The government decided on Wednesday, 16 August, that Latvijas dzelzceļš will not have to pay dividends from last year’s profits, which were EUR 880,998.

Talks with potential buyers of the insolvent KVV Liepājas metalurgs will conclude at the end of August, says representative of the company’s insolvency administrator Dzintars Hmielevskis.

Since Q2 2016, the employment rate in Latvia has increased by 0.8 percentage points. In Q2 2017, Latvian employment rate (62.6 %) was the highest recorded since Q2 2008 (63.1 %).

Commission for money withdrawal from DNB Bank’s ATMs has been introduced by Swedbank and only for its own clients, DNB Bank’s representatives say.

In June 2017, Latvia experienced the fourth most rapid increase in industrial output among member states of the European Union, according to data published by Eurostat on Monday, 14 August.

In July 2017, terminals working at Ventspils Freeport handled a total of 1.2 million tonnes of cargoes. In the first seven months of 2017, terminals of Ventspils Freeport handled 13.6 million tonnes of cargoes, which is 18% more than a year ago, as reported by ventspilnieks.lv.

Compared to the corresponding period of 2016, construction output had increased by 15.9 % in Q2 2017. Construction production output at current prices amounted to 384.4 million euros.

Latvian farmers have high potential in the cultivation of oats, which is contributed by appropriate weather conditions and farmers’ efforts to cultivate high-quality oats. Continued efforts may result of Latvia gaining the reputation of a major oats producer in the world, says an agricultural specialist.

Compared with Q1, clients’ interest for apartment rent on Riga’s market has grown in Q2 2017, as detailed in Ober-Haus housing market report.

During the meeting between Danish ambassador in Latvia Hans Brask and Riga Freeport CEO Ansis Zeltins, the two officials discussed the possibility of creating a new cargo and passenger ferry line between Denmark and Riga, as confirmed by the freeport’s representative Vita Gerharde.