bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Ceturtdiena 23.11.2017 | Name days: Zigfrīda, Zigrīda, Zigrīds
LatviaLatvia

Industrial production output in Latvia grew 12.9% in September

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUCompared to September 2016, industrial production output increased by 12.9 % in September 2017. Rise was recorded in manufacturing (of 7.1 %), mining and quarrying (22.8 %) and electricity and gas supply (38.2 %).

Increase in energy sector was influenced by the growth in the volume of electricity produced in hydro-power plants, according to data from the Central Statistical Bureau of Latvia.

Compared to September of the previous year, increase in manufacturing output was caused by the output rise in medium high technologies industries: manufacture of motor vehicles, trailers and semi-trailers (of 50.9 %), manufacture of machinery and equipment (27.1 %), manufacture of chemicals and chemical products (24.5 %), and manufacture of electrical equipment (19 %). Growth was also observed in manufacture of food products (of 1.6 %) and manufacture of fabricated metal products, except machinery and equipment (19.3 %).  In manufacture of wood and wood articles – the sector having the largest share in industrial production – there was a drop of 0.3 %.

Compared to August 2017, industrial production output went up by 1.4 % in September 2017, of which by 1.7 % in mining and quarrying, by 25.8 % in electricity and gas supply, whereas in manufacturing there was a decline of 1.3 %.

Compared to September 2016, manufacturing turnover increased by 8.6 % in September 2017.Turnover on the domestic market grew by 7 % and in export by 10.3 % (of which by 12.8 % in euro area and by 8.4 % in non-euro area).

Compared to August 2017, manufacturing turnover fell by 1.4 % in September 2017. Turnover on the domestic market dropped by 1.5 % and in export by 1.3 % (of which by 3.7 % in euro area, while in non-euro area there was a rise of 2.1 %).

Ref: 224.109.109.4240


Leave a reply

Polish shipbuilder accused of bribing Port of Tallinn management

A senior executive of Remontowa Shipbuilding, a Polish shipbuilding company, is facing accusations of handing large bribes to former senior figures Port of Tallinn, the Estonian state-owned port operator.

Lībiņa-Egnere may be appointed head of Saeima’s National Security Committee

Unity member Inese Lībiņa-Egnere may be appointed as the new head of Saeima’s National Security Committee, as reported by Latvijas Avīze.

Expert: real estate transaction volume this year may reach 100 million euros

The volume of commercial real estate transactions in Baltic States may exceed EUR 1 billion. Latvia, meanwhile, remains behind its neighbouring countries because the volume of transactions in the country may reach EUR 100 million, says CEO of Colliers International Deniss Kairāns.

Finnish medication prescriptions to be valid in Estonia

In Estonia, Finland's digital prescriptions of medications will be valid from summer 2018 and vice versa – from around mid-2019.

Talks commence on restoring ferry traffic between Ventspils and Saaremaa

On Wednesday, 22 November, a delegation from Saaremaa municipality arrived at Vetnspils Freeport to discuss with representatives of Ventspils municipality and freeport the proposal to restore ferry traffic between Saaremaa and Ventspils.

Family of killed Maltese journalist take police to court

The family of the killed Maltese journalist Daphne Caruana Galizia has sued police believing that it does not perform an impartial investigation.

Saeima reduces VAT for vegetables, berries and fruits typical for Latvia

Starting 2018, a reduced VAT rate will be applied for fresh fruits, berries and vegetables in Latvia. This is provided by amendments approved by the Saeima on 22 November for Law on Value Added Tax.

Georgian anti-terrorist raid ends tragically

In the Georgian capital Tbilisi, security officers have conducted an anti-terrorist raid in an apartment, where a shoot-out has started and three suspected militants and a special forces' soldier have been killed.

Jerošenko: Ušakovs offers unhealthy policy, Harmony is used as Lembergs’ «satellite party»

«Cooperation between Harmony and Aivars Lembergs’ Union of Greens and Farmers has always existed. It existed even before Harmony first appeared in Riga City Council. The situation is the same in the Saeima, even though Concord is in the opposition. Still, in situations when one or the other matter important to Lembergs appears, one does not have to be a great politologist to notice the ties between those parties...

Bosnian Serb commander punished with life imprisonment for Srebrenica

The UN the International Criminal Tribunal for the former Yugoslavia handed a life imprisonment sentence to Ratko Mladić after it found the former commander of Bosnian Serb forces guilty of genocide and crimes against humanity committed in the 1990s during the Bosnian War.

EC positive about Latvia’s 2018 budget project

Based on the conclusion from the European Commission, Latvia’s budget project for 2018 fully fits conditions listed in the Stability and Growth Pact. In accordance with EC’s estimates, the structural balance of Latvia’s general budget is viewed at -1.8% of GDP. Government budget expenditures, on the other hand, are expected to grow by 7.1 percentage points.

Producer price level in Latvia declined 0.2% in October

Compared to September, the level of producer prices in Latvian industry dropped by 0.2 % in October 2017. Prices of products sold on the domestic market decreased by 0.5 %, while prices of exported products went up by 0.1 %.

Vaškevičs feels «harsh but fair» attitude from court justice system in Austria

Former deputy director of Latvia’s State Revenue Service Vladimirs Vaškevičs, who is accused of bribery and whose extradition from Austria has been a priority for Latvian authorities for some time now, says he feels «harsh but, thank God, fair» attitude from the Austrian court justice system.

Antāne: lost Russian cargoes have cost Latvia nearly 50 million in nine months

Latvia’s economy has lost nearly EUR 50 million in nine months because of missed Russian transit cargoes. While Russian Railway had approved 90% of oil and coal cargoes for transit through Ventspils port at the beginning of the year, this amount had declined to a mere 5% by September, says Baltic Association – Transport and Logistics President Inga Antāne.

In pictures: Museum of painter, Holocaust survivor Bak opened in Vilnius

In Vilnius, a museum to Jewish-Polish painter Samuel Bak has been opened. During the occupation of Lithuania by the Nazi Germany, the artist survived the Holocaust in the country.

Ratio of old people and invalids on a rise among unemployed people

The total number of unemployed people has been decreasing in recent years. However, the ratio of old people and invalids continues increasing in the ranks of unemployed people. On top of that, the number of lasting unemployed people remains high and largely unchanged in the country.

Saaremaa looking into possible ferry traffic to Latvia

The local government of the largest Estonian island is looking into possible interest of five shipping companies in opening ferry traffic between Saaremaa and Latvia.

Balta: exhaustion and overload are the most common causes for accidents at work

More than EUR 20,000 has been paid in compensations for injuries acquired at work this year so far, according to information from insurance association Balta. Compared with the same period of last year, the number of accidents has grown 40%.

Estonian town tempts population to reregister with spa in Latvia and 100 euro payment

The town of Keila, located 25 kilometres away from Tallinn, has started a one-and-a-half month campaign to motivate its residents to register back in the town as many of them have registered in the Estonian capital, which grants free public transport to its population.

EU to impose fine to Poland if logging in Białowieża forest not stopped

The European Court of Justice has issued to Poland a 15-day deadline to provide proof that the country has fulfilled the court's ruling to quit logging in the ancient Białowieża forest threatening with a daily fine of 100 000 euros if it fails to prove this.

Rīgas namu pārvaldnieks: building restoration will be next year’s priority

Rīgas namu pārvaldnieks plans to focus on improving technical state of its managed buildings. The company plans to restore several dozen buildings next year and up to 100 buildings a year in the next five years, says RNP chairman Aivars Gontarevs.

LCB: even deputies should fulfil their promises

Latvijas ceļu būvētājs, which is an association in Latvia with ties to multiple road and bridge construction companies, invites deputies to support the proposal for the restoration of the State Road Fund, BNN was told by the association’s chairman Andris Bērziņš.

Russia rejects claims of nuclear accident despite radioactive cloud over France

Russia has stated that a nuclear accident has not taken place in its territory although its weather service has found high amounts of traces of a radioactive isotope.

Study: taxes for business in Latvia – the most attractive among Baltic States

Latvia’s tax system is the most attractive among Baltic States and 13th most attractive among 190 countries of the world, according to the latest study performed by the World Bank and PricewaterhouseCoopers on tax systems around the world.

Turkish journalist punished with prison term for tweet

A court in Turkey has sentenced on Tuesday, November 21, a journalist from opposition newspaper Cumhuriyet to three years behind bars over accusations of spreading terrorist propaganda in relation to a post on Twitter, which had been briefly on the microblogging site this spring.

Newest comments