Health

Medicines production and sales account for 55% of the industry (249 companies with aggregate turnover of EUR 1.202 billion), healthcare – 34% (388 companies, EUR 750.780 million), trade in medical equipment and supplies – 12% (142 companies, EUR 243.559 million);
Latvian pharmaceutical companies export 90% of ...

Lithuanian tax system is not changing

The Lithuanian tax system is basically made up of direct and indirect taxes, and they have basically not changed in the past years. Lithuania’s main tax types are personal income tax, corporate tax, value ...

Business, scientific and technical services, education

The number of students in higher education in Latvia continues to decrease, therefore the state is planning different scenarios to stimulate the education sector, for example, to more actively attract a number of foreign students ...

Tourism and related sectors thriving

In 2011, the number of foreign tourists visiting Latvia increased by 21% when compared to 2010. Furthermore, there was also a 14% increase in the amount of money tourists spent in Latvia. In 2014, Riga will also become Europe’s ...

Healthcare towards insurance-based medicine

Latvian healthcare system is slowly recovering from the crisis, and 2011 and 2012 were the years when health-care funding system changed profoundly as new ways were being sought to transform the budget-funded medicine system into a system ...