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WEEK 3.2006

Friday, the 20th of January, 2006

Latvia keeps the highest inflation in the EU
The EU statistical bureau Eurostat shows that in December 2005, Latvia still had the highest inflation in the EU, 7.1 per cent, although it is slowing down. Latvia has had the highest inflation in the EU since August 2004. The overall EU inflation in December 2005 was 2.1 per cent, a decrease from 2.2 per cent in November.

Thursday, the 19th of January, 2006

Continue run to Ireland
The Strategic Analysis Committee of Latvia’s President conducted a research on the flow of labour force from Latvia. The Committee stated that not only the Latvian government, but also employers who behaved dishonestly are responsible for this. Officially at least 50,000 persons left Latvia, but the real number could be by 30% higher. People mostly go to the UK, Germany and Ireland, where at least 20,000 Latvians work now.
Dienas Bizness

Daugavpils makes records in industry
After the crisis of 1990-ies Daugavpils begins reviving as Latvian large industrial centre. In 2005 industrial production output in this city constituted EUR 156.42 million, while in 2005 this index was only EUR 7.42 million. Companies with foreign capital, for example, Zieglera Masinbuve, are developing more successfully. There is much progress in food production sector, as well as in construction sector. The unemployment level is decreasing little by little.
Biznes & Baltija

Wednesday, the 18th of January, 2006

Small ones can receive credits
Small Latvian companies where less than 10 person work and which are oriented towards the production of innovative products, have a chance to receive credits for the further development. Thanks to the EU, these firms can take up to EUR 50 thousand for a term up to 10 years. Hipoteku Banka will distribute this money; in total it has to distribute EUR 8 million.
Biznes & Baltija

Monday, the 16th of January, 2006

Businessmen are full of optimism
According to the research conducted by the union of European commerce and industry chambers, Eurochambers, Latvian businessmen feel optimistic about 2006. 80.3% of the respondents believe that the business environment in Latvia is more favourable than ever. They believe that their companies will be able to increase the turnover and succeed in foreign trade. Entrepreneurs also plan to increase the investments into development. On the other hand, many Latvian companies have difficulties with finding appropriate personnel
Biznes & Baltija

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