bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Tuesday 28.02.2017 | Name days: Skaidrīte, Justs, Skaidra
LatviaLatvia

SEB: mood of Latvian farmers gradually improves

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUThe overall mood of Latvian farmers has improved in comparison with the previous year. Such are the results of the recent SEB Bank’s Baltic Business Outlook. More than 70% of farmers plan to increase turnover this year. 50% of farmers are prepared to invest in the development of their activities.

According to results of the survey, turnover growth of more than 15% is expected by 31% of Latvian farmers, which is 20 points more in comparison with the previous year. 43% of farmers believe their turnover will grow 15%. At the same time, the number of pessimists has grown by 3 percentage points – 26% of rural businessmen are preparing for a drop in turnover.

SEB Bank board member Arnis Skapars: «Agriculture in Latvia has been demonstrating stable growth for some time. This is related to tendencies observed on the global market and the continued improvement of competitiveness of Latvian entrepreneurs, which is enhanced by the available EU funding in this area. Agriculture is very sensitive and depends for the availability of EU funds and Rural Support Service. Considering the finances provided by structural funds available to farmers this year, optimism among farmers continues to grow. Rural entrepreneurs take on loans more actively and plan their investments accordingly – buy land and invest in development of their business. Survey data shows that 50% of farmers plan investments up to EUR 30,000 this year. Farmers were active last year as well – enterprises working in the agriculture sector were provided with funding from SEB bank work approximately EUR 40 million.»

Availability of funding provided by EU structural funds last year had contributed to farmers activity in relation to modernizing their equipment. Activity in the leasing sector had grown 72% last year. The volume of allocated funding had grown 29% and had reached EUR 20 million.

SEB Leasing manager Nellija Kocanova: «This year’s changes to Latvia’s legislation made it more difficult for Latvian farmers to lease agricultural equipment in cases where farmers were eligible for funding from structural funds. Nevertheless, we managed to find a solution to preserve support for farmers. We have noticed that rural entrepreneurs from Vidzeme remain the most active in this segment. Survey results also show that entrepreneurs from Vidzeme are the most optimistic among entrepreneurs in Latvia – they plan to increase turnover and carry out investments. This also applies to entrepreneurs in Riga.»

Ref: 102.109.109.9852


Leave a reply

Second line of border fence to be erected by Hungary

Hungary has launched works to erect a second line of fence on its border with Serbia, Hungarian government announced on Monday, February 27.

Latvijas aptieka to gather previously bought pharmacies under its brand

Pharmaceutical company Olainfarm plans to add previously bought pharmacies to its owned Latvijas aptieka brand, according to information from Firmas.lv.

FCMC requests insolvency for Trasta komercbanka at court

Finance and Capital Market Committee has submitted a plea to Vidzeme District Court to find Trasta komercbanka insolvent, FCMC representatives say.

Healthcare Ministry hopes to attract doctors to work outside Riga using additional pay

Using single-time and monthly payments, Latvian Healthcare Ministry hopes to attract doctors to work outside of Riga.

Nekā personīga: FM promises cheaper life for Latvia; Lembergs objects

Finance Ministry promises cheaper life for Latvian residents. However, reduction of PIT would impact municipalities the most. Because of that, a situation has formed when Aivars Lembergs, the infamous Mayor of Ventspils accused of serious crimes, and Finance Minister Dana Reizniece-Ozola have come head to head.

Paulins steps down from his post in Latvijas Radio; criticizes NEPLP for lack of professionalism

Aldis Paulins, Chairman of the board in Latvijas Radio, has announced his decision to step down from his post in March.

Estonian company total profits down 10%, total sales – up 2%

The total profits of Estonian firms in 2016 have continued to decrease for the second year in a row and were 2.7 billion euros last year, which is a 10% fall, if compared to 2015.

RNP failed to notice that wrong companies were working on expensive contract

Rīgas namu pārvaldnieks failed to notice in time that the wrong companies were realizing a contract worth two and a half million euros. RNP made no efforts to make sure the companies that won the tender would tackle the realization of the order, as reported by De Facto programme.

Calendar of cultural events in Lithuania. Kaziukas Fair

BNN offers you a selection of cultural events in Lithuania for the week during February 27– March 5.

Opinion: Latvia and Lithuania share similar situations with grey economy

Latvia and Lithuania both have the same situation when it comes to combating the grey economy. This is because residents often justify the existence of envelope wages and other illegal symptoms, says the head of Lithuanian Free Market Institute Zilvinas Silenas.

Classic Nokia 3310 reissued

Almost 17 years after its original launch, Finnish company HMD Global has released a revamped version of the classic mobile phone.

Senate meeting to discuss RPIVA’s addition to University of Latvia

On Monday, 27 February, a Senate meeting will be held in the main building of the University of Latvia. During this meeting, it is planned to discuss the matter regarding the addition of Riga Teacher Training and Educational Management Academy to the university.

Mass protest in Moscow remembering slain Nemtsov

A Moscow memorial march of killed Russian opposition leader Boris Nemtsov has been attended by several thousand people.

Coalition partners do not oppose raising capital tax

Partners of the ruling coalition in Latvia have no objections against the possible labour tax reduction and capital tax increase.

Week in Lithuania. Lithuanian PM, Conservative leader hold unannounced meeting

The Lithuanian branch of Finland's OP Corporate Bank announced it will lend 19.69 million euros to the city of Vilnius, with the money to be directed towards refinancing of the municipality's earlier loans.

BNN summary of the week: less pay for overtime and citizenship for all in Estonia

BNN offers a summary of this week’s topical news in a variety of categories, including change, business, decline, truth, growth and future.

State Audit: Healthcare Ministry had no right to reveal RAKUS audit results

State Audit criticizes Healthcare Ministry for revealing facts from an audit report, as it is prohibited to publish information before reports come into force.

Piebalgs: UGF’s popularity is critically low, which causes concerns

«The popularity of the management of the Union of Greens and Farmers is critically low. This causes serious concerns. If we truly want things to change, politicians have to be dynamic and prepared to think outside the usual categories,» says Unity chairman Andris Piebalgs.

SFRS: young people express increased interest in becoming fire fighters

Youngsters tend to express interest in becoming fire fighters, said Chief of State Fire and Rescue Service Oskars Abolins told Rīta panorama, adding that this can be explained with increased wages.

Ex-KNAB officials: there was no reason to end the «oligarchs case»

Former officials of the Corruption Prevention and Combating Bureau believe the prosecutor’s office and KNAB had no reasons to end the so-called oligarchs case. Nevertheless, they are not surprised about this outcome.

Infrastructure in Kraslava and Ludza to be developed using EU finances

Central Finance and Contracting Agency and councils of Kraslava and Ludza have signed an agreement for the realization of a project co-financed by the European Regional Development Fund to develop infrastructure in regions and contribute to attraction of private investors, CFLA reports.

Poland «cleans» its army leadership from Soviet Era servicemen

In the Polish Armed Forces, around 90% of its highest servicemen have been substituted, as the country’s Defence Ministry performs was changes in the Polish army.

Balta: poor weather conditions significantly affect road quality

«In the first two months of 2017, we have received 59 insurance claims to cover losses caused low-quality road surface and more than EUR 20,000 has been reserved for compensations,» as reported by Balta insurance association.

GSK Latvia board member appointed as chairman of Children's Clinical University Hospital

Valts Abols has been appointed as the head of Children's Clinical University Hospital. For the past 20 years he worked in managing posts of GlaxoSmithKline Latvia pharmaceutical company, as reported by Healthcare Ministry.

Estonia celebrates 99th anniversary since declaration of its independence

On February 24, it is Estonia’s Independence Day, which commemorates the time in February 1918, when a short period of foreign power vacuum was used to declare the establishment of the Republic of Estonia.

Newest comments