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ArticleEurope Round Up | Overview: Slowdown bites but signs of optimism
The slowdown in global markets is impacting Europe’s leisure marine sector as rising inflation and interest rates have caused a cost-of-living crisis across much of the continent. Eurostat data reveals that annual inflation in EU countries averaged 9.2% in 2022 – Estonia saw rates hit 19.4%. Not surprisingly consumer confidence ...
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NewsIrish marine clothing brand acquires Latvian facility
OCEANR completes takeover of ex-Adidas factory and staff, paving way for further growth
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NewsBaltic Boat Show cancelled
The organisers of the Baltic Boat Show, Riga Expo, in Latvia have decided to cancel the show which was due to have taken place in Riga later this month. The boat show, which would have been part of a larger general Outdoor Activities Exhibition, normally has approximately 100 exhibitors. This ...
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NewsBaltic states look to boost boating sectors
Latvia, Lithuania and Estonia all looking to capitalise on yachting infratructure investment
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NewsLatvia plans more active development of yachting post-Covid-19
Move to establish boating marinas in commercial ports to offset decline in freight transport
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NewsRussian builder launches first yacht at Latvian yard
Russia-owned boatbuilder Latitude Yachts has completed the construction of its first yacht, a trimaran, at the company’s shipyard in Sarkandaugava, within the Freeport of Riga, in Latvia.
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