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WEEK 46th 2003

Friday, the 14th of November, 2003

Austrians are ready to invest
The Austrian entrepreneurs consider Latvia as the centre of the Northern region of the European Union and are ready to invest in Latvia after its accession to the EU. That was the announcement made at the forum Latvia, New Partner of the EU – a Bridge to the Eastern Europe, which was organized by the Austrian Chamber of Commerce. The trade between the two countries is increasing. In 1998, the imports amounted to LVL 11.023 million and exports – LVL 39.965 million, whereas last year, these indicators were LVL 13.711 million and LVL 56.472 million.
(Biznes & Baltija)

Thursday, the 13th of November, 2003

Latvian retail trade has almost beaten the record
In the first nine months of 2003, the turnover of the retail reached LVL 1.986 billion, which is 9% more than in the respective time period last year. Approximately 1/3 of it or LVL 602.6 million has been spent in supermarkets. The turnover of the supermarkets increased by 19%. The largest increase was in the sectors of furniture and textiles. The turnover of furniture increased by 36%, whereas the turnover of clothing, footwear and textiles increased by 26%. The distributors of goods sold products worth LVL 72 million, which is 4% less than in the respective time period last year, whereas hardware shops have sold goods worth LVL 7.3 million, which is 19% less than in the same period a year ago.
(Biznes & Baltija)

Cargo turnover increased by 5%
In the first ten months of 2003, the total turnover of Latvian ports reached 46.319 million tons, which is an increase of 5% if compared to the respective time period last year. Half of the turnover or 23.53 million tons was transhipped in Ventspils port, whereas the cargo turnover in Riga port was 18.044 million tons, which is 23.1% more if compared to the respective time period a year earlier. The cargo turnover of Liepajas port increased by 17.4% reaching 4.031 million tons.
(Biznes & Baltija)

A step to one billion
According to the Central Statistical Bureau of Latvia, in the first nine months the imports exceeded exports by 78.6%, whereas in the first nine months of 2002, the number was 72.2%. In real numbers the current difference between the imports and the exports is LVL 953.4 million. The countries of the EU are still the main export partners of Latvia. In the nine-months period Latvia exported to the EU goods worth LVL 764.4 million and it is LVL 139.8 million more than in the respective time period last year. The imports coming from the EU amounted to LVL 1.092 billion, and it is 50.4% of the total amount of goods imported to Latvia in the nine months of 2003. The Latvian entrepreneurs have exported goods worth LVL 1.213 billion, which is 16.9% more than in the respective time period last year. There have been imported goods worth LVL 2.166 billion in Latvia, which is an increase of 21.3%.
(Biznes & Baltija)

Tuesday, the 11th of November, 2003

Consumption prices increase by 0.9%
In October, consumption prices in Latvia increased by 0.9% if compared to September 2003. The largest increase in prices were for clothing, footwear and vegetables. The prices of clothing and footwear increased by 5% last month, whereas the prices for vegetables increased by 19.6%. The prices for medicine, some food products, eating, the services of hairdressers, waste management increased as well, while the prices for cigarettes, fuel, beef, potatoes, sugar and fruit decreased. If compared to October last year the prices have increased by 3.3%.
(Dienas Bizness)

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