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WEEK 4.2006

Friday, the 27th of January, 2006

The Common Baltic Nuclear power plant does not exist even on paper
In January 26, the attempt to sign a memorandum among Latvia, Lithuania and Estonia on support of construction of a new nuclear power plant in Lithuania failed. The Baltic states planned to build the new nuclear power plant in order to reduce energy dependency on Russia. The document determined equal financial support for the project from all three Baltic States – EUR 1 billion of each country. Minister of Economics of Latvia Krisjanis Karins was not authorized to sign such memorandum, but the Minister of Economics of Estonia Edgar Savisaar did not participate in the workshop.
Biznes & Baltija

Thursday, the 26th of January, 2006

Current struck
Starting from March 1, 2006, the electricity supplier Latvenergo will increase its tariffs. It means that the bills for electricity of all the consumers will grow by 6.6% in average, but some companies will experience 8.5% increase. As a result, some power-consuming industrial enterprises will have to increase prices for their products, too.
Biznes & Baltija

Wednesday, the 25th of January, 2006

It will be easier to live for small firms
The Latvian Government approved the amendments to the law ‘On Book-keeping’. According to them, starting from January 1, 2007, only individual businessmen and companies with incomes exceeding LVL 200,000 should use the double-entry book-keeping, but others will be able to simplify this procedure. The Ministry of Finance believe that it will promote the development of small business. On the other hand, the companies could refuse from book-keeping firms services and make mistakes in their records organizing the book-keeping themselves.
Biznes & Baltija

Tuesday, the 24th of January, 2006

Businessmen to pay twice
Latvian Performers and Producers Union plans to collect payments from the owners of shops, restaurants, nightclubs, sport centres etc. for the music played in these public places. Businessmen are shocked because they already pay for it to the Latvian Copyright Protection Agency AKKA/LAA, which protects the interests of the authors. The sum demanded by Latvian Performers and Producers Union is not big, but entrepreneurs still wonder why they have to pay twice for the same thing.
Biznes & Baltija

Monday, the 23rd of January, 2006

Producer prices increase
In 2005 industrial producer prices in Latvia grew by 7.8% in comparison with the previous year. Transport construction companies increased their prices most of all, by 27.2% in average. Different kinds of equipment, mechanisms and machine-tools became by 17.1% more expensive. In December 2005 producer prices grew by 7.0%. It means that producers are able to compensate inflation, according to experts.
Biznes & Baltija

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