Reval Hotels
Pietari Express
 Observer Latvija SIA

WEEK 8.2005

Friday, the 25th of February, 2005

Business to have losses
In the near future smoking in public places will be strictly limited. At least half of all the premises should be provided for non-smokers. Besides, it will be forbidden to smoke in hospitals, public transport stops, public events etc. New stricter rules will come in effect from July 1, 2005. The most problematic will be to ban smoking in cafes and restaurants as these measures can promote losses for the owners at present smokers’ places usually are full. Installing ventilation equipment in non-smokers’ areas will also require additional finances. Businessmen believe that it will be a serious threat for their business.
Dienas Bizness

Thursday, the 24th of February, 2005

Slesers takes up arms against fuel traders
Latvian Minister of Transport, Ainars Slesers, asked the Competition Council to examine the correspondence of the increase in fuel prices in Latvia to the global market tendencies. He also asked to examine the possibility for fuel traders to reach an agreement in prices sector. Slesers thinks that fuel prices in Latvia are increased without dependence on situation in the global oil products market. It could promote the growth of services prices and have negative influence on Latvian economy.
Kommersant Baltic Daily

Wednesday, the 23rd of February, 2005

Builders receive indulgence
Latvian Parliament accepted the new rule for conducting construction works. If someone submits to the State Construction Inspection a request to stop building an object, the works will not be stopped until this institution makes its decision. However, if the application is submitted to the court, the construction works will be stopped. These amendments are accepted due to the complaints of businessmen, who have losses when building is stopped.
Kommersant Baltic Daily

Tuesday, the 22nd of February 2005

Gas wants more
In a year Latvijas Gaze plans to increase gas realization tariffs by 20.3%. The first wave of price increase could be on May 1, 2005. It is necessary because the suppliers of gas, Itera Latvija and the Russian company Gazprom, increased their delivery tariffs. The most essential growth in gas price is expected in January 2006, by 13.7%-20.3%.
Dienas Bizness

Monday, the 21st of February 2005

Export is ahead
In 2004 the value of Latvian exported goods increased by 28.1%, and of imported goods by 25.2%. The difference between export and import decreased from 88.1% to 77.1%. Economists evaluate this fact positively, calling it ‘a small victory’. Timber and wood products still occupy the most important place in Latvian export structure, constituting 30.5%. The second place belongs to metals, 14.2%, and textile, 10.8%. Latvian export to EU-countries decreased by 2.4%, but to CIS countries increased.
Kommersant Baltic Daily

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