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Most valuable firms in Latvia: Latvenergo, Kronospan Riga, Latvijas Valsts meži

Photo: mk.gov.lv

The most valuable companies in Latvia in 2018 were state energy giant Latvenergo, chipboard producer Kronospan Riga and state forestry company Latvijas Valsts meži, according to research of business valuations by Lursoft.

Lursoft has calculated that in 2018, the total value of Latvia-based companies reached 30.65 billion euros. A year before, in 2017, the total value of Latvian businesses was lower by 27.05%.

As to the average value of companies in the country, the research found that it was 10.7 thousand euros, which marks a 38.6% surge in average company value compared to the year 2017.

The Most Valuable

Traditionally, the top performer in terms of company evaluation is the state energy firm Latvenergo. Last year, its value reached 2.52 billion euros.

The top three of most valuable firms in Latvia also includes Kronospan Riga, Latvijas Valsts meži. They are followed by chemicals wholesaler Uralchem Trading, computer network maker Mikrotīkls, telecoms firm Lattelecom, mobile services company Latvijas Mobilais Telefons and metals manufacturer and wholesale firm Severstal Distribution.


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