Latvian businesses face 'crisis'

  • 2008-09-10
  • In cooperation with BNS
RIGA - The head of the Latvian Employers' Confederation has saidthat businessmen in the country are faced with a "crisis situation."

Employers' Confederation of Latvia President Vitalijs Gavrilovs told reporters after a meeting with Prime MinisterIvars Godmanis that the government needed to amend its taxation policies tokeep the situation from getting any worse.

"Efficient state administration is needed. Nothing has beendone for 17 years… we are looking for compromises on how not to deteriorate thesituation with [frugal] decisions," Gavrilovs said.

"Businessmen now are facing a tough situation. I believe weare in crisis… If the government attempts to lay obstacles, it will becomeworse," he said.

Gavrilovs said that the government's decision tofreeze wages in the public sector will not help the country solve its economicproblems.