2018

JSC “Latvia's State Forests” has Registered 23% of the Territory of Latvia in the Land Register

Since 2002, JSC “Latvia's State Forests” (LVM) Real Estate Management has already registered 23% of Latvia's territory in the Land Register. Altogether, LVM has registered 1.5 million hectares of the total 1.61 million hectares of land.

“The million five hundred thousandth hectare, registered in the Land Register, is located in Ziemeļlatgale region Cibla Municipality Līdumnieki Rural Territory and is part of the estate State Forests”, says Valdis Kalns, Head of Real Estate Management at LVM.

The registration of the state-owned land on behalf of the Ministry of Agriculture in the Land Register has to be completed by the end of 2019. According to the order of the Cabinet of Ministers of 20 May 2014, the company is obliged to register all of its managed territories in the Land Register.

Land registration in the Land Register in the name of the state provides indisputable ownership and protection of state property. During the time of the First Republic, the land of the Forest Department was not registered in the Land Register.

Since its foundation in 1999, Joint Stock Company “Latvia’s State Forests” implementing sustainable forest management has paid one billion euros to state and local government budgets. LVM's economic activities are carried out by maintaining and recovering forests, taking care of nature conservation, recreation opportunities and increasing timber volumes, as well as investing in expanding the forestland and developing forest infrastructure - renovation of drainage systems and forest road construction. The volume of timber in the forests managed by LVM increases by 12 million cubic metres annually.