The average milk procurement prices in November 2017 increased by 16% YoY, according to information from Latvian Central Union of Dairy Farmers (LPCS). LPCS chairman Janis Solks said that the average procurement price was EUR 327 per ton and 0.1% higher in comparison with October 2017. He says milk procurement price has grown by 47%…
Latvia’s economic growth in 2017 was significantly more rapid than in previous years. GDP growth in the first three quarters of 2017 was 4.7% higher than in the same period of the previous year. Economy Ministry predicts GDP growth could reach at least 4.5% for 2017. The ministry notes – compared with the previous four…
Starting from January 1, the minimal wage in Latvia will be EUR 430, which is EUR 50 higher than it was the year before. This is provided by amendments approved by the Cabinet of Ministers in regards to minimum monthly wage amount for standard work time and calculation of the minimal hourly rate. Previously, Welfare…
In the next three years Latvia’s economy will grow by more than 3% every year, predicts Latvian Finance Minister Dana Reizniece-Ozola. “In 2018, the state budget will focus on improving healthcare. The Saeima has approved of a law that puts healthcare at the top of budget priorities. Other important fields include the country’s internal and…
The port of Riga handled 31.1 million tons of various types of cargo during the first 11 months of this year. This November was especially successful for the port of Riga, as it was able to handle more than 3 million tons of various types of cargo, displaying one of the highest monthly results this…
In the first ten months of 2017, a total of 71.5 million liters of beer was produced in Latvia, up by 9.36% YoY, according to data compiled by the State Revenue Service. 89.28 million liters of beer were imported to Latvia in ten months of 2017, up by 16.15% YoY. 136.9 million liters of beer…
Aldaris concludes 2017 with three new contracts, commencing exports of products to China, France and the Netherlands. Until now Aldaris has exported products to eight markets, with the largest being United Kingdom, taking up 78.71% of Aldaris export volume, as reported by the company. Aldaris board member Sigita Ozola comments: “We are truly satisfied with…