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WEEK 13.2006

Friday, the 31st of March, 2006

To Moldova for technologies and consultations
On April 2, the visit of the President of Latvia Vaira Vike-Freiberga to Moldova will begin. A group of businessmen and representatives of Latvian Investment and Development Agency and Trade and Industry Chamber will accompany the President. Most businessmen are from IT sector, construction sphere, retail trade and consulting sectors. They will visit Ungheni free economic zone and take part in the eonomic forum in Chisinau.

Thursday, the 30th of March, 2006

Accession into the EU is blessing
According to the regular research of the investment climate conducted by the British company Economist Intelligence Unit, Latvia is 34th most attractive country for foreign investments. Estonia is on 20th position, and Lithuania on 35th. Experts noted that the accession into the EU was a great stimulus for the economic reforms in the Baltic region, however, now reforms initiative is weakening. The research examined business and investments climate in 82 countries of the world

Wednesday, the 29th of March, 2006

IT sphere: to the top
In the sphere of IT development Latvia was placed on 51st place in the list of 115 countries, according to the annual edition ‘General IT Report 2005-2006’ by the World Economic Forum. In the previous report Latvia was on 56th place among 104 countries. The USA, Singapore and Denmark occupy the first three places in this ‘IT Top’. Estonia is on 23rd place which is the best index in the Central and Eastern Europe.
Biznes & Baltija

Tuesday, the 28th of March, 2006

It is profitable to teach employees
Latvian companies now have a chance to solve the problem with lack of personnel at least partially. The Latvian Investments and Development Agency opened a programme ‘Support in Improving Professional Skills, Re-qualification and Further Education of Employed People’. In total EUR 1.4 million both from the Latvian budget and the EU structural funds are available for this purpose. Latvian businessmen could prepare their projects and apply for the finances until the end of 2006. The first two applications have already been received. The employees could be sent to different courses in the framework of this programme, however, receiving the second high education will not be compensated from this money.
Biznes & Baltija

Monday, the 27th of March, 2006

Non-financial investments grow
In 2005 the volume of non-financial investments in Latvia reached EUR 1.27 billion which is by 14% more than in 2004. According to the Central Statistical Bureau, 33% of this sum was invested into the public sector, an increase by 6% compared to the previous year. 67% were invested into the private sector, an increase by 18%.

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