Latvia’s bread market has stabilized: demand for bread with high added value continues growing, some growth is also noted for traditional bread segments, according to analysts’ data. In Estonia and Lithuania, like Latvia, there was an increase in demand for high-quality bread. According to data from Nielsen, generally there is a slight decline (1%) on…
In Q2 compared to the corresponding period of 2016 GDP grew by 4.1%, according to seasonally and working days non-adjusted data and by 4.8% according to seasonally and working days adjusted data. During Q2, the GDP was affected by an 8% increase in the volume of industrial production, 14% increase in construction, as well as…
In the first half-year of 2017, Riga International Airport retained the leader position among Baltic airports, according to statistical data on the airport’s operational results. The airport services more than 2.7 million passengers or 46% of all passengers serviced at airports of Baltic capitals. 49% of all air cargoes were also serviced in Riga. The…
As part of the state administration reform, job cuts are planned for 58,000 employees of different institutions. This does not apply to independent institutions such as the prosecutor’s office, Saeima, State Audit and Supreme Court. The number of officials employed in Latvian state administration is higher than the average in the EU, as concluded in…
Compared to June 2016, total retail trade turnover rose by 3.1% in June 2017. Turnover of retail trade for food products increased by 1% and turnover of non-food products grew by 4.7%. The most significant growth in turnover in the non-food product group was recorded in retail sale of cultural and recreation goods (by 23.7%),…
Compared to May, the level of construction costs in Latvia increased by 0.2% in June. Labor remuneration of workers rose by 0.4%, prices of building materials grew by 0.2%, whereas maintenance and operational costs of machinery and equipment increased by 0.1%, according to data from the Central Statistical Bureau of Latvia. Compared to June 2016,…
Farmers Saeima believes Latvia’s beef industry is not sufficiently developed, and existing farms have not been sufficiently stabilized – many farms have major debt. Because of that any kind of support for the industry is welcome. Considering the recently voiced information about the possible reduction of voluntary support for livestock in 2017, the Farmers Saeima…