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WEEK 15TH 2004

Thursday, the 8th of April, 2004

Emission was successful
In the near future State Treasury of Latvia is going to become the best institution of that kind in Europe and to compete successfully with banks in budget institutions services. This aim will be achieved thanks to the maximal use of IT. State Treasury has already successfully emitted Latvian euro-bonds, which total value is EUR 400 million. Investors from Germany, Scandinavian and other countries bought them very quickly.

Stamp creates difficulties
Because of the neglect of duties by the Ministry of Agriculture of Latvia, Latvian producers do not know how to mark their goods correctly. It could create difficulties in export of products to the EU-countries. Many producers hoped to begin exporting their production after May 1, but now they have to spend time and money for making new packing for the goods.
Kommersant Baltic Daily

Wednesday, the 7th of April, 2004

Agree about cooperation with China
Latvian government decided to conclude new economic cooperation agreement with China. It is necessary because China is an important trade partner of Latvia. In the framework of the document a special committee for effective implementation of the agreement will be created.
Dienas Bizness

Will keep rapidity
New EU member-states will receive in 2004-2006 EUR 45 billion. The Baltic States will receive most of all: Latvia and Lithuania EUR 500 for each inhabitant while Slovenia only EUR 224 for one inhabitant. According to the forecasts of the specialists from Baltic Outlook, in 2004-2005 the Baltic States economy will continue its development, which is the most rapid in Central and Eastern Europe. The average growth of their GDP could be 6-7% per year. One of the most important issues for Latvia will be limitation of inflation level.
Dienas Bizness

Monday, the 5th of April, 2004

Economic activity index grows
In Latvia economic activity index grew by 7.1% in comparison with the same month of 2003. It happened due to increase of retail trade turnover, increase of wages fund and state budget incomes. In January it grew by 8.4%, and in 2003 in general - by 9.2%.

Traders restrained left business
This year the amount of trade without paying taxes could be 20% in comparison with 50% in 1994. The head of Latvian Traders Association, Henriks Danusevics, thinks that this is the merit of the organization, which puts many efforts in decreasing the turnover of illegal retail trade.
Kommersant Baltic Daily

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