Reval Hotels
Pietari Express
 Observer Latvija SIA

WEEK 45.2005

Friday, the 11th of November, 2005

Look for financing
Privatization Certificates Information Board is in financial crisis. This is why it plans to get the necessary finances by increasing the payments for opening privatization certificates accounts. Otherwise the next year its financial deficit could reach EUR 54 thousand. However, this step will not have much effect as the Latvian Ministry of Economy wants to receive the most part of money got as a result of price increase.
Dienas Bizness

Thursday, the 10th of November, 2005

Will feel euro’s fall in Latvia
Euro’s cost against dollar came close to its minimum during the last two years. Analysts forecast that the euro’s fall will continue. However, after some time the European currency again will begin to grow. In Latvia the decrease of euro’s value could promote the rise in energy resources prices and stimulate the increase of the inflation level.
Dienas Bizness

Wednesday, the 9th of November, 2005

Inflation without limits
In October 2005 the inflation was 7.6%, which is the highest index since September 2004. Economists believe that the prices will continue to rise, and the introduction of euro in 2008 is impossible. According to the Central Statistical Bureau data, the increased prices for heating and gas were the main factors, which influenced the level of inflation. Specialists forecast that in November this index will be even higher, and it could reduce only in the second half of 2006.
Deloviye Vesti

Monday, the 7th of November, 2005

People are concerned about introducing euro
The inhabitants of Latvia are not too optimistic about the introduction of euro. The latest opinion polls showed that 64 per cent of Latvians do not want to change their national currency. The EU is planning to launch the information campaign in order to improve the public perception of euro. It is also possible that Latvia will not be ready to introduce euro in 2008 due to the high inflation level.


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