|Wednesday 7th of May, 2003
Latvia is an attractive place for investments
According to the press secretary of the Minister of Economics, Iveta Balode, the Minister has commented on the economic environment in Latvia to the influential US business magazine Forbes. The Minister characterised Latvia as an attractive place for US investments, since, in addition to its favourable geographical location, the country is flexible in respect to the global economic processes.
Global Finance awards best banks
International journal Global Finance, which is published in the USA, has placed Hansapank to be the best bank in Estonia, Vilniaus bankas in Lithuania, and Parekss banka in Latvia.
(Kommersant Baltic Daily)
Tuesday 6th of May, 2003
Latvia increases pace
In the first quarter this year, Latvia has experienced the fastest growth in the meat production in the Baltic States if compared to the respective time period last year. 22,000 tonnes of meat were produced in Latvia in the first quarter, which is 11% more than in the first quarter last year.
Monday 5th of May, 2003
The economic activity grows
The economic activity in March of the current year, comparing to March a year earlier, grew by 10.1%. The growth was facilitated the increase in the work payment foundation, and favorable situation in the manufacturing. During the first quarter this year the economical index has increased by 12%.
The EBRD continue financing projects in Latvia
Despite Latvia is close at entering the EU, the European Bank for Reconstruction and Development (EBRD) is ready to continue providing financing for projects developed in Latvia. Up till now, EBRD has invested EUR 321.018 million in Latvian projects.