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Reconstruction of Riga Art and Media Technical School service hotel will be performed by SIA ‘Reaton’

State Education Development Agencies SIA “Reaton” has won the tender announced for the reconstruction works of the Riga Art and Media Technical School service hotel at Jūrmalas gatve 90, Riga, as well as the simplified renovation of the roof of the study building and the reconstruction of the transition.

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“Lursoft” information shows that this year SIA “Reaton” has won a total of 3 procurements. The largest of them is for the reconstruction of Iecava Secondary School (contract price of 2.18 million euros).

Last year, SIA Reaton continued to operate steadily, even with moderate growth in other business segments where operations were not directly restricted, such as the delicatessen, the construction and finishing materials wholesale segment, as well as the door factory.

SIA “Reaton” in 2020 had a turnover of 48.03 million euros and earned 102.93 thousand euros, according to the annual report submitted by the company. Compared to the previous year, its turnover last year decreased by 14.8%, but profit by 33.69%.

In 2020, SIA “Reaton” completed the reconstruction of the logistics center, the total cost of which reached 2.14 million euros. Investments in the development of the logistics center have paid off, ensuring further development of the food wholesale segment, increase in sales, as well as improvement of technological processes. This year, the company plans to invest in IT infrastructure and security systems, ensuring the secure flow of company data, in accordance with modern requirements.

SIA “Reaton” points out that also this year the company’s operations are still negatively affected by the implemented epidemiological safety measures both in Latvia and the other Baltic States, despite the fact that they are gradually being relaxed. The company’s turnover in the first half of 2021, compared to the first half of 2020, has remained at the same level.

“Lursoft” data show that in 2020 SIA “Reaton” owned by Boris Gluhman and Natalija Jakovļeva was the employer of 432 employees. Currently, according to the information available to Lursoft, 16 structural units have been registered for the company.

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