Latvia: The winter period will not be particularly favorable for the timber industry

This year, the situation in the timber industry will largely depend on the European Central Bank's (ECB) decisions on interest rates, as well as the reaction and ability of society and companies to adapt to the new circumstances, said Andris Ramoliņš, owner and chairman of the board of the timber industry and forestry company SIA "Stiga RM". He also emphasized that although the ECB is gradually starting to reduce its rates, which will most likely slightly improve the situation in the sector, relying on ECB decisions cannot be a strategy for the Latvian timber industry. An increase in ...