Reval Hotels
Pietari Express
 Observer Latvija SIA

WEEK 19.2005

Friday, the 20th of May, 2005

Karins set a goal
The Latvian Minister of Economy, Krisjanis Karins, during the 7th Baltic Economic Forum said that the goal of the Baltic States is to become one of the most well-developed economic regions of Europe. He stressed that the countries should look for common ways in order to decrease their dependence from Russia, which is the main supplier of oil and gas at present. He reminded that the average index of Latvian GDP growth was 6.4% starting from 1995, which exceeds the same index in older EU member-states.

State Revenue Service to have more work
In future the State Revenue Service will have a right to collect taxes required by tax administrations of other EU-states. According to the amendments to the law On State Revenue Service, the duties of the institution’s employees are supplemented and put in line with the EU directives. The general rights of the Service are specified in details, too.
Dienas Bizness

Thursday, the 19th of May, 2005

Will make it too hot for businessmen
Starting from May 19 several conferences on the changes in the order of acquisition of the EU funds will take place in different regions of Latvia. The whole procedure is simplified. The main rules are changed, so that more businessmen from Latgale’s region could receive money from the EU funds. The sums, necessary for projects implementation, will be divided according to where the project is realized: the further from Riga, the more money could be allocated.
Kommersant Baltic Daily

Monday, the 16th of May 2005

New record of living wage
In April 2005 the minimal living wage in Latvia increased by 1% or by EUR 1.48 in comparison with March of the current year. Therefore, it reached a new record, EUR 147.7. According to the Central Statistical Bureau data, in comparison with the same month of 2003 this index grew by 5.3%. Expenses for food products constitute the most part of the living wage, EUR 59.25.
Dienas Bizness

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