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Wednesday 23.08.2017 | Name days: Valgudis, Ralfs, Vitālijs
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Businessmen: crisis allowed to develop as well

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Baltic news, News from Latvia, BNN-NEWS.COM, BNN-NEWS.RUDespite negative trends of a downfall, it is also possible for companies to develop and invest in modernization, Ventspils businessmen told in the business portal Nozare organized discussion.

If if 2006 and 2007 we could make profit, then now we can develop, which we could not back then, because the land cost as much as in Switzerland, while construction – as in Sweden, says Edvīns Bergmanis, AS Diāna Board Chairman.

He owns grocery stores under the name top! and several home and garden stores Mājai un dārzam not only in Ventspils but also other cities of Latvia. The company launched seven new shops during the crisis.

Regardless the low remuneration, the staff is more hardworking now, they are more motivated. Everyone, starting from a janitor to a manager, is active in generating ideas, Bergmanis says.

Compared to 2009, food products turnover has surged, still lagging far behind the one of the fat years. Similarly, the turnover is up also for home and garden items, which also cannot even be compared with the one when the purchasing capacity was not that poor, he stresses.

Every company is, of course, interested in as low taxes as possible, however, there is another thing that shocks Bergmanis.

I cannot understand why the VAT has to be raised exactly on the turn of the year, he says, asking if that is some kind of a magical date.

Meet processing company in Ventspils SIA Miesnieks developed during the crisis as well, its owner Aigo Gūtmanis says, adding that the company has invested in premises and equipment.

Of course, construction costs are much lower now than in 2007 and 2008, Gūtmanis stresses, adding that it was very difficult to attract bank loans during the crisis, thus the company has operated with its own funds.

Some positive trends of the crisis were noticed also by the businessman Jānis Vašuks, who owns wooden windows and doors factory and construction company SIA Arbo and SIA Eko mājas. His company managed to launch a new production facility Dendrolight exactly during the crisis. Moreover, SIA Dendrolight Latvija now produces the first wood cells in Latvia.


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