Reval Hotels
Pietari Express
 Observer Latvija SIA

WEEK 36.2005

Friday, the 9th of September, 2005

Inflation does not decrease
In August, inflation reached 6.1 per cent compared to August last year. The prices of goods increased by 6 per cent but the prices of services increased by 6.3 per cent. The forecasts of the government that the inflation will decrease and the annual inflation will be at the level of 6 per cent have not become true. In August, there was a deflation of 0.1 per cent compared to July this year. The prices of goods decreased by 0.3 per cent and prices of services increased by 0.4 per cent.
Dienas Bizness

Thursday, the 8th of September, 2005

Prices grow again
On September 7 the European Parliament decided to exclude the point about sunrays from the draft directive on protection of employees from optical radiation. Initially this point stipulated that additional protection should be ensured for people, who work under the direct sunrays. Latvian builders strictly objected against it, as it would require extra expenses and cause problems; for example, the clothes of the constructors would be regulated, and they would have to use special creams, which protect skin from direct sunrays.
Dienas Bizness

Wednesday, the 7th of September, 2005

The most unemployed in the Baltic States
According to Eurostat data, Latvia is on 7th place among the EU countries according to the unemployment level. This index reaches 8.8%, while in Lithuania it is 7.8%, and in Estonia 7.6%. The highest unemployment rate within the EU is in Poland, 17.6%, Slovakia, 15.2%, and Greece, 9.9%, while the lowest is in Great Britain, 4.7%, and Ireland, 4.3%.

Tuesday, the 6th of September, 2005

Petrol engine of inflation
The growth in petrol prices continues to cause worries of both entrepreneurs and consumers. The petrol's price has already reached EUR 0.97 per litre in Latvia. It could also become one of the main obstacles for the introduction of euro in Latvia in 2008. Experts note that Latvia cannot influence this process, but if the EU allows using the fuel reserves in the market, the situation would change. The Latvian PM, Aigars Kalvitis, invited people to economize the energy resources.

Monday, the 5th of September, 2005

Cheap sausage needs cheap labour flow
The largest Baltic trade enterprise, Lithuanian VP Market, announced that it is experiencing catastrophic deficit of personnel due to the constant migration of people from Lithuania. The company even stated that it is ready to employ people from Moldova, Ukraine and other East European countries. However, VP Market is not going to invite personnel from abroad to its shops in Latvia, while Maxima and some other large Latvian companies of other branches are going to do it because of fluidity of the labour force.

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