Characteristics of the fishing industry in Latvia
2018
Proskina, L., Latvia Univ. of Life Sciences and Technologies, Jelgava (Latvia). Faculty of Economics and Social Development | Pilvere, I., Latvia Univ. of Life Sciences and Technologies, Jelgava (Latvia). Faculty of Economics and Social Development | Nipers, A., Latvia Univ. of Life Sciences and Technologies, Jelgava (Latvia). Faculty of Economics and Social Development | Silovs, M., Latvia Univ. of Life Sciences and Technologies, Jelgava (Latvia). Faculty of Economics and Social Development
Fisheries and aquaculture remain important sources of food, nutrition, income and livelihoods for hundreds of millions of people around the world. In the EU, the development of fisheries is affected by the Common Fisheries Policy which aims to ensure that fishing and aquaculture are environmentally, economically and socially sustainable and that they provide a source of healthy food for EU citizens. In Latvia, the fisheries industry is related to a rational and sustainable use of living natural resources in its economic zone, territorial waters and internal waters. Therefore, research aim is to examine the key characteristics of the fishing industry in Latvia. To achieve the aim, the following specific research tasks are defined: 1) to examine the characteristics of the fishing fleets of EU Member States; 2) to analyse total catch volumes and the performance of top 10 fishing enterprises in Latvia. The present research analysed the fishing fleets of EU Member States, which are affected by fleet capacity management measures, catch quotas for Latvia, catch volumes in the Baltic Sea and the Gulf of Riga in the period 2014−2017 as well as the key performance indicators of the top 10 fishing enterprises of Latvia. The research has discovered that the fishing enterprises of Latvia are affected by catch quotas for the key fish species that were reduced on average by 1−57 % during the period 2014−2017. The top 10 fishing enterprises turnover in 2016 increased by 60.7 % compared with 2014 and by 27.7 % compared with 2015, but in 2016 only four made profit.
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