Challenges ahead for Latvia’s wood industry after record year

In 2022, the export revenue of the forest sector reached an unprecedented record - 4 billion euros, but it will not be repeated in 2023, which was marked by a drop in the prices of wood products. Future challenges lie in EU settings and the ability of entrepreneurs to quickly change according to the situation. Artūrs Bukonts (in the left photo), the new executive director of the Latvian Wood Industry Federation, tells this in an interview with Latvian news agency LETA. He points out that in the conditions of rapid inflation (cost increase), many companies in the industry have ...