Tag: riga

  • Hanner Group sold the office component of Riga project Jauna Teika

    Hanner Group sold the office component of Riga project Jauna Teika

    Hanner Group sold the office component of the mixed-used project Jauna Teika Riga to EfTEN Real Estate Fund 4.

    Jauna Teika team will keep on providing the established lifestyle in the co-working spaces Teikums, conference center Fantadroms, fitness center Squad Hour and all food and entertainment facilities. 

    The office campus consists of four buildings, with a gross leasable area of about 60,000 sqm.

    About 50 tenants are located in Jauna Teika buildings, including financial services companies DNB Bank, BIGBANK and Intrum, iIT companies TietoEVRY and Accenture, co-working company Teikums, chemical companies Cabot and Solvay.

    More than 6000 people are currently working in Jauna Teika offices.   

  • Swedish giant to acquire 13.000 hectares of forest land in Latvia

    Swedish giant to acquire 13.000 hectares of forest land in Latvia

    Svenska Cellulosa Aktiebolaget (SCA) has signed an agreement to acquire forest land in Latvia. The acquisition comprises an area of 19.150 hectares, of which 13.100 is forest land.

    The purchase price is EUR 44.5m, approximately SEK 450m.

    The standing timber volume amounts to 1.8 million m3fo. Some areas of the acquired land that are not forest land, will be divested.

    SCA has so far acquired 30.000 hectares of forest land in Estonia and Latvia.

    The seller is Isnaudas Forest Holding AB and the acquisition is expected to be closed in the fourth quarter of 2020.

  • Wizz Air adds one new Airbus A320 aircraft to the Riga base

    Wizz Air adds one new Airbus A320 aircraft to the Riga base

    Wizz Air announced a massive expansion of its Latvian operations, adding one new Airbus A320 aircraft to the Riga base.

    This will enable the start of seven new routes from Riga to Bergen in Norway, Birmingham in United Kingdom, Billund in Denmark, Hamburg in Germany, Reykjavik in Iceland, Stockholm Skavsta in Sweden, Trondheim in Norway and one new route from Tallinn in Estonia to Bergen in Norway.

    Since 2010 the airline has carried almost 3,8 million passengers on its Riga routes. With today’s announcement the airline will have a fleet of 2 modern aircraft at its Riga base.

    The newly allocated capacity of over 260.000 seats per year will further contribute to the Latvian aviation market and to the creation of over 35 new direct jobs and over 195 indirect jobs in the region.

    Wizz Air new routes from Riga

    DESTINATIONSTARTSFARES FROM
    Riga – Bergen15 October 2020EUR 19.99 / NOK 219
    Riga – Birmingham18 October 2020EUR 24.99 / GBP 21.99
    Riga – Billund16 October 2020EUR 14.99 / DKK 109
    Riga – Hamburg15 October 2020EUR 29.99 / GBP 26.99
    Riga – Reykjavik16 October 2020EUR 29.99
    Riga – Stockholm Skavsta15 October 2020EUR 14.99 / SEK 159
    Riga – Trondheim18 October 2020EUR 19.99 / NOK 219
    Tallinn – Bergen15 October 2020EUR 19.99 / NOK 219
  • Which are the best CEE universities in QS World University Ranking

    Which are the best CEE universities in QS World University Ranking

    Politecnico di Milano, ranking 137, with 37.226 students registered is the first university in CEE, followed by University of Vienna, 45.623 students, ranked 150, latest QS World University Ranking shows.

    The latest QS World University Ranking includes around 1,000 universities.

    Massachusetts Institute of Technology (MIT) is the first ranked university in the world and University of Oxford is the first European university (ranked 5 in the world).

    Other 36 universities from Italy in top 1000

    Top 500 include the following universities from Italy, Alma Mater Studiorum – University of Bologna (160), Sapienza University of Rome (171), Università di Padova (216), University of Milan (301), Politecnico di Torino (308), University of Pisa (383), University of Naples – Federico II (392), Università Vita-Salute San Raffaele Milano (392), University of Trento (403), University of Florence (432), Università Cattolica del Sacro Cuore Milano, University of Rome “Tor Vergata” (511-520), University of Turin, University of Milano-Bicocca (521-530).

    Other Italian institutions in top 1000 are Free University Bozen, Bolzano, Università degli Studi di Pavia (601-650), University of Genoa, University of Siena (651-700), University of Trieste (701-750), Politecnico di Bari, Ca’ Foscari University of Venice, University of Modena and Reggio Emilia, Università degli Studi di Perugia, University of Brescia (751-800), Catania University, Universita’ degli Studi di Ferrara, University of Salerno, Università degli Studi di Udine, Università degli studi Roma Tre, University of Calabria, Universita’ Politecnica delle Marche, Ancona, University of Palermo, University of Bari, University of Parma, Verona University (801-1000).

    7 other Austrian universities in the top

    Austria has other universities in top: Vienna University of Technology (191), Universität Innsbruck (265), Graz University of Technology (275), Johannes Kepler University Linz (362), University of Klagenfurt (511-520), Karl-Franzens-Universitaet Graz (581-590), Paris Lodron University of Salzburg (751-800).

    Czechia has 8 universities in Top 1000

    Charles University Prague, 48,623 students, ranked 260, is the first Czech university in QS World University Ranking, followed by University of Chemistry and Technology, Prague (342), Masaryk University Brno (531-540), Brno University of Technology, Mendel University in Brno (701-750), Technical University of Liberec (751-800), Czech University of Life Sciences in Prague, University of Pardubice (801-1000).

    First university in the Baltic States is ranked no 285

    University of Tartu (Estonia), ranked 285, is the best university in the
    Baltic States, followed by Vilnius University (Lithuania), ranked 423 and Riga
    Technical University (Latvia), ranked 701-750.

    Other two Estonian universities are in Top 1000, Tallinn University of
    Technology (TalTech) is ranked 651-700 and Tallinn University is no 801-1000.

    Lithuania has three more universities in Top 1000, Vilnius Gediminas
    Technical University (651-700), Kaunas University of Technology and Vytautas
    Magnus University, Kaunas (801-1000).

    Other two universities in Latvia are present in QS World University Ranking,
    Riga Stradins University and University of Latvia, Riga (801-1000).

    Poland has 15 universities in the first 1000

    According to the latest QS World University Ranking, University of Warsaw (321) is the first Polish institution ranked.

    Other Polish universities included in the ranking are Jagiellonian University (326), Warsaw University of Technology (511-520), Adam Mickiewicz University, Poznań, AGH University of Science and Technology, Krakow, Cracow University of Technology (Politechnika Krakowska), Gdansk University of Technology, Lodz University of Technology, Nicolaus Copernicus University, Poznań University of Technology, Silesian University of Technology, Gliwice, University of Gdansk, University of Lodz, University of Wroclaw, Wroclaw University of Science and Technology (WRUST) (801-1000).

    First Greek university is ranked no 477

    National Technical University of Athens, ranked 477, is the first Greece university in QS World University Ranking, followed by Aristotle University of Thessaloniki (571-580), National and Kapodistrian University of Athens (651-700), Athens University of Economics and Business, University of Crete (801-1000).

    University of Szeged, the first in Hungary

    First Hungarian institution in the QS World University Ranking is University of Szeged (ranked 501-510), followed by University of Debrecen (521-530), Eötvös Loránd University (601-650), University of Pecs (651-700), Budapest University of Technology and Economics, Corvinus University of Budapest, Szent Istvan University, University of Miskolc, (801-1000).

    Bulgarian and Slovenian universities, at the same level

    Sofia University “St. Kliment Ohridski”, home for 19.086 students, is the only Bulgarian University in the top, ranking 601-650.

    First ranked Slovenian University is University of Ljubljana (601-650), followed by University of Maribor (801-1000).

    Slovakia has 4 universities in QS World University Ranking

    Pavol Jozef Šafárik University in Košice is the first university from Slovakia in the QS World University Ranking and is ranked 651-700, followed by Comenius University in Bratislava (701-750), Slovak University of Technology in Bratislava, Technical University of Kosice, (801-1000).

    Romania and Croatia are at the bottom

    Romania and Croatia are the worst ranked countries from CEE region with Babes-Bolyai University Cluj-Napoca and University of Bucharest (Romania) and University of Rijeka or University of Zagreb ranking 801-1000.

  • In March, Latvia industrial production fell by 3.6 %

    In March, Latvia industrial production fell by 3.6 %

    Data compiled by the Central Statistical Bureau of Latvia show that, compared to March 2019, in March 2020 industrial production output dropped by 3.6 %. 

    The decline was due to the output reduction in manufacturing (of 3.6 %), electricity and gas supply (4.8 %), as well as mining and quarrying (2.1 %).

    In March, 6.5 % of the surveyed enterprises in 13 manufacturing sub-sectors (manufacture of fabricated metal products, printing, manufacture of machinery and equipment n.e.c., manufacture of products of wood, and manufacture of food products, etc.) mentioned COVID-19 and emergency situation in the country as the key reason behind the production output decline.

    Significant downturn was recorded in manufacture of wearing apparel (of 33.2 % due to both COVID-19 influence and decline in orders), repair and installation of machinery and equipment (12.1 %), and manufacture of computer, electronic and optical products (11.6 %). 

    Output drop was registered also in manufacture of machinery and equipment as well as manufacture of motor vehicles, trailers and semi-trailers (of 10.8 % and 10.6 %, respectively), and manufacture of fabricated metal products, except machinery and equipment (9.6 %).

    Manufacture of paper and paper products rise

    Production output rise, in turn, was recorded in manufacture of paper and paper products (of 11.3 %), manufacture of electrical equipment (8.7 %), and manufacture of other non-metallic mineral products (6.3 %).

    Output upturn was also observed in the manufacturing sectors having the largest share in industrial production: manufacture of wood and of products of wood and cork, except furniture (of 1.4 %) and manufacture of food products (1 %).

    Compared to February 2020, in March 2020 industrial production output fell by 4.1 %. Of which in manufacturing by 4.1 %, in electricity and gas supply by 6.8 %, and in mining and quarrying by 9.2 %.

  • Record number of foreign travellers in Latvia in 2019

    Record number of foreign travellers in Latvia in 2019

    • In 2019 foreign travellers crossed the border of Latvia 8.3 million times, which is 7.3 % more than the year before. 
    • The latest data of the Central Statistical Bureau (CSB) show that traveller expenditure rose by 7.2 % and reached EUR 806.3 million.

    In 2019, the number of same-day travellers or number of border crossings increased by 9.9 %, reaching 6.4 million, expenditure – by 14 %, reaching EUR 268.1 million.

    The largest rise was observed in the number of same-day travellers from Ukraine – by 93.4 % (175.7 thousand), Russia – by 36.2 % (626.3 thousand) and Belarus – by 32.4 % (246.3 thousand). Average expenditure in same-day trips also increased by 3.7% – EUR 41.8.

    Even though 48.5% of the same-day travellers stayed in Latvia in transit, their expenditure in expenditure structure comprised 17.1%. Out of total same-day traveller expenditure the largest share (52.3%) was comprised by expenditure of those travellers, who arrived for shopping.

    Overnight travellers

    In 2019, Latvia was visited by 1.9 million foreign overnight travellers (0.6 % less than in 2018), spending 4.2 % or EUR 538.2 million more. Compared to the year before, the total number of nights spent rose by 5.1 %, reaching 8.3 million nights.

    Visitors stayed in Latvia on average for 4.3 days – 0.3 days more than in 2018. 

    1.2 million or 63.3 % of all overnight travellers arrived to Latvia from Lithuania, Estonia, Germany, Russia, Sweden, Norway and Finland. 18.9 % (0.4 million) travellers were from Belarus, United Kingdom, Poland, Belgium, France and Netherlands.

    Significant increase was observed in the number of overnight travellers from three largest priority markets – from Lithuania of 12.2 %, from Russia – of 22.1 % and from Estonia – of 19.5 %.

    How much travellers spent

    On average travellers from Russia spent EUR 301 per trip, which has not changed, as compared to the previous year.

    Travellers from Lithuania on average spent EUR 136.3 per trip last year (increase of 27.5 %), but travellers from Estonia – EUR 123.9 (increase of 22.1 %).

    Even though the number of travellers from Norway and Sweden fell by 19.1 % and 55.6 %, total expenditure of travellers from these countries rose. Last year tourists from Sweden stayed in Latvia for a longer period of time – 4.5 days, (3.5 days in 2018), but average expenditure of travellers from Norway per day grew by 12.5 % and reached EUR 97.4.