Industrial production in Latvia fell by 2% in five months

In the manufacturing industry, there was a 4.3% decline in the first five months of 2024 compared to the same period last year, while in electricity and gas supply there was an increase of 5.3%, and in mining and quarrying – by 15.5%. In May 2024, compared to May 2023, the volume of industrial output, … Read more

The Latvian hospitality trade won’t return to pre-pandemic ranges

On the similar time, the variety of nights spent in Latvian lodges and different locations for vacationer lodging by overseas visitors within the first 4 months of 2024 in comparison with the identical interval in 2023 elevated by 4.5% and amounted to 595,000, and the variety of in a single day stays by native residents … Read more

The overall price of products imported to Latvia from the Russian Federation and Belarus fell by 13.4%

On the identical time, within the first 4 months of this yr, Latvia exported items to Russia and Belarus totaling 389.388 million euros, which is 11.4% or 50.023 million euros lower than within the first 4 months of 2023. Within the first 4 months of 2024, Latvia imported items from Russia value 187.441 million euros, … Read more

Land freight transportation collapsed in Latvia (GRAPHIC)

Within the first three months of 2024, in comparison with the primary three months of 2023, the amount of cargo transportation decreased throughout all modes of transport – by rail, street and sea. Transportation by way of the oil pipeline was not carried out. Within the first quarter of this yr, 15.406 million tons of … Read more

Industrial output fell once more in Latvia (GRAPHIC)

The manufacturing business noticed a 4.3% year-on-year decline within the first 4 months of 2024, whereas the electrical energy and fuel provide business grew by 4.5% and the mining and quarrying business by 19%. 9%. In April 2024, in comparison with April 2023, the quantity of commercial output, in keeping with calendar-adjusted knowledge, decreased in … Read more

Why aren’t residences on the market in microdistricts of the capital?

Two causes In April, the common value for standard-type residences remained at 850 euros per sq. meter. Costs have been on common 48% decrease than on July 1, 2007, when the common value of an unrenovated standard-type condo reached its historic most of 1,620 euros per sq. meter. In flip, in comparison with the start … Read more

The amount of alcohol produced in Latvia elevated by 77.7%

The LETA company reviews this on the subject of indicators of the turnover of excisable items compiled by the State Income Service (SRS). Typically, in Latvia over the three months, an absolute quantity of three.081 million liters of alcohol was produced, which is 1.347 million liters greater than within the three months of 2023. Of … Read more

furnishings manufacturing confirmed the largest failure

Manufacturing output decreased essentially the most in furnishings manufacturing – by 23.3%. The decline within the manufacturing of vehicles, trailers and semi-trailers was 18.7%, computer systems, digital and optical gear – 15.9%, clothes – 13.8%, and in printing and file replica – 4.6%. In one of many three largest manufacturing industries by share – the … Read more