American chemical Company will create in Latvia more than hundreds of jobs
almost the world's largest chemical enterprises Cabot Corporation (USA) will open in Riga the European regional business centre, informs portal Delfi. It will unite the administrative functions of twenty located in the EU plants, branches and representative offices of the organization.
As have informed today Authorised the Latvian Agency of investments and development, it is expected that as a result of the opening of the business center will create 120 new jobs. According to plans, the center will be opened by 1 August of the current year.
We emphasize that the Firm Cabot produces chemicals of special range of products and chemical materials. Its turnover in 2013 amounted to 3, 5 billion US dollars.
We would add that in assessing the pace of recent government reforms, the Council of foreign investors in Latvia has come to the conclusion that last year the rate of expansion slowed, informs Agency LETA.
in circulation investors on the macroeconomic and fiscal policy, it is reported that Latvia has managed to cross the significant macroeconomic problems, but to move forward, we must continue to work and not to rely on non-permanent impact of the reforms achieved in the years of the fall.
in addition, the economy of Latvia is already beginning to face negative influence of the Ukrainian fall.
feedback from investors, government priorities must be the fight against the shadow economy and structural unemployment, Growth of export, development areas, reforms in such areas As the courts, taxes, public procurement, and others.
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