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Pietari Express
 Observer Latvija SIA

WEEK 14.2006

Friday, the 7th of April, 2006

Communication with SRS moves to the Internet
The State Revenue Service is constantly working on improving the tax-payment procedure and making it more convenient. It has introduced the electronic declaration of taxes, and 71 of the 117 declarations of SRS can now be sent in electronic form. However, the main documents concerning the yearly declaration of the main taxes, still have to be filled out in paper. In order to use the electronic declaration, the taxpayer has to apply for it in his local SRS department, where he receives user name and password. He can use them to access the SRS electronic declaration site where he can fill out the documents. The general director of SRS Dzintars Jakans believes this will make the work of both SRS and taxpayers considerably easier.
Biznes & Baltija

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.

Tuesday, the 4th of April, 2006

Government distributed 4 billion euros
The Latvian government decided about the distribution of finances from the EU structural funds in 2007-2013. During this period Latvia could receive from the EU some EUR 4 billion. The Ministry of Finance wishes to increase the number of projects in environmental protection sphere, but to reduce them in transport sector. Another priority is the improvement of public services infrastructure: energy, electronic connections, water supply, passengers railway transportations and heat supply. 38.37% of the possible EU finances will be directed to this spheres, 32.54% to the development and effective use of human resources and 29.09% to the increase in Latvia’s competitiveness in economics sphere.
Biznes & Baltija

Monday, the 3rd of April, 2006

Businessmen become more active
Latvian businessmen became very active in the first quarter of the current year: in March-April 2006, 3,353 new companies were registered. It is the highest index during last 11 years. Moreover, 4,863 new commercial pledges were registered, which is a record during the last eights years of the existence of Commercial Pledges Register.
Biznes & Baltija

Debt is estimated in billions
The volume of Latvia’s external debt in the end of 2005 constituted EUR 12.8 billion, according to the Bank of Latvia. The long-term external debt was EUR 840 million, which is by EUR 16.28 million more compared to the third quarter of 2005.The total external debt of the banks amounted to EUR 8.7 billion. The external debt in other sectors reached EUR 2.2 billion.

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