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Commission Report (2002): Latvia
Latvia has made progress in the privatisation of the remaining large
enterprises in the shipping and energy sector (Latvian Gas, Latvian shipping
company LASCO), leaving only a few large enterprises to be privatised. This
process will be more difficult. As required by the Action Plan, some progress
on finalising the land and property register was made through completion of
land properties in the Cadastral Register, but legal registration in the Land
Book needs to be enhanced. The Computerised National Land Book should
contribute to improving the functioning of the land market. Further progress
is needed to promote competitiveness, notably through measures aimed at
stimulating domestic and inward investment in growth-generating activities,
as the National Innovation Programme and a related Action Plan are still
pending. The entry into force of the Commercial Code and the newly
established utility regulator is considered as a step to improve business
environment, but the National Programme for SME development is still to be
adopted. While the legislative framework has been largely put in place,
particular attention must be paid to further remove the remaining regulatory
and administrative constraints. Overall, the Accession Partnership priorities
in the area of the economic criteria have been largely met.
© European Commission
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