Taxes to rise for Latvia, Lithuania

Sep 02, 2010
From wire reports

RIGA - Estonia is the only Baltic country where the government can promise residents that the tax burden will not increase; the governments of Latvia and Lithuania can make any promises they want, but it is clear that the tax burden in these two countries will increase in the coming years, Nordea bank chief economist Andris Strazds said during a video press conference on Aug. 30, reports Nozare.lv. Strazds stressed that neither Latvia nor Lithuania are able to sustain their large budget defic ...

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