News
IMF Improves Latvia’s GDP Forecast
Industry Continued to Grow Rapidly, a Slower Rate Expected in the Next Months
An Annual Retail Turnover Increase for the First Time since 2008
Rapid Contraction of Wage-Productivity Gap Allows Industrial Growth
Latvia's Outlook Raised to `Stable' by Fitch on Budget, Improving Economy
Government Takes Action to Attract Large Foreign Investments
Action Plan of Combating Shadow Economy Approved
Retail Turnover Indicators Stabilize as the Future Evaluation of Households Improve
Bank of Latvia Lowers Deflation Forecast for 2010
Current Account Positive, Overall Balance of Exports and Imports Posts a Small Surplus
Riga welcomes 80 Latvia's Honorary Consuls from 49 countries
Money in Circulation Stabilized, Drop in Lending Abating
Shadow Economy Reduction Plan Offers to Facilitate Formal Economy
Beneficial Development Requires Purposeful Cooperation
Foreign Investors Council in Latvia adopts the statement of Good Corporate Citizenship
The meeting of the high level officials and the Foreign Investors' Council in Latvia
The World Bank Suggests Measures for Further Fiscal Consolidation
Moody’s has Raised Latvia’s Ratings Outlook
Moody’s Considers Latvian Economy Stabilising
Association of Latvian Commercial Banks Forecasts 3,2% Growth in 2011
Parex Index: the Mood of Entrepreneurs is Becoming More Stable
Latvia – Leader of Baltics on the EU Fund Acquisition
Latvia to Become Main Transit State for Shipping NATO Non-military Cargos to Afghanistan
Action Plan of Combating Shadow Economy Approved
Riga, 10 August 2010. By the Latvian Institute.
On August 10, the government approved the Action Plan of Combating Shadow Economy which is prepared by the Finance Ministry and based on suggestions developed by line ministries and the non-governmental sector in order to fight against shadow economy and to improve fair competition.
The aim of the plan is to make functioning within shadow economy as unfavourable as possible and existence within legal economy – as beneficial as possible, to facilitate transition to legal economy, and to improve communication between public administration and society.
The working group included following action groups in the plan: facilitation of legal entrepreneurship, support for businesses affected by crisis, one-off possibility to legalise undeclared income, strengthening of controlling institutions’ analytical skills, effective sanctions, fairer tax policy, more comprehensive communication, and greater openness.
Upcoming Events
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29