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Latvia’s iCotton hygiene goods company invests EUR 8.1 million in new production line
Latvia’s iCotton wet wipes, diapers and cotton hygiene goods producer has invested EUR 8.1 million in a new production line, using co-financing of Citadele bank.
Latvian exports of goods down 5.4 pct y-o-y, imports drop 8.2 pct in Q1
In the first quarter of 2016, Latvia exported EUR 2.323 billion worth of goods to foreign countries, down 5.4 percent or EUR 132.5 million from the same period in 2015, while imports dropped 8.2 percent or EUR 246 million to EUR 2.765 billion.

Industries news

Offering global services despite the crisis
Latvian information and communications technology (ICT) companies have world-class abilities. ICT exports are strong, and have proven themselves. Companies presently mainly selling mainly to the domestic market have the opportunity to grow and develop exports by transferring experience gained on the domestic market to neighboring countries and the wider European market.
Retail and wholesale trade in rough waters
The last five years were a period of extensive changes in the trade sector – turnover in the sector experienced rapid rises and falls, and was affected by the global crisis.


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