Baltic Business

Observer Latvija SIA
Thursday 17th of April, 2003

Biggest taxpayers in Latvia
Yesterday, the State Revenue Service awarded the biggest taxpayers in 2002. The first place is captured by Lattelekom, which surpassed the oil wholesaler Kurzemes degviela, and producer of alcoholic beverages Latvijas balzams. Last year, total tax revenues of the state budget amounted to LVL 1.643 billion, which is by LVL 175.15 million or 12.2% more than in 2001.

Government accepted contract on joining EU
On April 16, in Athens 25 leaders of European countries signed a contract, which will allow Latvia and other nine candidate states to become full-fledged members of the European Union next year.

Tuesday 15th of April, 2003

Southern Cross*Crus del Sur wwant to participate in the construction of oil refinery
According to information possessed by Biznes & Baltija, one of the world's biggest investment groups, Southern Cross*Crus del Sur, has expressed willingness to participate in the construction of oil refinery in the Ventspils Free Port. The estimated value of this project is around USD 1 billion, and Southern Cross*Crus del Sur is ready to provide approximately one third of this amount.

Retail sales continues to grow
In the first two months this year, the turnover of retail sales was LVL 379 million, which is 14% more than in the respective time period last year. The largest increase was in the groceries.

Monday 14th of April, 2003

Business can get to the money of the EU
Latvia will be able to use EUR 334,26 million from the European Regional Development Fund after joining the European Union in May 1, 2004. The amount of money, which will be allocated for Latvia afterwards, will be know at the time from 2007 till 2013, when the budget of the EU will be accepted. The money allocated for each country is calculated according to the level of development in the country. Latvia has intended to spend the money for balanced development, and entrepreneurship and innovation promotion. Each of the two priorities will receive 50% of the sum.
Dienas Bizness


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