The total price index of agricultural output in 2017 increased by 11.6% YoY, which was mainly due to the rise in prices of livestock products by 25.8%. The price index of crop products grew by 2.2%. Increase in the price index of livestock products was mainly affected by significant rise in milk prices. The average…
The biggest challenge for mobility in Latvia is the large proportion of gravel roads in the country, said Chairman of Latvian State Roads Janis Lange during an annual road sector conference. 55% or more than 11,000 km of state roads have gravel surface. Nearly all of those roads are of local importance, with low traffic…
In January-March the Freeport of Riga handled 8,223,200 tons of cargo, down by 11.6% YoY. Coal transshipment fell by 8.8%, to 3,189,600 tons. Transshipment of oil products dropped by 43.3%, to 1,052,100 tons, wood pellets – by 3.5%, to 214,100 tons, while transshipment of ore surged almost 2-fold, to 99,800 tons. The port’s container throughput…
All the banks working in Latvia have proven their desire to continue working in the country’s financial sector, says manager of Finance and Capital Market Commission’s Communication Department Ieva Upleja. “So far all banks have confirmed their desire to continue working in Latvia’s financial sector,” said Upleja. As for the banks’ business plans, FCMC representative…
After a nearly seven-hour session, Riga City Council approved amendments to its budget plan that increased the city’s expenditures by EUR 42.38 million and the expected deficit to EUR 89.31 million. The opposition voted against changes. The largest increase of expenditures – EUR 36.28 million – came from the plan to realize last year’s unfinished…
Retail trade turnover in food stores grew by 9% YoY in January. This includes a 5.8% increase in non-specialized stores and 62.2% in specialized stores, according to information from Maxima retail compass industry review. 2018 commenced with increased growth rate for retail trade sector (except for retail trade of fuel) when compared with the years…
Already this year in the Kundzinsala territory of the Freeport of Riga it is planned to begin construction works for the development of a spacious, multifunctional cargo handling, warehousing and logistics center that will serve as the hub for cargo distribution and consolidation for goods and products from India and other countries to the markets…