Latvia fears losing investors

Sep 09, 1999
By Steven C. Johnson

RIGA - As Latvian leaders worry about a growing budget deficit and the government wrestles with controversial pension reform, Estonia has given its southern neighbor yet another reason to fear for its economic well-being.A decision by the government in Tallinn to abolish corporate income tax has some in Latvia worrying that future investors in the Baltic region will automatically set up shop in the north in order to reap the benefits that come with lower costs.Doing away with the 26 percent corp ...

forgot password?