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This publication tracks the method wherein the overseas funding Advisory provider (FIAS) of the realm financial institution staff suggested the govt. of Latvia from 1998 to 2004 on how you can enhance the company setting, in attaining greater premiums of financial progress, and thereby alleviate poverty.
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Extra resources for Improving the Business Environment in Latvia: The Impact of FIAS Assistance (Fias Occasional Papers)
FIAS contributed to prioritizing the introduction of incoming-traffic border controls. In 2000, one-way border checks were instituted at all road crossings on the Estonia–Latvia border, on the Lithuania–Latvia border at Grenct¯ale, and at all pedestrian border-crossing points. • Recommendation: Accelerate the introduction of a customs declaration processing system. A simplified declaration system was introduced incrementally in 2000. • The SRS issued orders on procedures for issuing electronic declaration permits and procedures for document preparation.
Well it’s definitely a great improvement. Five years and actually 10 years ago, foreign investors would have a very difficult time in areas such as tax compliance, understanding the environment. ” (J. C. Cole, real estate developer and former chair, American Chamber of Commerce in Latvia; interviews conducted in Latvia for FIAS video, Riga, Latvia, September 2004) FIAS recommendations for reforms in the area of government inspections, customs, and tax administration have yielded tangible benefits to businesses in the form of lower costs.
5 –5 0 worsened 5 10 15 improved Sources: ARCS 2003. Note: Survey respondents were asked whether the quality of work by various agencies had improved or worsened from 2001 to 2003. The customs problems that FIAS identified and detailed in the implementation project found their way into activities funded under the Modernization Project, where they received higher priority, and they were further incorporated into the customs service strategic business plan for subsequent years. The activities the government undertook in response to the FIAS project findings and recommendations resulted in the following improvements: Speedier adoption of the missing Cabinet of Ministers’ implementing regulations during 1999 and 2000.