Business, Latvia, Legislation, Markets and Companies

Arnolds Babris.

The leader of the group, Arena Riga and fish cannery Brivais vilnis board chairman Arnolds Babris, said that many companies' existence is threatened, which is why businessmen have to go into politics and take responsibility for the further economic development of Latvia, informs LETA.

Businessmen will make up around 80% of the new political party. The main goal of the new party will be to bring order to the national economy, said Babris, denying though that he himself would take active part in the party's work.

One of the members of the pending party, company Bostons board chairman Vilnis Silarajs, said that the party would try to achieve the same tax rates in Latvia as in Lithuania and Estonia, as well as improve border controls to prevent smuggling into Latvia. Although one of the party's long-term goals is changing the election system – as is stated in the party's name, that will have to wait until more urgent problems are solved, Silarajs told Diena.