German retail Lidl begins to construct logistics center in Riga

On October 19, the German retailer Lidl laid the foundation for a new logistics center in Riga. The company is investing over €55 million euro with €42.5 million in construction while a further €15m will be invested into equipment. Construction is planned to be finished in 2020. The building on Ulbrokas street in Rīga will be 47,000 square meters large, becoming one of the most modern and technologically advanced logistics centers in the Baltics.

Representatives of the company pointed out that there are currently 39 Lidl stores in Lithuania, and in Latvia it is planned to reach a similar number of stores over time, but initially, in order to justify the creation of a logistics center, at least 10 stores will be opened in Latvia in 2020, along with the opening of the logistics center.

The ceremony celebrating the laying of foundation for the new logistics center was attended by Economics Minister Arvils Ašeradens, the German ambassador Rolf Ernst Schütte and Rīga mayor Nils Ušakovs. Minister of Economic Affairs Arvils Ašeradens congratulated Lidl on the decision to enter Latvia and start construction work. He said that the opening of Lidl stores in Latvia would be a benefit to local producers, who will have more opportunities for realization of the product, as well as for the people of Latvia who will be able to purchase many food items at lower prices.

Lidl is a pan-European company, a supermarket chain with 10,000 stores in 30 countries, and is the third largest retail chain in the world. Lidl's planned investments in Latvia will not only increase the presence of German investments here but will also benefit Latvian consumers and workers who will be able to work in this company in the future.