advisory Council meeting and discussed with them European Commission’s proposal for fishing opportunities in the Baltic Sea in 2018. EC’s proposal for fishing opportunities would affect Latvia the most negatively in relation to eastern cod (project suggests a 28% reduction) and herring (7%). There is…
After the introduction of the tax reform, tax accounting will become more complex. And this is not because it will take several years for businesses, private persons and tax inspectors to get used to the system. The new laws in general are not meant to make things simpler, says Latvian Tax Consultant Association board member…
In January-August the port of Ventspils handled 15 million tons of cargo, up by 17% YoY. According to the port authority, in August the port handled 152 million tons of cargo (+8%). The growth was mainly driven by the increase in transshipment of coal and cargoes carried by ferries. The number of passengers carried by…
According to data from the Central Statistical Bureau of Latvia, consumer price level in August, when compared with July, declined by 0.2%. Prices for goods declined by 0.6% and prices for services increased by 0.6%. The price decline in August was associated with seasonal factors, reports Economy Ministry. Still, the price decline in August was…
In January-August the Freeport of Riga handled 22,716,500 tons of cargo, down by 4.8% YoY. According to the port authority, coal transshipment climbed by 5.2%, to 8,373,800 tons, oil products dropped by 34.4%, to 3,882,300 tons, wood pellets increased by 15%, to 444,900 tons, and ore by 35.7%, to 365,200 tons. The port’s container throughput…
In August terminals working at Ventpsils port transshipped at total of 1.5 million tons of cargoes. This year’s cargo turnover, on the other hand, has reached 15 million tons, which exceeds last year’s volume by 17%. Data published by Ventspils Freeport authority show that cargo turnover in a monthly perspective was 1.5 million, up by…
Large energy consumers will have to adopt energy management or energy audit by April 2018, Economy Ministry declared. Economy Ministry has sent letters to more than 1,000 businesses, asking them to perform energy audits and perform appropriate energy efficiency measures in the next four years to reduce general energy costs and thereby increase their competitiveness,…