Other manufacturing

Companies selling food and beverages make up 50% of the trade industry (1,382 companies with total turnover of EUR 5.21 billion), followed by companies selling household goods, DIY and home improvement companies – 22% (725 companies, turnover of EUR 2.27 billion), companies ...

Steady growth anticipated for industrial production

The main branches of Latvia’s industrial production are mechanical engineering and metalworking (45%), chemical industry (17%), light industry (19%), electrical engineering (9.9%), printing and publishing (8%), scientific research and production (1.8%).There are 1,261 companies with annual turnover of more than ...

Despite challenges, exporters hold their ground

In 2016, Latvia exported EUR 10.332 billion worth of goods to foreign countries, down 0.3% or EUR 30.9 million from 2015, while imports dropped 1.7% or EUR 212.9 million to EUR 12.279 billion. For exporters, last year was full of challenges, considering falling ...

Another record-breaking year

2016 was another record-breaking year for the foreign investment promotion agency Investuok Lietuvoje (Invest Lithuania) as it attracted EUR 144 million in foreign direct investment. Large international companies that started doing business in Lithuania include Intersurgical Company (...