Baltic Business

WEEK 27th 2003

Friday, 4th of June, 2003

High economical activity in May
In May 2003, the level of economical activity in comparable prices has increased by 10.8% if compared to May last year. The growth of the economical activity was fostered by increase in the state budget revenue, in the wage salary fund, in hard currency's turnover and by the stability in manufacturing industry.
(Dienas Bizness)

Wednesday, 2nd of June, 2003

Latvia is second in GDP growth
The Q1 GDP in Latvia has increased by 8.8% this year, and amounted LVL 1.3 billion. The greatest increase was for sales – 17.3%, processing industry – 10.4%, construction – 17.5%, and for traffic and connections – 6.8%.
(Vesti Segodnja)

Tuesday, 1st of June, 2003

Bilateral permissions of road transportation
Latvia has signed a bilateral agreement with Slovenia, according to which from September 1 road transporters will be able to perform carriage of goods without permissions.
Latvia has reached an agreement with Russia about assignation of additional 5 thousand bilateral permissions of road transportation.
(Dienas Bizness)

Monday, 30th of June, 2003

The World Bank is ready to help
The World Bank has expressed readiness to participate in reforms of Latvian state administration, corruption prevention, as well as in the fields of researches of economic sciences.
(Dienas Bizness)

Volumes of non-financial investments in Latvia increase
In 2003, the Q1 non-financial investments in Latvia amounted LVL 198.9 million, which is an increase of 20% if compared to the Q1 last year. The non-financial investments in public sector reached LVL 57.5 million, which is 0.5% more than in the first quarter of 2002, whereas the Q1 non-financial investments in private sector amounted LVL 141.4 million, which is an increase of 31% if compared to the Q1 last year. The equipment and the machines formed 50% of all the non-financial investments or LVL 99.6 million. 23% of all the non-financial investments received the manufacturing industry, whereas 21% - the industry of food and drinks' production.
(Dienas Bizness)

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