On Tuesday, July 9, one of the largest international rating agencies Fitch Ratings has taken a decision to upgrade Latvia’s credit rating by one level establishing stable rating future forecast. The evaluation of our country for the long-term and short-term commitments in local and foreign currency is upgraded from “BBB” to “BBB+” with stable rating forecast in the future (Outlook Stable).
On Tuesday, July 9, at the meeting of theEconomic and Financial Affairs Council(ECOFIN) of the European Union (EU) in Brussels the final decision to support the introduction of the euro in Latvia from 1 January 2014 was officially taken. The Minister for Finance Andris Vilks expresses his gratitude to all who have made huge efforts for the introduction of the euro as well as to everyone who has supported this goal and believed in it.
On June 28 on the second day of the European Union (EU) Council meeting the leaders of block countries and governments have expressed their support for Latvia’s accession to the eurozone. The Minister for Finance welcomes the fact that the work committed up to now is again approved on the whole European level.