Reval Hotels
Pietari Express
 Observer Latvija SIA

WEEK 39.2005

Friday, the 30th of September, 2005

According to the results of the regular economic research Global Competitiveness Report, Latvia is on 44th place according to its competitiveness index. In other Baltic States and all the new EU member-states, except Poland, the situation is better. According to this competitiveness rating, Finland is on the first place, the USA on the second, Sweden on the third, Denmark on the fourth and Taiwan on the fifth place.

Wednesday, the 28th of September, 2005

Phone numbers to be composed of eight signs
The Latvian government approved the concept for transition to eight-signs phone numbers. This decision could help to solve the problem with deficit of resources for mobile operators. However, it could also create inconveniences for businessmen due to inescapable technical problems. Some of the companies, which have local telephone stations, would not be able to call to mobile nets until the system is introduced fully in the country. The number of unsuccessful connections will grow, too.
Biznes & Baltija

Tuesday, the 27th of September, 2005

In eight years our salary to catch up European
According to the results of the research by the personnel management company Fontes, in 2005 the average salary in Latvia grew by 16%, and in some 7-8 years it could reach the European level. The highest growth was in the sector of qualified labour force, by 22%. However, even less qualified workers receive by 11% more than earlier. On the other hand, the salaries of accountants, secretaries and personnel management specialists remained the same. The salaries of managers in average grew by 12%. The best situation is in financial sphere: people working there have the highest salaries, and they grow faster than in other sectors.
Delovije Vesti

Monday, the 26th of September, 2005

Non-financial investments in Latvia grow by 7%
During the first six months of the current year, non-financial investments in Latvia amounted to EUR 966.57 million, which is by 7% more than in the same period of 2004. According to the Central Statistical Bureau, non-financial investments in public sector constituted 26% of total volume, which is by 16% less than in 2004.

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