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 Observer Latvija SIA

WEEK 52th 2004

Thursday, the 23rd of December, 2004

Investments grow by 24%
In January-September 2004 non-financial investments in Latvia amounted to EUR 1,354.3 million, which is by 24% more than in the same period of 2003. Non-financial investments in the public sector constituted EUR 459.2 million, by 34% more than in nine months of 2003. In the private sector EUR 895.07 million were invested, by 19% more. Approximately 30% of the non-financial investments were made into the industry, which is by 40% more than in the same period of the previous year. By 0.6% less were invested in the transport sphere.
Dienas Bizness

Wednesday, the 22nd of December, 2004

Investors “hunting”
Latvian PM, Aigars Kalvitis, asked the Bureau of Constitution Protection to examine foreign investors in Latvia. The basic issues to clear out are the aims of the investors within Latvia, as well as how the investments influence Latvian economic independence. The foreign direct investments in Latvia constitute approximately EUR 1.79-2.98 billion. Experts think that taking into consideration such great indexes it is rather dangerous for the country’s economy to conduct investigations like that.

Tuesday, the 21st of December 2004

Producer prices increase swiftly
In November 2004 the producer prices grew by 1.1% in comparison with the same month of 2003 and by 11.2% during the year. According to the data of the Central Statistical Bureau, producer prices of goods sold in the domestic market increased by 10.6%, and of exported goods by 12.2% during the year. The swiftest growth in producer prices was observed in equipment, machines and mechanisms production.
Dienas Bizness

Monday, the 20th of December 2004

GDP grows by 9.1%
In three first quarters of the current year Latvian GDP grew by 9.1%, and the speed of the economic development increased, too. Latvian Bank increased the forecast for Latvian GDP growth in 2004 from 7.5% to 8.5%. The growth in indexes was caused by the rise in the main branches of the national economy, such as trade, transport and communications, construction, financial services and processing industry.
Kommersant Baltic Daily

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