Latvian bath manufacturer PAA has finished its production plant modernization project in Kekava. As a result the company managed to create an innovative new material – Silk Stone.
With luck further abandoning Liepājas metalurgs (LM), the state will most likely have to turn down its plans to start reducing the personal income tax (PIT) next year. This is said by experts of the International Monetary Fund (IMF).
Prohibition of aggressive advertisements is the only issue the involved sides had been able to agree upon. Responsible officials and representatives of the non-banking creditors are unable to agree on other important questions.
Provisional data of the Central Statistical Bureau shows that in March 2013, compared to February of this year, exports value of goods at current prices increased by 5.3%, but imports value of goods – grew by 14.0%. In March, foreign trade balance slightly worsened as exports in total foreign trade value dropped to 43.6% (in February of this year – 45.5%).
Prices for most goods – 90.42% of cases – have remained the same this April, in comparison to March. Price increase, on the other hand, was noted in 4.45% of cases. Price reduction was noted in 5.12% of cases, according to the latest price monitoring data of the Economy Ministry.
In comparison with the Q1 of 2012, manufacturing turnover in the Q1 of 2013 increased by 4.7% (according to calendar adjusted data at current prices), of which by 3.8% in domestic market and by 5.7% in export.
On Tuesday, May 7, representatives of the World Bank criticized Riga and Ventspils ports in their assessment of the Latvian port sector's competitiveness and management.