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,…
The railway electrification project in development by LDz is potentially lethal for Latvia’s national economy, says former head of Corruption Prevention and Combating Bureau’s Operative Investigations Office Juris Jurass, adding that it may be one of the biggest crimes currently being planned in the country. Jurass asked Aivars Lembergs if talks similar to those that…
In 2016 gross consumption of renewable energy resources in Latvia constituted 68.7 petajoules (PJ). Compared to 2015, the consumption of renewables has risen by 5.7%, whereas over the past ten years – by 14.1%. As the gross consumption of renewable resources (mainly formed by domestic energy resources) increased, Latvian dependence upon imported energy resources reduced…