Baltic Business

Observer Latvija SIA

Friday 4th of April, 2003

Approval of amendements in the Law on Accounting
Yesterday, the Parliament approved amendments in the Law On Accounting, which intends to create Accounting Board for development and approval of Latvian accounting standards.
2003-04-04, Dienas Bizness

Thursday 3rd of April, 2003

Approval of amendements in the Law on Privatisation of Land
On April 3rd, the Parliament approved amendments in the Law On Privatisation of Land in Regions, which will restrict acquisition of land for non-residents in the period from 2004-2011. Non-residents will be allowed to acquire land only after living, renting the land, and actively working in the sphere of agriculture in Latvia for three year. (DB, BB)
2003-04-04, Bizness&Baltija

Scandal about Ventspils Nafta
The biggest private shareholder of Ventspils Nafta (VN), Latvijas naftas transits (Latvian oil transit) is considering to take legal actions against the deputy Prime Minister, Ainars Slesers, regarding his recent announcements of the illegality of VN privatisation in 1997. There are opinions, that A.Slesers is lobbing Russia's interests to make Russia's influence in Latvia bigger.
2003-04-03, Dienas Bizness

Wednesday 2nd of April, 2003

Increase in economical activity by 14 %
According to the data provided by the Ministry of Finance, the index of economical activity this February in comparing prices has increased for 14% if compared to the respective time period of the last year. The growth was facilitated by the turnover of the retail sales, and the increase in the Work payment foundation and in the budget of the government.
2003-04-02, Dienas Bizness

Tuesday 1st of April, 2003

Possible changes in income tax
It is expected that in April the Minister of Economics, Juris Lujans, will submit to the Parliament for examining five proposals regarding the allowances in enterprises' income tax.
2003-04-01, Bizness&Baltija


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