LatviaS Economy Growing Via German Ports Too
Latvia recorded the strongest real growth among European states in the first quarter of 2018, posting a seasonally adjusted rise of 5.1 percent on strong domestic demand, driven by EU funded major projects, and greatly consuming private households.
Goods flows in the Baltic States move not least of all via the Ports of Lübeck and Hamburg. Just how closely the German economy is linked to this Baltic state was showcased at an event in Liepaja, Latvia initiated by Port of Hamburg Marketing jointly with the Ports of Lübeck and Liepaja, as well as Stena Line.
In his address, Kaspars Ozoliš, state secretary in the Latvian transport ministry, stressed, “Relations between Latvia and Germany have always been close, based on open dialogue and trustworthy cooperation. Germany is one of Latvia’s most important strategic economic and trade partners, and our partnership is continually developing.”
Ingo Egloff, Joint CEO of Port of Hamburg Marketing elaborated how important the Baltic Region, with the upcoming Baltic States, is for the Port of Hamburg: “In the rankings of the most important trading partners for the Port of Hamburg, ‘supposedly little’ Latvia plays a significant role.” A dense network of feeder liner services excellently connect the Baltic State to Hamburg’s overseas port.
The Port of Lübeck, too, with its ferry service to Latvia run by Stena Line is considered as an important pooling hub for goods flows between Germany and Latvia: “For the services to the Baltic States and Rus....