OREANDA-NEWS. December 01, 2015. JSC “Rigas autoelektroaparatu rupnica” was found in 1946. Company’s main business is sales of self-produced control and measuring devices for cars and tractors. As the company owns real estate, it is gradually developing another branch of activities – management and rental of belonging real estate.

Net turnover of the enterprise in 9 months of 2015 is 186499 EUR. It is 35% of turnover in the corresponding period of 2014. Partly it has been affected by political and consequently by economical situation in Russia and in the Ukraine.

The result of economic activities in this period is losses 32216 EUR.

Discussions are currently going on with the Belarusian company “Minsk Tractor Works” regarding the entering into a contract, that would mean restoration of cooperation with this company.