Development of building projects

A group of investors operating in the Estonian timber industry are planning to set up a wood refining plant in Estonia worth EUR one billion by 2022. The preparations for building the plant are to begin ...

Construction costs in Latvia down 0.5%

- In regards to the proportion of the sector’s overall turnover, 46% of overall turnover is made up of construction and finishing work, 24% is made up of the sale of construction materials, 17% construction of roads ...

As sector recovers, 16,8% growth recorded

With the domestic consumption decrease, export came to be considered the key opportunity for Latvian industry. This since 2009-2010. Manufacturing volume grew 16,8% in 2012, while the growth in export was 43%.

Construction – fast-growing industry

After three years of decline, stable growth was observed in the industry at the end of 2011 and at the beginning of 2012.

Foreign investments in Latvia

Foreign direct investment in equity, reinvested earnings and other forms of capital has grown rapidly since Latvia regained its independence in 1991 until the rates of growth slowed because of the financial crisis. However, in the ...