Latvian national airline, airBaltic, plans to launch Riga-Almaty flights next year. “I can now say that starting next year airBaltic will fly through Almaty. I think it will be a direct flight between Riga and Almaty. This year, we have obtained new Bombardier CS 300 aircrafts. Besides, nearly 60 direct flights connect Latvia with other…
Compared to August, the level of construction costs in Latvia grew by 0.2% in September. Labor remuneration of workers rose by 0.5%, maintenance and operational costs of machinery and equipment by 0.2%, and prices of building materials by 0.1%. Compared to September 2016, construction costs increased by 2.3%. Labor remuneration of workers grew by 4.3%,…
Latvian Transport Ministry is currently engaged in reviewing specific offers for attraction of investors for airBaltic. A full privatization of the company is not out of the question, says the ministry’s state secretary Kaspars Ozolins. He says attraction of an investor is the main challenge at the moment. “We have been very productive lately. The…
In the first eight months of 2017, a total of 102.259 million liters of alcoholic drinks were exported from Latvia, up by 54.14% YoY. 89.2% of this volume was exported mostly to Russia. 10.8% was exported to European Union member states, according to excise tax circulation indexes compiled by Latvian State Revenue Service. Exports of…
Juice and sauce producer Orkla Foods Latvija owned by the Norwegian conglomerate Orkla Group is investing 122 thousand euros in a new production line and in the development of new product-packaging design. Representatives of the firm unveiled: “In the factory located in Spilve, Babites novads, works have been launched to install a new production line.…
In January-September the Freeport of Riga handled 25,490,700 tons of cargo, down by 5.1% YoY. As the port authority reported, coal transshipment climbed by 2.5%, to 9,331,400 tons, oil products dropped by 33.4%, to 4,320,600 tons, wood pellets went up by 13.5%, to 474,100 tons, ore – by 31.1%, to 365,200 tons. The port’s container…
The average price level in Latvia in September, as compared to September last year, increased by 2.9%, according to official estimates. The Central Statistical Bureau of Latvia stated, that over the period prices were affected the most by rising prices of food and non-alcoholic drinks, goods and services linked to transport, the group of miscellaneous…