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Latvian Traders Association President: Latvia is too small

Henriks Danusevics

A BNN article from January 18, 2011: Latvia is too small for Lidl, who has other markets where to develop, the President of the Latvian Traders Association Henriks Danusevics told the business news portal BNN.

The pragmatic management of the German company did not make a mistake in concluding that it is more profitable for them to invest in Sweden, Ireland and Belgium.
Consequently, they sold their properties to Estonians in 2007, thus stopping their operations in Latvia.
No new market players can be expected.

Read the full article in the BNN platform.