Hotel business faces ruin with VAT hike


In another reaction to the Latvian government’s desperate plan to raise VAT in order to stabilize the economy, Santa Graikste, executive director of the Latvian Hotel and Restaurant Association, says that an increase from 5 percent to 21 percent would negatively affect the development of the sector. Foreign investors, she adds, could leave Latvia altogether.


Chas, 2008-12-11

Latest news

2008-12-12 Valmiera gets heads together to attract tourists
2008-12-12 airBaltic teams up with Emirates for Asia flights
2008-12-12 Tourists rush to book remaining rooms in Vilnius
2008-12-12 Infrastructure in place, marketing needed
2008-12-12 Vilnius hotels get 10% more tourists in first three quarters
2008-12-12 Things looking up for Palanga Airport
2008-12-12 VAT changes to bankrupt travel companies
2008-12-12 VAT to hit especially small and medium-sized hotels
2008-12-11 New tourism project underway in Livani

uz augšu   uz augšu

HoReCa nozares ziņas un raksti

Where to go in Latvia Events English Latvian Russian