Swedish Company Make Significant Forestry Investment In Latvia

24.04.2013 A company headed by two Swedish investors has purchased 940 hectares of Latvian forestry over the last four years. Since 2009, Zaveria has been buying properties in the country and the entire portfolio is within a 50 kilometre radius of the city of Jekabpils, Baltic Business News reports. The company’s chief executive Per Anders Nilsson explained to the news organisation that he has a forestry background and studied the industry at both the Stockholm School of Economics and the Linne University in Vaxjo. Along with a fellow student from Vaxjo – who was born in Latvia – Mr Nilsson travelled to the country and began to make purchases, although he admits the pair ran into problems at first. “The problem regarding buying forest properties in Latvia is that individual properties are usually too small and it is difficult to get a sufficient concentration of properties to make management efficient,” he stated. Zaveria has gone from strength to strength and now owns a significant amount of forestry in Latvia. HD FestForest provides forest management in Estonia, Latvia and Lithuania and is a subsidiary company of HedeDanmark. Taylor Scott International