Dissolution of parliament in Latvia

Transcription

Now I am going to dig out my riches... The monetary unit of Latvia is LATS There are 100 SANTIMS in one Lat Lat is one of the most valuable world currency. In order to attain one Lat 1,4 Euro, 2 USA Dollars or 50 Russia Rubles are necessary. There is no oil, no gold, no diamond diggings. The main natural resource is woodland, that occupy a half of Latvia territory. The transportation, logistics and other services bring the largest income to Latvia. By railway and by pipelines, the cargos flood in uninterrupted streams to the harbors from Russia and Belarus. The prerogative of Latvia is its geographical location in-between Russia and Western Europe. As well as non-freezing harbours in the Baltic Sea – Ventspils and Liepaja. The government priority is export encourage. For the export to increase successfully, the competitive products are necessary. They are potential to be produced when the scientists cooperate with the businessmen, as well as raising the productivity of labour. Although since 2008 the dimension of export has got closer to the import amount anyway Latvia in 2010 has been exporting for 30% less than importing. Thus there are stacks of work. Latvia exports 70% of the produced to European Union, but the rest to the former CIS and other states. Latvia gross domestic product per 1 inhabitant in 2010 has moved down to 10’400 dollars. Among 182 world countries Latvia holds the 56th place – therefore considerably above the run. Anyway, in European scale, Latvia is one of the poorest countries and it is outpaced by the nearest neighbours – Estonia and Lithuania. Latvia has also more suffered than the neighbouring countries form the world crisis. The world financial crisis of 2008 – 2010 coincided with local immovable property market crisis when apartments sales and rent costs sharply decreased. If 1 m2 of the living flat in the centre of Riga in 2007 cost 2000 EUR, then in 2010 only 1000 EUR. It is generally known that exactly immovable property development is one of the main propelling force of the economical structure. Due to the frustration of this market , also the other fields suffered much and the total enterprises turnover declined for one fifth. The average earnings diminished substantially and many enterprises terminated their employees in large quantities. Unfortunately, Latvia was not fortunate even more. The state was compelled to overmaster itself one of the largest local funds bank, Prex Bank otherwise it would simply bankrupt. Because of all these circumstances Latvia government borrowed several billions of lats from International Monetary Fund. Unfortunately, these credits should be repaid together with all the interest. Therefore, Latvia government has enlarged in 2011 the total taxes burden for the inhabitants and the businessmen. The experts do not exclude the taxes burden increase also in the future. The total taxes burden in Latvia is over 30% that is a low indicator in comparison with other EU member states. In 2010, the average labour earnings after tax is less than 500 EUR. Anyway, in all the Baltic States there is a large proportion of shady economy approximately 30% of gross domestic product. Thus the actual inhabitants income is at least three times more. In 2011, there is high unemployment in Latvia – 15%, 10% at an average in Europe. For young people it is easier to find the job in summer. Then there is more potential to work at building, at agriculture and in tourism. The good news is that the economical structure is starting to recover in 2011 and the experts forecast slow but stable growth in the nearest years. Since 2004 Latvia is a member state of European Union. Participation in this union gives several preferentials for Latvia inhabitants and businessmen: he goods, services and the finance can be freely moved in-between EU states there is no import duty and burdensome formalities. The choice of goods and the services is raising, that on their part rise the quality and diminishes the prices. The European Union holdings funds are available. There is the opportunity to receive co-financing for the projects in different spheres: business activities, culture, science, education. There is the opportunity also for the youth to fulfil their ideas within the area of special youth programmes. In order to find the most suitable programme for one’s idea, seek for the home page: www.es.gov.lv For Latvia inhabitants there is the opportunity to acquire considerable European Union funds there are 500 billion lats remaining in 2011, that can be used by us. Also nongovernmental organisations and private enterprises can participate in the projects of European Union funds. It is easy to establish one’s enterprise or nongovernmental organisation in Latvia. It is feasible to do within 3-5 working days. The smallest permissible share capital at the enterprise is only 1 Lat. In order to establish organisation, only two members are necessary. One can find more information at the following address as well as the forms and the document patterns: www.ur.gov.lv There are several brands recognizable also abroad, for example: Riga sprats Riga black balsam chocolate “Laima” sweet curd „Karums“ Latvijas finieris (plywood) Latvia State Woods Grindex with its most recognizable medicine for heart „Mildronat“ Valmiera glass fibre underwear “Lauma” avio company “AirBaltic” The following are the new brands that have developed within the last 10 years. social net “Draugiem.lv” coffee chain „Double Coffee“ eco cosmetics “Madara” fast food restaurants net „Lido“ „Stender soap factory“, that has wide franchise net in the world.