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Forests cover 3.383 million hectares in Latvia, or 52% of the country’s territory, which ranks Latvia fourth in Europe after Finland, Sweden and Slovenia;The growing stock of Latvian woods is 670 million cubic meters. Each year, 12 ...

Positive year in tourism sector

The sector has 1,027 companies whose annual turnover exceeds EUR 145,00, and their aggregate turnover is EUR 1.235 billion, profit – EUR 61 million, while the number of persons they employ exceeds 30,000.35% of the industry’s turnover was in the ...

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 ...

Agriculture and food industry continues to raise exports

During the first half of 2016, the value of Latvian food and agricultural exports grew 26% against the same period in 2015, making up 18.4% of the country’s total exports. With 12% export growth, Latvia ranks third among European ...

Energy in period of major change

In 2015 the power market was liberalized for households in Latvia, allowing new players to show up and present competitive offers to customers. In April 2017 liberalization of the natural gas market will take place, providing for ...