Trader Joe’s Sambal Matah Reviews

4.21 out of 5 based on 115 customer ratings
(115 customer reviews)

Indonesian Salsa with Peppers, Lemongrass, Garlic, and Shallots.

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115 reviews for Trader Joe’s Sambal Matah Reviews

  1. Sam
    5 out of 5

    :

    This is a delicious spread/dip – Trader Joe’s refers to it as salsa, but it’s really more of a spread in my opinion. That said, it’s super tasty! It has a nice kick to it that sets it apart from most spreads, which tend to be more mild.

  2. Robin
    5 out of 5

    :

    Oh my WORD- I cannot get enough of this stuff. The label doesn’t lie- after you taste it you will be looking for stuff to use it with. I normally don’t do spicy things, but I find myself eating it at least once a day. The easiest recipe I’ve used it for is take some fish (I like swai or tilapia) throw it in the toaster oven for 6 minutes at 350, flip it, spread a few tablespoons of this awesomeness on it, and cook for another 6 minutes. GREAT DINNER!

  3. Marta
    3 out of 5

    :

    Holy C#$p it is hot. If you aren’t a chili-head Beware!
    I ate a small amount on the end of my fork to taste it before I cooked with it. It was very flavorful and then the spice hit the back of my throat. I thought my head was going to pop off.

  4. Rianty
    5 out of 5

    :

    Ohhh!!! I am addicted!! Great on ANY meat and vegetables. I eat it as a dip with raw vegetable like cucumber or carrot, or mix it with white rice and meat. I am from Indonesia, while I was in Trader’s Joe, I picked this just to fulfill my Indonesian taste bud and didn’t expect it to be THIS GOOD!! So fresh and no preservative taste like other Indonesian sambal I found in Asian Market, the ones that I bought in a desperation mode just because I miss Indonesian taste so much. Thanks Trader’s Joe!

  5. Steve
    5 out of 5

    :

    Excellent! The flavors are outstanding especially the garlic! I don’t feel it’s too hot or spicy, but I don’t eat a lot of it at one sitting. It seems to be good on just about everything as one reviewer said. I can only hope this becomes more permanent if it’s just a seasonal/temporary item.

  6. Wes
    5 out of 5

    :

    After seeing all the good reviews for this on here, I decided to buy it. Wow! Despite all the five-star reviews, I still didn’t realize it would be THIS good! It reminds me of a combination of olive oil and salsa. Maybe that sounds weird, but the taste is incredible – unique and addictive. Delicious on bread or chicken or vegetables or rice or tortilla chips or probably almost anything else you can think of putting it on or dipping in it!

  7. Esperanza Balthasarsdottir
    5 out of 5

    :

    Something possessed me to pick up this unassuming little jar, on a shelf at TJ’s that I rarely buy anything from, and I’m SO glad I did! I agree with a previous poster that it’s more of a “spread” than a “salsa”, because of its oil-based texture, but the flavors just explode in your mouth, no matter what you put it on! I’ve had it on bread, rice, and pasta so far (I’m a vegetarian), and it is delicious and completely addictive! I’m going to buy out the entire shelf at my TJ’s and hoard them, for fear that they should ever stop selling it! Yummylicious!

  8. Chrissy
    5 out of 5

    :

    Super flavorful and addiction. I wasn’t sure what to expect from it at first. Definitely more of a spread than salsa as-is. But if you drain out the excess oil and serve it in a bowl, it becomes more like a salsa! Goes great on tortilla chips, bread, chicken, and probably more. I’m still trying it out on other things as a dip and as a salsa. Didn’t find it spicy at all.

  9. Mary Jane
    5 out of 5

    :

    A neighbor of mine from Indonesia made her spring rolls and served a dipping sauce like this, only a little thicker and I have been looking for that flavor ever since! In a word, delicious! In another word – addicting!. In yet ANOTHER word, FRESH! Ok, one last word – lemonbrightspicygood!

    On toast or as a dipping sauce, SUPER with egg or spring rolls!
    It is even good on just a spoon, straight out of the jar! Yup, that’s right…..”Oh, I’ll just have one half-teaspoon…….or eight….”

    As a Texan, I did not find it too be over-poweringly spicy, but there was a definite kick!

    Been shopping at TJ’s since California in the early 90s – very good prices on distinctive food. THIS PRODUCT IS A KEEPER!!!

  10. Vanessa
    5 out of 5

    :

    Thank you Trader Joe’s!! I lived in Indonesia for quite some time and this sambal is the real deal! It makes my day every time I use it – which is basically all the time. Fantastic flavor profile, great on everything from eggs to chips to fish and meats. Home. Run.

  11. Becky
    5 out of 5

    :

    Bought it yesterday and the jar is half full now… So good… Yum.

  12. Kathie
    5 out of 5

    :

    I LOVE this stuff!!! Versatile and delicious. The flavor is complex. It is tangy, and with a bit of zing (not hot, IMHO) and full of SW Asian flavor. I like it so much I sometimes just eat it by the spoon (I know, you think I am gross now, but it is just THAT good).

  13. Celeste
    5 out of 5

    :

    LOVED this and now it’s discontinued (at least at my store). Delicious by itself on anything. Also great smashed with feta and a bit of olive oil on crackers or bread…..or mixed in with pasta and maybe chopped avocado, and…… I’m so sorry I can no longer buy it!

  14. Dori Bushman
    5 out of 5

    :

    We would buy this two jars at a time- and eat it with everything – I’ve been checking our local TJ for restock every other day – has it really been continued? 🙁

  15. Dori Bushman
    5 out of 5

    :

    One of my very favorite TJ specialty products- great swap for Siracha lovers!

  16. Barbara P>
    5 out of 5

    :

    LOve this stuff. I take 1 lb. of chicken breast, cut into small pieces, one container of TraDER Joe’s Asian stir fry veggies and 1/3 to 1.2 jar of this cook it up on top of the stove and we love it!!!!!!!!!!!!!!!!!!!!

  17. Tigris
    5 out of 5

    :

    Hot, spicy addicting! It turns anything into a quick dinner or snack. Broil some fish, chicken, or tofu. Serve with rice and top it with this amazing sauce. I also eat it with pita chips for as a snack. I also use the extra oil as a marinade- just add a little lime juice. Trader Joe’s has a habit of getting me addicted to stuff like this, then they discontinue. They better not do it with Sambal Matah or I will go through some serious withdrawal!

  18. chris
    1 out of 5

    :

    This nearly killed me … I ate a large tub of ice cream just to survive Reading the reviews only one experienced anything like I had … Two spoonfuls and I was i taking breath but not exhaling … So bloody scary … I can’t believe the other reviews
    Did they not really try it … No one told me it was this hot and I would feel like I was taking my last breath

  19. Heidi
    5 out of 5

    :

    This is amazing.
    It is easily combined with coconut milk with any choice of protein in a slow cooker.
    Especially with Jackfruit!!!
    Spicy yes, but coconut milk cuts it and begins to develop into an amazing indonesian curry

  20. Jane
    5 out of 5

    :

    Love this stuff. It has been out of stock at my TJ’s store for months. Hope they get it back. When/if they do, I will buy 10 jars!

  21. Mary
    5 out of 5

    :

    I am so addicted to this condiment that I buy 2 jars every time I go to TJ’s because I know from sad experience it can disappear at any time. One of my favorite meals is bacon & eggs with sambal matah. How simple is that!

  22. Anita
    5 out of 5

    :

    I just bought this today, having never noticed it before – it was on the very bottom shelf. Wow! Mixed it with a little ground beef and mashed cauliflower (low carb diet). I belive this is now my go-to sauce. As others have said, I wouldn’t consider this a salsa, at least I won’t be using it as such. I’m a bit of a chili head and I was VERY satisfied with the heat in this stuff.

    Reading some of the comments, I’m going to head back to TJ’s this week and by additional jars, in case they decide to discontinue this “heaven in a jar”.

  23. Enid
    5 out of 5

    :

    I tasted this to see what it was like. I never did figure out what to put it on, because I just ate it straight out of the jar!

  24. Linda
    5 out of 5

    :

    I love this stuff! Unlike anything I’ve had before, the flavors are amazing, and the heat level just right. I added a jar to a 7 quart crock pot of bean soup for a potluck and the crowd devoured it, everyone was asking for the recipe. I hope they keep selling it, cuz I can’t get enough!

  25. carolyn
    5 out of 5

    :

    I didn’t realize how spicy it was and tried a spoon full to try it, I was surprised i never had anything this spicy, and had to drink lots of water but added a lot of rice and then it was really good but super spicy. I love spicy, but you have to just use a little at a time.

  26. Rob
    5 out of 5

    :

    This is one of my most favorite things ever. I put it on absolutely EVERYTHING. I have a jar at work and a jar at home. It is spicy, but I love spicy things. Beyond the heat the flavor is oh so delicious. I can’t recommend this enough.

  27. Anonymous
    4 out of 5

    :

    Tastes much better cooled than raw. Yum!

  28. Susie B.
    1 out of 5

    :

    I didn’t realize this was so hot and spicy and swallowed a small portion. The minute the chili hit my throat, it started to swell and I was gasping for air. I almost passed out, it was very scary. For those who are sensitive to certain types of chili peppers beware, this is potent.

  29. mary
    5 out of 5

    :

    Love, love, love this stuff. I use it on steamed veggies and rice and don’t think I’ll ever need another condiment.

  30. Steve
    5 out of 5

    :

    This is great mixed into a rice or farro bowl with avocados, succeed hard boiled eggs, and a bit of plain yogurt.

  31. Dean
    5 out of 5

    :

    This sambal matah is delicious. We don’t have a TJ’s near us so I buy it in Birmingham, AL when I travel through which is every couple of months. I bought 2 jars a couple of months ago and just bought 5 more. The flavor is bright and flavorful and a little spicy. I don’t understand the folks that think it’s VERY spicy because to my taste buds it isn’t. There’s no Habanero or Ghost Pepper level of spiciness here, probably a little more heat than a medium tomato salsa. Great stuff!

  32. hilary
    5 out of 5

    :

    PLEASE BRING THIS BACK TO OUR STORES IN MINNESOTA!

  33. Kristine
    4 out of 5

    :

    Last Christmas my sister gifted me with a sack full of Trader Joe’s goodness. I have been wanting to try the sambal mahtah. It is an excellent product. My spice level of tolerance has changed since quitting smoking, but used in moderation this stuff really hits the spot. I just stirred some into Bush’s Mesquite black beans to finish drying out and cooking in the oven. The house smells amazing! My favorite ingredient in the sambal is the shallot. The crunchiness an burst of flavor is outstanding. I am hoping that this product won’t go the way of Trader Joe’s India Relish from a few years back. I can already see my spreading this on panini, crackers, mixed with cream cheese for a spread……….

  34. Kristine
    5 out of 5

    :

    I just made another quesadilla with this sambal sprinkled beside the avocado and cheese. Quite tasty. The beans I baked with this product stirred in were fantastic. I ate the whole pot over several days. Couldn’t get enough of them! Found myself sneaking just a spoonful every once in a while. I will be looking for this product online through Amazon. Truly a great addition to any pantry.

  35. Gary
    5 out of 5

    :

    This is excellent. Rather spicy, but wonderfully blended. This is amazing as a condiment for a fish taco. I’ve also spread it over Ahi Tuna patties fried in olive oil. Even though it is an Indonesian recipe in origin, I enjoy this on parantha or roti when having an Indian meal.

    There’s a lot of oil in this, and it’s pungent. Be careful not to spill on carpet. When you use it, be sure to take spoon out a little extra oil, or you’ll be left with a lot of it later… although you could always cook with it as well. You don’t need a lot for good flavor so a jar lasts a decent period of time.

  36. Sandy
    5 out of 5

    :

    Run – don’t walk – to your nearest Trader Joe’s to hoard what will become a pantry staple. While called a “salsa”, it’s probably best served with hearty crackers or a sliced baguette with cheese. Poured over a goat cheese log and served with crackers would be an excellent appetizer for a party. As a condiment, its uses are endless…as detailed in many of the other reviews here.

    I personally will use Trader Joe’s Sambal Matah as a key ingredient in many dishes. I just added some to my Trader Joe’s Organic Roasted Tomato Gazpacho, along with a chopped Persian cucumber and a little fresh mozzarella. I also added about a 1/3 of the jar to the tomato-vegetable poaching broth for some wild caught Pacific Cod I prepared on Saturday night…and it was excellent. I’m looking forward to cooler temps when I can throw in an entire jar to a vegetable or chicken-based homemade soup.

  37. Christine
    5 out of 5

    :

    I Saw this on the bottom shelf and thought it sounded interesting. I picked it up not expecting much from it but oh my goodness this blew my mind! It is delicious! Like spectacularly delicious. I bought it yesterday and the jar is almost gone. I’ve used it for breakfast lunch and dinner. This can be used to enhance any dish cooked or straight out of the jar. It’s got a nice kick but not overwhelming. The lemongrass adds brightness to the garlic and onion. The real beauty is that there isn’t one (of these usually potent ingredients) that overpowers the other flavors. Perfectly blended. I am going back tomorrow to pick up the rest. I’m quite surprised they hide this on the bottom corner of a shelf! It’s easily one of the most amazing things I’ve ever picked up from there!

  38. Elisabeth
    5 out of 5

    :

    Bummer !!!! Just found out TJ has discontinued the Sambal Matah. It was my go to condiment. I loved it and used it especially with quesadillas. You think they might bring it back????????????

  39. Pam
    5 out of 5

    :

    I am bereft. Trader Joe’s has discontinued this item, according to the clerk who checked the “Computer” for me. What a loss. This was my go to condiment.

  40. Victoria
    5 out of 5

    :

    A friend told us about this stuff we used it for everything . Went to JOE’S today clerk said it was discontinued. WHAT!! I PROTEST!!……IN OLYMPIA WA

  41. MJ S
    5 out of 5

    :

    This was my favorite spread ever. I topped eggs, mixed with sour cream or yoghurt for dip, extremely versatile. Mildly spicy and overflowing with complex flavor that’s perfectly balanced.

    I found out yesterday it was discontinued, so I’m going to try to make my own. Or just see if Lee Lee’s has it!

  42. Tania
    5 out of 5

    :

    Very good and robust flavors.

    I still see quite a lot of stock in a nearby Trader’s Joe (Manhattan). Maybe I should stock it up.

  43. Darcey
    1 out of 5

    :

    This is not real sambal. It has no spicy to it and is really oily. Plus, the lemongrass taste is a little too much. I usually love all things TJ’s, but this was a disappointment.

  44. Holly
    5 out of 5

    :

    Delish! Was sad to hear my Traders no longer carries it. Is this true of all stores?

  45. C Lopez
    5 out of 5

    :

    I love this stuff. I spent some time in Indonesia (North Sulawesi). Fresh sambal was on the table for all meals. My favorite was the pork satay with sambal ots, but I put on almost all my savory foods.
    I make a red curry coconut butternut squash soup and add a couple of tablespoons of saambal matah to it and buzz it in my vitamix blender. The sambal matah take it to a whole new level.
    Please, please bring this product back. Thank you.
    Respectfully,
    Your humble TJ’s shopper

  46. erchacha
    5 out of 5

    :

    I love this product! Please, please bring it back. It takes my red curry coconut butternut squash soup to a whole new level. Thank you.
    Respectfully,
    A humble TJ’s shopper

  47. Josh
    5 out of 5

    :

    Bring it back!’nnn

  48. LMO
    5 out of 5

    :

    Please bring this product back. For those of us that cook asian food on the regular it is indispensable. I am so heartbroken that you discontinued it. Please please bring it back!

  49. Felicia
    5 out of 5

    :

    Please bring it back
    If not tell us who is your supplier, so we can get it directly from them.

  50. juliana
    5 out of 5

    :

    My foodie friend and I are obsessed with TJ’s Sambal Matah! We’re so sad that it’s been discontinued. We’ve been trying to make it ourselves, but haven’t been able to nail the goopy texture or the exact flavor. Ours turns out more like a spicy, fresh, chopped salad. Can anyone out there share a recipe/technique to make something similar to TJ’s product?

  51. Constance Bassett
    5 out of 5

    :

    Sad that this five star product has been discontinued.
    Perhaps TJ’s will reconsider????
    Also looking for a replacement.
    Raw recipes will not resemble this one because it has been cooked/canned.
    A management person at our local Trader Joes suggested that I check an Asian market for a similar product.
    Otherwise I might start by collecting the ingredients listed on the jar and try making a gently cooked version myself, using online recipes as guidance.

  52. Kathy
    5 out of 5

    :

    Please bring it back. Another fan

  53. kate snell
    5 out of 5

    :

    How could you discontinue this product?!!!! It is the best item in your store. Bring it back!

  54. Lian
    5 out of 5

    :

    Trader Joe’s needs to reposition this product not as salsa but as basis for many Indonesian dishes.
    Sell and add some recipes. This is a great authentic Indonesian tasting product. I am interested to know who the original manufacturer is. Thank you.

  55. Steve
    5 out of 5

    :

    PLEASE BRING THIS BACK

  56. Rob S
    5 out of 5

    :

    BRING IT BACK NOW!!!!

  57. Katt
    5 out of 5

    :

    please bring it back, or provide supplier name if no longer going to carry!

  58. leisa
    5 out of 5

    :

    i emailed the company they said it was a slow seller. would restock if more folks started requesting it. lets bombatd them with emails,

  59. Houseofpandas
    5 out of 5

    :

    Please please please bring it back !!!

  60. Tricia Luther
    5 out of 5

    :

    Really??? Will you please bring this product back? I LOVE it!!!

  61. Susan Thompson-Gaines
    5 out of 5

    :

    This stuff was TERRIFIC. Color me sad they axed it. Dumb move, Joe. It was great.

  62. Mia Goss
    5 out of 5

    :

    I love this sauce in my wraps it added more flavorfulness to my cooked dishes please bring it back trader joes I had a bought a few jars at a time since I feared this would happen please bring back TJ’s.

  63. Anonymous
    5 out of 5

    :

    Months later still searching the shelves for this jar of delicious. Anything else has a decent substitute– including the onion jam (bacon jam or cranberry sauce works in a pinch).

    Sambal is unique.

  64. Sherry
    5 out of 5

    :

    Please bring it back TJ!!! I’m obsessed with this, it’s soooo good. It goes good with anything and everything. So sad it’s discontinued.

  65. Jay Rao
    5 out of 5

    :

    Me too….. i am totally bummed…. PLEASE BRING IT BACK!!….. please please please…..

  66. Trevor Corbin
    5 out of 5

    :

    Please bring this item back!

  67. KM
    5 out of 5

    :

    We love this stuff. Please, please, please bring it back!

  68. Anonymous
    5 out of 5

    :

    Not happy this was discontinued, but my boyfriend figured out how to make it, so I’m very happy, still love trader joes though, lol, we are in there all the time

  69. Anonymous
    5 out of 5

    :

    Love trader joes

  70. Mary De Jong
    5 out of 5

    :

    I bought the last 12 jars in my TJs store. I only have six jars left, and they’re going fast. Please bring it back or let us know the supplier so we can order from them. Please!

  71. Pamela
    5 out of 5

    :

    Why would you remove an item that was the only reason people go to Trader Joe’s??? What the AF?

  72. Don D.
    5 out of 5

    :

    I bought this product months ago and unfortunately it remained in my fridge because i didnt know what to eat with it. Finally, I tried it and OMG!!!!! I LOVE IT. My friends would smell my lunch and ask what was it and I told them. Unfortunately, I went to TJ’s tonight to buy some for some friends and myself and learned it was discontinued! So sad to see it go. TJ’s PLEASE PLEASE PLEASE BRING IT BACK!!!!!!! It actually made my cooking taste and smell INCREDIBLE.

  73. sher shepps
    5 out of 5

    :

    We just finished our last jar of this and were so upset to find out that it is now discontinued. Had we known that was going to happen, we would have bought 6-8 jars last time instead of 2. PLEASE bring this back, TJ’s………it is great on a lot of things but especially on your frozen Scallion Pancakes!

  74. Sher Shepps
    5 out of 5

    :

    This has a wonderful crisp, spicy flavor and is good on a multitude of dishes from entrees to vegetables.

  75. Norma Sandler
    5 out of 5

    :

    This is a very well loved, addicting product for so many people including me. Please bring it back or at least provide the recipe. It’s so magically exotic and delicious. Amazing how many ways you can use it.

  76. Derrick Bosco
    5 out of 5

    :

    Bring this back now please. Im so hungry and have nothing to spice up my meals

  77. Vicki Morton
    5 out of 5

    :

    Went to Chicago store to buy six more bottles. Found out it has been discontinued. Bummer!

    Please bring this stuff back!

  78. Amanda
    5 out of 5

    :

    I, too, am so missing the Sambal Matah. Please bring it back, if even for a limited release! We need to stock up 🙂

  79. Mari murao
    5 out of 5

    :

    To bring this product back email:
    Traderjoe’s.com
    under “contact us” at the bottom of the page
    and let them know you want Sambal Matah back on the shelves!!!

  80. Mari murao
    5 out of 5

    :

    Amazing Product
    Addictive !!!!
    Good on everything

  81. Dana Clay
    5 out of 5

    :

    Please, Please bring back your Sambal Matah. No one else has anything like it. It’s great on pizza or fish, or veggie patties, or anything!

  82. joanne
    5 out of 5

    :

    Please bring back your Sambal Matah..It was the best ever

    on fish, rice, veggies!!!!!!!!!!!!!!!!!!!1

  83. SoCal
    5 out of 5

    :

    Agreed. Very sad that a special product is removed.

  84. Pam Collins
    5 out of 5

    :

    It is the best thing ever PLEASE PLEASE PLEASE bring it back to the Federal Way Washington store it goes with everything and everyone I serve it to LOVES it

  85. Raquel O.
    5 out of 5

    :

    Went to find Sambal Matah at our Trader Joe’s here in phoenix, it was a perfect spread for our lox bagels . Absolute perfect touch for our taste buds. An employee said they discontinued it because they didn’t get much sale for it. So sad. I searched the whole store 5x over looking for something similar, the closest I could find was a salsa called Harissa Salsa. Still not the same. I later found Trader Joe’s sambal matah on Amazon and also for those of you that would like to try making it at home, there is a recipe!!

  86. Patricia
    5 out of 5

    :

    Does anyone have a link to a good recipe for the sambal? Been missing it so much.

  87. Victoria
    4 out of 5

    :

    I need it back!!
    It was perfect to make fried rice!

  88. Erin
    5 out of 5

    :

    I love this stuff!!! How can they discontinue it???? #wtf?

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  93. rousekew
    3 out of 5

    :

    The airport in Liepaja did a great job – in 2015 after its
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    drainage effort was undertaken, a new cover for the take-off
    track was laid, the take-off strip was reinforced, the cover
    of the shunting route was improved and expanded, parking places
    for the aircraft were renovated as well. After Liepaja Airport
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  94. alenkew
    4 out of 5

    :

    The free movement of goods, services, capital, and people-these are the pillars that form an essential foundation for welfare and employment in Europe.Rolands Petersons privatbank Mobility is the fundamental premise for these four core values to be strengthened not only in the domestic market but also beyond its borders.Rolands Petersons privatbank This is particularly significant in the Baltic Sea region, where a well thought-out and developed transport system is one of the positive development factors. Flight-related activities have both direct and indirect impact on the economy. The direct impact includes the income derived from the activities of airline personnel and ground handling workers, whereas the indirect input implies all purchases in the aviation sector from locally based suppliers who basically do not represent the aviation sector. Additional impact on the economy of Latvia is formed by the costs of aviation sector employees and service providers.

    More than 30 airports are located in Lithuania

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    Keeping in mind the processes that are still underway, it is important to mention the extensive capacity-building of the airports, environment protection in a long-term, enhancement of cooperation with other regional airports in Europe.Rolands Petersons privatbank It is not enough for Latvia to have only one high-capacity airport – we have a regional leader who can serve as an example of a successful market behavior for others.Rolands Petersons privatbank

    Support strategy for attracting new aviation communities

    Liepaja airport is the only example nowadays in terms of Latvian regional airports, however, I see several competitive regional airports in Latvia. To promote their development, a thorough analysis of the passengers’ potential is needed, starting with linking their activities with the existing types of transport in the surrounding region, forming a support strategy to attract new aviation communities, passengers, and additional services for client groups, bearing in mind that the added value of airports is formed by airlines operating there, strategic cooperation partners and service providers.Rolands Petersons privatbank Without a doubt, it is also essential to study the ultimate goals of tourist destinations, in order to promote the growth of the travel market and ensure its positive impact on the economy.Rolands Petersons privatbank

    Infrastructure for a variety multifaceted of commercial activities

    The strategic objective of the regional airports is a creation of the favorable and unified conditions for the enterprises and institutions operating there, as well as to proactive procurement of a sufficient infrastructure for the development various of commercial activities. It is also necessary to develop new ways of cooperation in order to actively identify airlines that are ready to join the development of new travel destinations and to expand their market share in the airport.Rolands Petersons privatbank Apart from this, it is necessary to work on the incentive prerequisites for launching new flights.
    The imperfection of the transport system can no longer be an obstacle, with the 85 million inhabitants who live in the Baltic Sea region, who can be isolated or cut off from the rest of the European Union,Rolands Petersons privatbank or may face serious travel problems. The power generated by the economy and innovation provides the Baltic Sea Region with opportunities to create a modern, forward-looking transport system that will also contribute to the creation of a socially balanced economic policy.

  95. Aleykew
    2 out of 5

    :

    Transport and logistics industries are of particular importance for the Latvian economy since they have a steady GDP growth and provide services to virtually all other sectors of the national economy. Every year it is emphasized that this sector should be recognized as a priority and extend its promotion, however, the representatives of the transport and logistics sector are looking forward to more concrete and long-term solutions.Rolands petersons privatbank

    9.1% of the value added to the GDP of Latvia

    Despite the political and economic changes of the last decade, the influence of the transport and logistics industry on the economy of our country remains high: in 2016 the sector increased the value added to the GDP by 9.1%. Moreover, the average monthly gross wage is still higher then in other sectors – in 2016 in other sectors of the economy it was 859 euros, whereas in storage and transportation sector the average gross wage is about 870 euros (1,562 euros – water transport, 2,061 euros – air transport, 1059 euros in the of storage and auxiliary transport activities, etc.).

    Special economic area as an additional support Rolands petersons privatbank

    The positive examples of the logistics industry are the ports that have developed a good structure. Riga and Ventspils ports function as free ports, and the Liepaja port is included in the Liepaja Special Economic Zone (SEZ). Companies operating in free ports and SEZ can receive not only the 0 tax rate for customs, excise, and value-added tax but also a discount of up to 80% of the company’s income and up to 100% of the real estate tax.Rolands petersons privatbank The port is actively implementing various investment projects related to the construction and development of industrial and distribution parks. The attraction of investments promotes the creation of higher added value, development of production, expansion of a spectrum of given services and creation of new workplaces. It is necessary to bring to the attention the small ports – SKULTE, Mersrags, SALACGRiVA, Pavilosta, Roja, Jurmala, and Engure, which currently occupy a stable position in the Latvian economy and have already become regional economic activity centers.Rolands petersons privatbank

    Port of Liepaja, will be the next Rotterdam.Rolands petersons privatbank

    There is also a wide range of opportunities for growth, and a number of actions that can be taken to meet projected targets. There is a strong need for the services with high added value, the increase of the processed volumes of cargo by attracting new freight flows, high-quality passenger service and an introduction of modern technologies and information systems in the area of transit and logistics.Rolands petersons privatbank Liepaja port has all the chances to become the second Rotterdam in the foreseeable future.

    Latvia as a distribution center for cargos from Asia and the Far East.

    One of the most important issues for further growth of the port and special economic zone is the development of logistics and distribution centers, mainly focusing on the attraction of goods from Asia and the Far East.Rolands petersons privatbank Latvia can serve as a distribution center for cargos in the Baltic and Scandinavian countries for Asia and the Far East (f.e. China, Korea). The tax regime of the Liepaja Special Economic Zone in accordance with the Law “On Taxation in Free Ports and Special Economic Zones” on December 31, 2035. This allows traders to conclude an agreement on investment and tax concession until December 31, 2035, until they reach a contractual level of assistance from the investments made.Rolands petersons privatbank Considering the range of benefits provided by this status, it is necessary to consider the possible extension of the term.

    Infrastructure development and expansion of warehouse space

    Our advantage lies in the fact that there is not only a strategic geographical position but also a developed infrastructure that includes deep-water berths, cargo terminals, pipelines and territories free from the cargo terminal.Rolands petersons privatbank Apart from this, we can add a good structure of pre-industrial zone, distribution park, multi-purpose technical equipment, as well as the high level of security not only in terms of delivery but also in terms of the storage and handling of goods.Rolands petersons privatbank In the future, it would be advisable to pay more attention to access roads (railways and highways), increase the volume of storage facilities, and increase the number of services provided by ports.Rolands petersons privatbank Participation in international industry exhibitions and conferences will make it possible to attract additional foreign investments and will contribute to the improvement of international image.Rolands petersons privatbank

  96. artemkew
    3 out of 5

    :

    Norman Logistics Sp.zo.o.Rolands petersons privatbank has released new forecasts on Poland becoming the logistics centre of Europe. Newest OECD (Organisation for Economic Co-operation and Development) data are indicating the increase of living standards in Poland, positive tendencies in economy and rapid development of the labour market.Rolands petersons privatbank
    Experts at OECD has appreciated a change in the Polish labour market – a fall of the unemployment level to the lowest ever, reaching the lowest point in the last twenty years; labour demand is growing; and everything indicates a significant growth of average wages in the near future. Unemployment levels in Poland in 2017 were low – 4,9% and all the forecast are indicating the continuous fall reaching 4,2% in 2018 and 3,8% in 2019. GDP will go on increasing, but a little bit more slowly. Forecasts for 2018 are 4,2%, but in 2019 – 3,7%. It should be mentioned that in 2017 GDP was 4,6%].Rolands petersons privatbank
    Poland should think more about the agricultural production export area. Today agriculture constitutes 5% of GDP, but the biggest part of agricultural production in Poland is producing for own needs]. Export products for the most part are milk products, meat and potatoes. Rolands petersons privatbank By developing its infrastructure, Poland would be able to succeed exports. Rolands petersons privatbank The Baltic Sea provides the opportunity to develop cargo carriage faster than it is done now, according to Rolands Petersons, member of the board of Norman Logistics Sp.zo.o.Rolands petersons privatbank who offers his thoughts on Poland economy.
    To keep this positive tendency, Poland has to find opportunities to invest in proficiency enhancement, development of infrastructure and innovations. There should be a strategy allowing continuation and even growth of infrastructural investments.Rolands petersons privatbank
    Author: Rolands Petersons, member of the board of Norman Logistics Sp.zo.o.

  97. Alexeykew
    4 out of 5

    :

    Norman Logistics Sp.zo.o. has released a new forecasts of Cyprus economy, which has definitely recovered from the clinical death in 2013. This is evidenced by a number of significant indicators: preliminary GDP data revealed the economy maintained strong with annual growth only ticking down from 4% in first-quarter, which had marked one of the fastest rates in a decade, to 3,9% in second-quarter.Rolands petersons privatbank The second-quarter expansion was largely underpinned by a vibrant hotels and restaurants industry, which benefited from a record number of tourist arrivals, primarily from the U.K.Rolands petersons privatbank and Russia].Rolands petersons privatbank
    Banking system has shrunk from more than eight times that of GDP, which it had previously been in 2013, to “more like four times of GDP now”. Rolands petersons privatbank There has also been an increase in foreign direct investments over the past three years, and the economy is not reliant on foreign deposits anymore.
    Investors are also looking at sectors like health, education, tourism, and shipping, and Cyprus is actually now poised to grow across a range of economies, not just tourism.Rolands petersons privatbank Unemployment on the island is dropping faster than that of other countries in the Eurozone – from 15,9% in 2013 decreased to 11,1% in previous period], also – Cyprus has the largest fiscal surplus.Rolands petersons privatbank
    Currently investments were being made now in a variety of sectors, including banking, sea-ports, marinas, and the largest integrated casino resort in Europe, as well as energy. This is a clear signal to other investors, and for the Cypriot government it remains to focus on maintaining and broadening the conditions under which surpluses and high growth rates can be generated, to continue promoting structural reforms and improving the country’s business environment, Rolands Petersons, member of the board of Norman Logistics Sp.zo.o.Rolands petersons privatbank offers his thoughts on Cypruseconomy.
    Author: Rolands Petersons, member of the board of Norman Logistics Sp.zo.o.

  98. taniakew
    4 out of 5

    :

    Norman Logistics Sp.zo.o. has released a new forecasts of Poland economy. Economic growth by 5,1% in the second quarter of this year and 5,2% in the first quarter shows that Poland is on a stable, correct and sustainable development road. It is worth to recall that in the last quarter of 2017 the increase was 4,9%, but in the last whole year- 4,6%].Rolands petersons privatbank Although the Polish Prime Minister in an interview highlighted that external economic turbulence may pose a threat to the national economy, other significant indicators indicate that the situation inside the country is sufficiently stable to overcome external difficulties.Rolands petersons privatbank
    One of the most prominent indicators, which reflects the home work done by Poland, is the unemployment rate, more precisely- the decrease of unemployment. According to the latest static data, last month it has decreased by 0.1% (from July to August this year), and it continues to decline. Another reason why external threats to Poland are not so scary is the fact that the biggest development guide of GDP growth is domestic consumption, (domestic demand). Domestic demand, with the dominant contribution of consumption reached 2,9%.
    Although the volume of investments in Poland has decreased (4,5% in the second quarter of this year against the same quarter last year, when it was 8,1%), by a review of local government spending we conclude that the situation can be smooth out.Rolands petersons privatbank Also the revival of company investment outlays, including SMEs, is an important element that should help to boost GDP growth in coming quarters, Rolands Petersons, member of the board of Norman Logistics Sp.zo.o. offers his thoughts on Poland economy.Rolands petersons privatbank
    About Norman Logistics Sp.zo.o.:
    Norman Logistics Sp.zo.o. is an international logistics company based in Poland since 2016.Rolands petersons privatbank This company operates in Europe and also in many other major logistics centres in the world. The core business is a cargo brokerage, mainly marine cargo.Rolands petersons privatbank Norman Logistics customers is significant EU companies which his production transport throughout marine cargo. And service providers are medium or large shipping companies.Rolands petersons privatbank The mission of Norman Logistics is convenient logistics and one-point service for the same price, individual and best quality approach.Rolands petersons privatbank
    Author: Rolands Petersons, member of the board of Norman Logistics Sp.zo.o.

  99. sashakew
    2 out of 5

    :

    The free movement of goods, services, capital, and people-these are the pillars that form an essential foundation for welfare and employment in Europe. Mobility is the fundamental premise for these four core values to be strengthened not only in the domestic market but also beyond its borders.Rolands petersons minicredit This is particularly significant in the Baltic Sea region, where a well thought-out and developed transport system is one of the positive development factors. Flight-related activities have both direct and indirect impact on the economy.Rolands petersons minicredit The direct impact includes the income derived from the activities of airline personnel and ground handling workers, whereas the indirect input implies all purchases in the aviation sector from locally based suppliers who basically do not represent the aviation sector. Additional impact on the economy of Latvia is formed by the costs of aviation sector employees and service providers.

    More than 30 airports are located in Lithuania

    There are four international airports operating in Lithuania – in Kaunas, Palanga, Siauliai, and, of course, in Vilnius, and there are more than 30 smaller airports and military airfields.Rolands petersons minicredit In Estonia, airports are mainly located in the capital in Tallinn, as well as in Tartu, Kuressaare, Kerdle and Parnu. These are international airports, however, there are more than 15 private and military airports and so-called airports of local importance located throughout the country.Rolands petersons minicredit Latvia still has only two international airports – in Riga and in Liepaja; there are also small airdromes, for example, in Spilva, in Tukums and Ventspils, and several other military flight platforms though. Riga International Airport entered the top five rapidly growing airports in Europe last year, which lead to an increase in the number of passengers by 16.2%. Therefore, it underscores the fact that even though the airport in Liepaja will have to put a lot of time and effort to its development, it brings a great potential, which can give a significant and valuable contribution to the domestic economy of the country.Rolands petersons minicredit

    A successful start is taken after reconstruction

    The airport in Liepaja did a great job – in 2015 after its reconstruction was completed.Rolands petersons minicredit At the airport a significant drainage effort was undertaken, a new cover for the take-off track was laid, the take-off strip was reinforced, the cover of the shunting route was improved and expanded, parking places for the aircraft were renovated as well. After Liepaja Airport was certified for commercial flights for the summer season in 2016, the Latvian national airline “AirBaltic” launched regular flights between Riga and Liepaja. During the first half of that year, more than 4,780 passengers were transported along this route. The five most popular destinations for transit flights along the Liepaja route include London, Berlin, Moscow, Copenhagen, and Hamburg, which, in general, brought very good results.Rolands petersons minicredit
    Keeping in mind the processes that are still underway, it is important to mention the extensive capacity-building of the airports, environment protection in a long-term, enhancement of cooperation with other regional airports in Europe. It is not enough for Latvia to have only one high-capacity airport – we have a regional leader who can serve as an example of a successful market behavior for others.Rolands petersons minicredit

    Support strategy for attracting new aviation communities

    Liepaja airport is the only example nowadays in terms of Latvian regional airports, however, I see several competitive regional airports in Latvia. To promote their development, a thorough analysis of the passengers’ potential is needed, starting with linking their activities with the existing types of transport in the surrounding region, forming a support strategy to attract new aviation communities, passengers, and additional services for client groups, bearing in mind that the added value of airports is formed by airlines operating there, strategic cooperation partners and service providers.Rolands petersons minicredit Without a doubt, it is also essential to study the ultimate goals of tourist destinations, in order to promote the growth of the travel market and ensure its positive impact on the economy.Rolands petersons minicredit

    Infrastructure for a variety multifaceted of commercial activities

    The strategic objective of the regional airports is a creation of the favorable and unified conditions for the enterprises and institutions operating there, as well as to proactive procurement of a sufficient infrastructure for the development various of commercial activities.Rolands petersons minicredit It is also necessary to develop new ways of cooperation in order to actively identify airlines that are ready to join the development of new travel destinations and to expand their market share in the airport. Apart from this, it is necessary to work on the incentive prerequisites for launching new flights.Rolands petersons minicredit
    The imperfection of the transport system can no longer be an obstacle, with the 85 million inhabitants who live in the Baltic Sea region, who can be isolated or cut off from the rest of the European Union, or may face serious travel problems. The power generated by the economy and innovation provides the Baltic Sea Region with opportunities to create a modern, forward-looking transport system that will also contribute to the creation of a socially balanced economic policy.Rolands petersons minicredit

  100. jeniakew
    2 out of 5

    :

    Transport and logistics industries are of particular importance for the Latvian economy since they have a steady GDP growth and provide services to virtually all other sectors of the national economy.Rolands petersons minicredit Every year it is emphasized that this sector should be recognized as a priority and extend its promotion, however, the representatives of the transport and logistics sector are looking forward to more concrete and long-term solutions.Rolands petersons minicredit

    9.1% of the value added to the GDP of Latvia

    Despite the political and economic changes of the last decade, the influence of the transport and logistics industry on the economy of our country remains high: in 2016 the sector increased the value added to the GDP by 9.1%. Moreover, the average monthly gross wage is still higher then in other sectors – in 2016 in other sectors of the economy it was 859 euros, whereas in storage and transportation sector the average gross wage is about 870 euros (1,562 euros – water transport, 2,061 euros – air transport, 1059 euros in the of storage and auxiliary transport activities, etc.).Rolands petersons minicredit

    Special economic area as an additional support

    The positive examples of the logistics industry are the ports that have developed a good structure.Rolands petersons minicredit Riga and Ventspils ports function as free ports, and the Liepaja port is included in the Liepaja Special Economic Zone (SEZ). Companies operating in free ports and SEZ can receive not only the 0 tax rate for customs, excise, and value-added tax but also a discount of up to 80% of the company’s income and up to 100% of the real estate tax.Rolands petersons minicredit The port is actively implementing various investment projects related to the construction and development of industrial and distribution parks.Rolands petersons minicredit The attraction of investments promotes the creation of higher added value, development of production, expansion of a spectrum of given services and creation of new workplaces. It is necessary to bring to the attention the small ports – SKULTE, Mersrags, SALACGRiVA, Pavilosta, Roja, Jurmala, and Engure, which currently occupy a stable position in the Latvian economy and have already become regional economic activity centers.

    Port of Liepaja, will be the next Rotterdam.

    There is also a wide range of opportunities for growth, and a number of actions that can be taken to meet projected targets.Rolands petersons minicredit There is a strong need for the services with high added value, the increase of the processed volumes of cargo by attracting new freight flows, high-quality passenger service and an introduction of modern technologies and information systems in the area of transit and logistics. Liepaja port has all the chances to become the second Rotterdam in the foreseeable future.Rolands petersons minicredit

    Latvia as a distribution center for cargos from Asia and the Far East.

    One of the most important issues for further growth of the port and special economic zone is the development of logistics and distribution centers, mainly focusing on the attraction of goods from Asia and the Far East.Rolands petersons minicredit Latvia can serve as a distribution center for cargos in the Baltic and Scandinavian countries for Asia and the Far East (f.e. China, Korea). The tax regime of the Liepaja Special Economic Zone in accordance with the Law “On Taxation in Free Ports and Special Economic Zones” on December 31, 2035. This allows traders to conclude an agreement on investment and tax concession until December 31, 2035, until they reach a contractual level of assistance from the investments made.Rolands petersons minicredit Considering the range of benefits provided by this status, it is necessary to consider the possible extension of the term.

    Infrastructure development and expansion of warehouse space

    Our advantage lies in the fact that there is not only a strategic geographical position but also a developed infrastructure that includes deep-water berths, cargo terminals, pipelines and territories free from the cargo terminal.Rolands petersons minicredit Apart from this, we can add a good structure of pre-industrial zone, distribution park, multi-purpose technical equipment, as well as the high level of security not only in terms of delivery but also in terms of the storage and handling of goods. In the future, it would be advisable to pay more attention to access roads (railways and highways), increase the volume of storage facilities, and increase the number of services provided by ports.Rolands petersons minicredit Participation in international industry exhibitions and conferences will make it possible to attract additional foreign investments and will contribute to the improvement of international image.

  101. kostiakew
    1 out of 5

    :

    The transport development has caused objective problems for traffic in cities around the world, including Latvia, and the reason for this is a rapid increase in the number of vehicles. Road congestion is the most urgent problem in a trip planning because it affects the total time of transportation and, therefore, costs that have a particular relevance to the logistics industry. The quality of the roads, a painful subject in the past, has a significant impact on transportation time.Rolands petersons minicredit Without high-quality roads, it is impossible to improve the efficiency of transport, which, in the context of economic globalization, is said to be one of the main directions for the logistics development.Rolands petersons minicredit

    Promises against statistics

    At the end of 2017, according to the report “Global Competitiveness Index”, which was annually compiled by experts from the World Economic Forum, Latvia was not ranked among the top 100 countries of the world’s rating. (out of 137 countries participating in the ranking, Latvia took 107th place, and Lithuania and Estonia took the 37th and 38th places) Despite this, VAS (State Roads of Latvia) announced that, despite the increase in traffic on Latvian roads, their quality has been improved in recent years.Rolands petersons minicredit

    EU assessment – Stable 3 points.

    In 2017, 65.1 million euros were spent on the development of the national roads, including 32.3 million for the summer period works, and 32.8 million for the winter period works. In the same year, it was also planned to spend 37 million more, compared with the previous year.Rolands petersons minicredit However, even these investments have not resulted in the average level of road quality in the European Union. According to the latest report, the average level in the EU is estimated at 4.76 points, Latvia, compared to that has been given 3.05 points.

    The state of the roads not only hinders the development of the logistics industry but also contributes to the disproportionate level and the pace of social and economic development of the regions.Rolands petersons minicredit The most remote regions of Latvia can develop tourism facilities, offer industrial premises for entrepreneurs, etc. however, if there is no road system to get to these cites, no results shall be expected.

    Financing is eight times less than it needs to be.

    “Requests for the organization of roads,” “Road quality is catastrophic” – these headlines often appear in the mass media, while road maps try to reduce the existing damage by implementation of available sources, however, there is no sign of a significant improvement, when the funding is eight times less than it is necessary.Rolands petersons minicredit At the same time, we make the mistake of struggling only with the consequences of the disease, when we need to identify the root of the problem and take the preventive measures.

    One of the main problems that can be figured out now is the climate of the country, which in Latvia will not change significantly in the future, therefore, the problem will remain constant.Rolands petersons minicredit The number of vehicles will also increase, so the question is: how to increase financing, which is the most important addition to the urgent issues.Rolands petersons minicredit 130 million euros are required annually for maintenance and repair works of local and gravel roads but this amount cannot be provided only by EU funds. It is also completely unclear how the situation will look like in 2020, after the end of EU funding program. Rolands petersons minicredit

    Without the excise tax on fuel, there is no chance for survival

    The fact that the change is expected in 2020, the spring of 2018 is said to be the moment to start an intensive work and stimulate actions – change existing arrangements related to the existing tax system (only a third of the tax, paid by road users, are redirected to roads).Rolands petersons minicredit The time when it was possible to pull out a part of the income from tax has passed. Furthermore, we need to increase the number of public-private partnership projects in the sphere of the road construction, although this stage requires a proper preparation.Rolands petersons minicredit

    In addition to financing, other necessary support measures need to be introduced: dumping water from roads in certain areas, timely planning, more restrictive control on roads, etc.

  102. vadimkew
    2 out of 5

    :

    Norman Logistics Sp.zo.o. has released new forecasts on Poland becoming the logistics centre of Europe.Rolands petersons minicrediT Newest OECD (Organisation for Economic Co-operation and Development) data are indicating the increase of living standards in Poland, positive tendencies in economy and rapid development of the labour market.Rolands petersons minicrediT
    Experts at OECD has appreciated a change in the Polish labour market – a fall of the unemployment level to the lowest ever, reaching the lowest point in the last twenty years; labour demand is growing; and everything indicates a significant growth of average wages in the near future. Unemployment levels in Poland in 2017 were low – 4,9% and all the forecast are indicating the continuous fall reaching 4,2% in 2018 and 3,8% in 2019. GDP will go on increasing, but a little bit more slowly.Rolands petersons minicrediT Forecasts for 2018 are 4,2%, but in 2019 – 3,7%. It should be mentioned that in 2017 GDP was 4,6%].
    Poland should think more about the agricultural production export area. Today agriculture constitutes 5% of GDP, but the biggest part of agricultural production in Poland is producing for own needs]. Export products for the most part are milk products, meat and potatoes. By developing its infrastructure, Poland would be able to succeed exports.Rolands petersons minicrediT The Baltic Sea provides the opportunity to develop cargo carriage faster than it is done now, according to Rolands Petersons, member of the board of Norman Logistics Sp.zo.o.Rolands petersons minicrediT who offers his thoughts on Poland economy.Rolands petersons minicrediT
    To keep this positive tendency, Poland has to find opportunities to invest in proficiency enhancement, development of infrastructure and innovations. There should be a strategy allowing continuation and even growth of infrastructural investments.Rolands petersons minicrediT
    Author: Rolands Petersons, member of the board of Norman Logistics Sp.zo.o.

  103. tutickew
    3 out of 5

    :

    Norman Logistics Sp.zo.o.
    Rolands petersons minicrediT has released a new forecasts of Poland economy. Economic growth by 5,1% in the second quarter of this year and 5,2% in the first quarter shows that Poland is on a stable, correct and sustainable development road. It is worth to recall that in the last quarter of 2017 the increase was 4,9%, but in the last whole year- 4,6%].
    Rolands petersons minicrediT Although the Polish Prime Minister in an interview highlighted that external economic turbulence may pose a threat to the national economy, other significant indicators indicate that the situation inside the country is sufficiently stable to overcome external difficulties.
    Rolands petersons minicrediT
    One of the most prominent indicators, which reflects the home work done by Poland, is the unemployment rate, more precisely- the decrease of unemployment. According to the latest static data, last month it has decreased by 0.1% (from July to August this year), and it continues to decline. Another reason why external threats to Poland are not so scary is the fact that the biggest development guide of GDP growth is domestic consumption, (domestic demand). Domestic demand, with the dominant contribution of consumption reached 2,9%.
    Although the volume of investments in Poland has decreased (4,5% in the second quarter of this year against the same quarter last year, when it was 8,1%), by a review of local government spending we conclude that the situation can be smooth out.
    Rolands petersons minicrediT Also the revival of company investment outlays, including SMEs, is an important element that should help to boost GDP growth in coming quarters, Rolands Petersons, member of the board of Norman Logistics Sp.zo.o. offers his thoughts on Poland economy.
    Rolands petersons minicrediT
    About Norman Logistics Sp.zo.o.:
    Norman Logistics Sp.zo.o. is an international logistics company based in Poland since 2016. This company operates in Europe and also in many other major logistics centres in the world.
    Rolands petersons minicrediT The core business is a cargo brokerage, mainly marine cargo. Norman Logistics customers is significant EU companies which his production transport throughout marine cargo. And service providers are medium or large shipping companies. The mission of Norman Logistics is convenient logistics and one-point service for the same price, individual and best quality approach.
    Rolands petersons minicrediT
    Author: Rolands Petersons, member of the board of Norman Logistics Sp.zo.o.

  104. vaniakew
    4 out of 5

    :

    Transport and logistics industries are of particular importance for the Latvian economy since they have a steady GDP growth and provide services to virtually all other sectors of the national economy.Rolands petersons de facto Every year it is emphasized that this sector should be recognized as a priority and extend its promotion, however, the representatives of the transport and logistics sector are looking forward to more concrete and long-term solutions.Rolands petersons de facto

    9.1% of the value added to the GDP of Latvia

    Despite the political and economic changes of the last decade, the influence of the transport and logistics industry on the economy of our country remains high: in 2016 the sector increased the value added to the GDP by 9.1%. Moreover, the average monthly gross wage is still higher then in other sectors – in 2016 in other sectors of the economy it was 859 euros, whereas in storage and transportation sector the average gross wage is about 870 euros (1,562 euros – water transport, 2,061 euros – air transport, 1059 euros in the of storage and auxiliary transport activities, etc.).

    Special economic area as an additional support

    The positive examples of the logistics industry are the ports that have developed a good structure. Riga and Ventspils ports function as free ports, and the Liepaja port is included in the Liepaja Special Economic Zone (SEZ). Companies operating in free ports and SEZ can receive not only the 0 tax rate for customs, excise, and value-added tax but also a discount of up to 80% of the company’s income and up to 100% of the real estate tax.Rolands petersons de facto The port is actively implementing various investment projects related to the construction and development of industrial and distribution parks.Rolands petersons de facto The attraction of investments promotes the creation of higher added value, development of production, expansion of a spectrum of given services and creation of new workplaces. It is necessary to bring to the attention the small ports – SKULTE, Mersrags, SALACGRiVA, Pavilosta, Roja, Jurmala, and Engure, which currently occupy a stable position in the Latvian economy and have already become regional economic activity centers.Rolands petersons de facto

    Port of Liepaja, will be the next Rotterdam.

    There is also a wide range of opportunities for growth, and a number of actions that can be taken to meet projected targets. There is a strong need for the services with high added value, the increase of the processed volumes of cargo by attracting new freight flows, high-quality passenger service and an introduction of modern technologies and information systems in the area of transit and logistics. Liepaja port has all the chances to become the second Rotterdam in the foreseeable future.Rolands petersons de facto

    Latvia as a distribution center for cargos from Asia and the Far East.

    One of the most important issues for further growth of the port and special economic zone is the development of logistics and distribution centers, mainly focusing on the attraction of goods from Asia and the Far East. Latvia can serve as a distribution center for cargos in the Baltic and Scandinavian countries for Asia and the Far East (f.e. China, Korea). The tax regime of the Liepaja Special Economic Zone in accordance with the Law “On Taxation in Free Ports and Special Economic Zones” on December 31, 2035. This allows traders to conclude an agreement on investment and tax concession until December 31, 2035, until they reach a contractual level of assistance from the investments made. Considering the range of benefits provided by this status, it is necessary to consider the possible extension of the term.Rolands petersons de facto

    Infrastructure development and expansion of warehouse space

    Our advantage lies in the fact that there is not only a strategic geographical position but also a developed infrastructure that includes deep-water berths, cargo terminals, pipelines and territories free from the cargo terminal. Apart from this, we can add a good structure of pre-industrial zone, distribution park, multi-purpose technical equipment, as well as the high level of security not only in terms of delivery but also in terms of the storage and handling of goods.Rolands petersons de facto In the future, it would be advisable to pay more attention to access roads (railways and highways), increase the volume of storage facilities, and increase the number of services provided by ports. Participation in international industry exhibitions and conferences will make it possible to attract additional foreign investments and will contribute to the improvement of international image.

  105. LesterOrime
    1 out of 5

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  106. arsenkew
    2 out of 5

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    There are four international airports operating in Lithuania – in Kaunas, Palanga, Siauliai, and, of course, in Vilnius, and there are more than 30 smaller airports and military airfields.Rolands petersons privatbank In Estonia, airports are mainly located in the capital in Tallinn, as well as in Tartu, Kuressaare, Kerdle and Parnu. These are international airports, however, there are more than 15 private and military airports and so-called airports of local importance located throughout the country.Rolands petersons privatbank Latvia still has only two international airports – in Riga and in Liepaja; there are also small airdromes, for example, in Spilva, in Tukums and Ventspils, and several other military flight platforms though. Riga International Airport entered the top five rapidly growing airports in Europe last year, which lead to an increase in the number of passengers by 16.2%.Rolands petersons privatbank Therefore, it underscores the fact that even though the airport in Liepaja will have to put a lot of time and effort to its development, it brings a great potential, which can give a significant and valuable contribution to the domestic economy of the country Rolands petersons privatbank .

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