Baltic Business

WEEK 36th 2003

Friday, the 1st of September, 2003

Investments in Latvia grow
According to the UN Conference on Trade and Development, last year, the direct foreign investments in Latvia from USD 164 million in 2001 they reached USD 396 million. According to the data of Q1 of the current year, 12.6% of the accumulated investments came from Sweden, 12.5% from Germany, and 10.3% from Finland.
(Dienas Bizness)

Thursday, the 2nd of September, 2003

Leaders keep positions
The inhabitants of Latvia believe that Hansabanka is the safest bank in Latvia. According to the survey of the company SKDS, 45.4% of the respondents think that Hansabanka is the safest bank in Latvia, 38.6% of the respondents consider Latvijas Unibanka as the safest bank, whereas Parekss Banka is the third safest with 37.1% votes. The top three of the safest banks of Latvia has remained the same as in the summer of the last year. Hansabanka and Parekss Banka are considered to be the safest by the residents of Riga. Also the inhabitants of Kurzeme and Zemgale regions believe that Hansabanka is the safest, whereas in Vidzeme the most safest is Unibanka, but Parekss Banka - in Latgale.
(Dienas Bizness)

Wednesday, the 3rd of September, 2003

Millions for needs of people
Last week, the government decided to increase the prognosis for the income of the revenues from LVL 1.505 billion to LVL 1.531 billion for the next year. There has been increased the prognosis for social insurance payments, corporative income tax, and income tax. The Ministry of Welfare will receive most of the money or LVL 5.2 million, which is planed to be used for raising of the minimal pension, social allowances, and creating an alimony's fund to support unmarried mothers.
(Biznes & Baltija)

Tuesday, the 4th of September, 2003

In Latvia salaries grow much faster than prices
According to the Central Statistical Bureau of Latvia, Q2 salaries in Latvia have increased by 11% if compared to Q2 last year, whereas Q2 prices have grown by 2.9% this year. The salaries in the public sector have increased more than in the private companies.

Moday, the 5th of September, 2003

CSB about companies
According to the Central Statistical Bureau of Latvia, in 2002, the net turnover of the companies, except banks, insurance companies, and budget institutions, amounted LVL 11.995 million which is 12% more than in 2001. Most of the turnover or LVL 5.554 million came from sales, LVL 2.291 million - from manufacturing industry, and LVL 1.376 million - from transport and connections.
(Biznes & Baltija)


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