Reval Hotels
Pietari Express
 Observer Latvija SIA

WEEK 6.2005

Friday, the 11th of February, 2005

Want to clear billions market
The Prevention of Legalization of Illegally Received Finances Service wishes to receive information on the suspicious deals also from the real estate companies. In their turn, real estates enterprises ask the state to restrict measures against ‘amateurs’ within this sphere. According to specialists, the year’s turnover of the real estate market is approximately EUR 3 billion.
Dienas Bizness

Thursday, the 10th of February, 2005

Rules of the game change
The head of Latvian Investments and Development Agency, Andris Ozols, said that in total 158 projects for receiving the finances from the EU structural funds were submitted to the institution. However, 33 projects were declined, as they were not in line with all the requirements. Ozols noted that the authors usually have mistakes in the most important part of the projects, the financial one. The representative of the Ministry of Economy, Raimonds Aleksejenko, said that a part of problems considering the projects evaluation criteria would be solved in the near future. Besides, the ministry of Economy presented the changes in rules, according to which the entrepreneurs could receive money from the EU funds.
Kommersant Baltic Daily

Wednesday, the 9th of February, 2005

Prices grow
According to the data of Central Statistical Bureau, in January 2005 in comparison with the same month of the previous year consumer prices in Latvia increased by 6.6%. It happened mostly due to the rise of food products, petrol and medicine prices. During the month the consumer prices increased by 0.5%. Vegetables, fruit, milk and milk products are the products, which became much more expensive in comparison with others. It is expected that this year Latvia will remain the inflation leader among the Baltic States.
Dienas Bizness

Tuesday, the 8th of February 2005

Forecast deficit
Lithuanian oil processing company Mazeikiu Nafta stopped oil processing. Some Latvian petrol traders forecast that it could create deficit in the market and influence the growth in prices. However, they do not consider the situation tragic. They hope that soon Mazeikiu Nafta will renew its work, as this is the most convenient way of petrol supply for the Latvian market. On the other hand, the logistics director of Latvija Statoil, Eriks Ulmanis, said that Mazeikiu Nafta is not the only petrol supplier for Latvia, which is why there should be no problems.
Dienas Bizness

Monday, the 7th of February 2005

All Baltic energy
Estonian PM, Juhan Part, said that Eesti Energia and Latvenergo could be united for the successful competition in opening markets conditions. The head of the Estonian company, Gunnar Okk, agrees with this opinion. Latvian PM, Aigars Kalvitis, noted that first of all the legal barriers should be removed. Therefore, until summer Latvian Parliament will make amendments to the law on energy, which does not let creating joint enterprises at present.
Kommersant Baltic Daily

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