Friday, the 8th of April, 2005
New enterprises foundation boom in Latvia continues. It is explained by the growth in the national economy, lower tax burden and the wish of the proprietors of not re-registered companies to create new companies. In three months of 2005 2,715 new enterprises were founded, which is by 273 companies or 11.2% more than during the same period in 2003. However, it is not possible to define, in which spheres these enterprises will work.
Wednesday, the 6th of April 2005
Latvia is IT state
In technological knowledge competition organized by the international testing and employers certification company Brainbench Latvia took a high place, as well as some other Eastern European countries. The results of the competition were surprising as they overthrew the views on the places of concentration of the IR specialists in the world.
Tuesday, the 5th of April 2005
New extra charge
Starting from May 1, 2005, the reloading of every container in the Baltic Containers Terminal will cost by EUR 6 more than before. It could cause the withdrawal of the containers cargos from the Riga Port. Klaipeda Port in Lithuania also plans to introduce the similar duty. Tallinn Port is not going to follow this example. Containers cargos are the only cargos, which volume in Riga Port was growing in the last several years.
Monday, the 4th of April 2005
Experts forecast that the possible long-term increase of dollars rate could injure the growth perspectives of Latvian economy. They do not know when exactly the dollar could grow, but it could happen in the end of 2005. Dollars rate could reach LVL 0.70 (EUR 1), therefore becoming by 30% more expensive than it is now. If dollars value is equal to euros value, the prices of all goods denominated in dollars will grow by 30%. It will have especially significant influence upon energy sector, metal production, wood processing and food production industry.
Unseen Swedish interest
Latvian businessmen, who accompanied the President of Latvia, Vaira Vike-Freiberga, in her visit to Sweden, were surprised with the interest and wish of Swedish entrepreneurs to collaborate with their Latvian colleagues. During the seminars they could meet with the potential partners and investors and discuss the cooperation opportunities.
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