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Latvia's unpredictability scares off investors

Feb 03, 2010
By Kira Savchenko

RIGA - Latvia’s shaky economy, its unpredictable tax policy and swollen bureaucracy has made it unattractive for foreign investors. A possible tax increase, likely to be introduced after national elections in October, may scare away the rest of interested enterprises. After the maligned Latvia’s 2010 budget adoption process, the international community drew a sigh of relief and temporarily stopped worrying about Latvia. The last report from the European Commission said Latvia ...

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