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Observer Latvija SIA

Friday 11th of April, 2003

Rapid growth in external trade
In the first two months of this year, there has been a rapid growth in the external trade in Latvia. Latvia's has increased by 16.6%, whereas import by 19.8%. The largest part of the exported products - 62.8%, was formed by export to the European countries. Within the first two months, it increased by 20%, if compared to the respective time period last year, and exceeded LVL 147.9 million. The most significant Latvian export partners were Germany, Great Britain, Sweden, Lithuania, and Denmark. According to data of the Central Statistical Bureau of Latvia, the value of the exported products amounted to a total of LVL 235.7 million, whereas the value of import reached a total of LVL 394.9 million. In 2002, import exceeded export by 63%, but this year it exceeded by 67.5%.
(Diena)

Thursday 10th of April, 2003

Construction of scientific and technological complex
The Ministry of Economics has developed a project, which anticipates the construction of grandiose scientific and technological complex in the city of Salaspils. It is intended that over 500 new scientists will be engaged in developing high-tech innovations, which will be integrated in the industrial production afterwards. The total costs of the project are around EUR 150-180 million, and it will be completed in 7-10 years.
(Bizness&Baltija)

Latvian Gas to raise tariffs
The Public Services Regulatory Commission has decided to allow the monopolist Latvijas gaze (Latvian Gas) to raise tariffs as of July 1. It is expected that tariffs on central heating and electricity will increase as well.
(Diena)

Latvian accreditation admitted in Europe
On November 27th, 2002 the Latvian National Accreditation Office during 10th General assembly of European co-operation for accreditation signed multilateral agreement for mutual admission of laboratory and certification institution results.
Dienas Bizness

Tuesday 8th of April, 2003

Anticipates bright future for GDP of Latvia
Skandinaviska Enskilda Banken (SEB) of Sweden in its annual report anticipates that from the Baltic States Latvia will have the highest increase in GDP both this year, and the next year. This year GDP could increase for 6.1% as it was in the last year, but in 2004 it can reach 6.6%.
(Neatkariga Rita Avize)

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