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Friday 06.12.2019 | Name days: Niklāvs, Niks, Nikolajs

airBaltic passenger turnover drops 2%

In March 2011, the Latvian airline airBaltic carried 233 033 passengers from Riga, Vilnius and Tallinn, which is by 2% less than during the same period last year.

Growing number of tourists in Estonia

In February 2011, 143 000 foreign and local tourists stayed at Estonian hotels and accommodation places, 15% more than a year before. Estonians themselves made up 44% of these tourists.

Swedish Interspiro to base production in Liepaja

It is planned to merge three Interspiro production facilities into a single factory based in Latvia. The production transfer from Sweden and the United States to Liepaja is likely to take place by the end of November 2011.

Latvians go for vodka less

Vodka sales dropped 13% last year in Latvia, slowed down by changes in consumers' habits, excise rise and illegal alcohol trade. They have already been declining for a couple of years, even though vodka is still an absolute market leader.

Competence centres to develop new products for 37.37 million lats

With the European Union's support, six competence centres will start operating in Latvia, conducting more than 120 significant studies of the national economy in five years’ time. The total funding of the project hits 37.37 million lats to be invested by 2015.

Latvian new car market lags behind despite surging 163%

The number of vehicles registered has risen significantly over the first three months of 2011. Moreover, compared to last January – March, it has spiked 163%, according to the Latvian Authorized Automobile Dealers’ Association.

DHL Freight cargo volumes surge 55%

Comparing this year’s first quarter with the corresponding period last year, the cargo traffic volume of the company DHL Freight has grown by 55%, while the turnover – by 65%, according to the company.

Estonia’s exports grow 34% in February

Compared to February 2010, the Estonian exports rose by 34% in February 2011, totalling 843 million euro (LVL 593 mln), given the current prices, according to the Statistics Estonia data.

Whisky conquers Latvian alcohol market

Whisky is becoming more and more popular in Latvia, despite traditionally it has never been among the most consumed alcoholic beverages in Latvia.

Euro in Estonia boosts investors’ activities also in neighbouring countries

Estonia’s shift to the euro has positively influenced German investors’ business activities in Latvia and Lithuania. The number of investors convinced the euro in Estonia promotes the neighbouring countries’ business exceeds the one of those facing negative consequences.

Experts: another such week to result in fuel price hitting one lat

Another such week and the fuel price in Latvia will reach one lat. While in summer it will already exceed the one lat threshold, the political technologist Jurģis Liepnieks indicates to the business news portal BNN, when assessing the global oil market and the Latvian tax impact on the fuel price.

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