Latvia’s economic productivity seriously lags behind the average in the EU – it is estimated at about 43 per cent of the average productivity level in the EU in real prices, said Economics Minister and new Unity leader Arvils Aseradens in an interview.
He said that there are just a few competitive sectors in Latvia, such as timber processing, where productivity is over 70 per cent of average in the EU. "This sector is able to develop and compete in global markets, and ensure exports worth several b Euros. Grain production is very export-capable, productiv...
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