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The role of transit in the economy of Latvia

Роль транзита в экономике Латвии
[journal article]

Gžibovska, Nataļja

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Abstract Transit is an important issue in the history of world economy, including the economy of Latvia. Transit makes a significant contribution to the budget of many transit countries, one of which is the Republic of Latvia. These countries do not have significant natural resources and prefer to focus on logistics and infrastructure in order to facilitate the transit process. This article focuses on the role of transit in the economy of Latvia, whose unique geographical position makes the country an effective transport corridor (bridge) in both the west-east and north-south directions. The article presents the results of an opinion poll conducted at Latvian transit enterprises regarding their future development and offers an overview of the main seaports and the Rīga international airport. The author examines the issue of Russia’s accession to the World Trade Organization and its impact on the Latvian transit, the prolongation of EU sanctions against Belarus, and the use of Latvian transport infrastructure for handling the non-military cargo traffic to/from Afghanistan. In conclusion, a forecast of possible transit development in Latvia is provided.
Keywords Latvia; public budget; freight traffic; traffic; infrastructure; Russia; WTO; economic development (on national level); geographical factors; competition; effect; Belorussia; political sanction; EU
Classification National Economy
Document language English
Publication Year 2013
Page/Pages p. 106-112
Journal Baltic Region (2013) 2
Issue topic Energy
ISSN 2079-8555
Status Published Version; peer reviewed
Licence Free Digital Peer Publishing Licence