Latvia’s forestry sector facing difficult times

The Latvian forestry sector, which has so far successfully proven itself as a major exporter, is currently facing many challenges. Demand for wood has fallen, so the prices and profits of businesses have also decreased. According to recent Eurostat figures, forestry accounts for 1.5% of Latvian GDP and provides more than 17,000 jobs. More than half (53%) of Latvia's surface area is forest. You can find extensive data about the forestry sector at the Statistics Latvia website. Last week, at a wood industry conference, businesses discussed the further development and introduction of innovations in the ...