On Tuesday, May 24, the Minister for Finance Dana Reizniece-Ozola and the Cyprus Minister for Finance Charis Georgiades signed the Convention between the Government of the Republic of Latvia and the Government of Cyprus for the Avoidance of Double Taxation and Prevention of Fiscal Evasion with Respect to Taxes on Income. This will promote the commercial activity, attraction of foreign investments, as well as facilitate the activities of investors in Latvia and Cyprus.
On Tuesday, May 10, Latvia issued so far its longest maturity - 20-year - bonds in amount of EUR 650 million at the lowest borrowing rate among CEE countries for similar long-term transactions, with an annual fixed interest (coupon) rate 1,375% (yield 1,514%) and which was priced at the same coupon level as Latvia’s 10-year bond issued in September 2015. Demand for Latvia’s bonds exceeded 3 times the offer.
On Thursday, April 21, in the Ministry of Finance (MoF) already the eighth annual meeting of the Latvian-Swiss Cooperation Programme was held. At the meeting the representatives of the MoF and project implementers discussed the progress of implementation of the Swiss cooperation programme with the representatives of the Swiss Agency for Development and Cooperation, Swiss State Secretariat for Economic Affairs and Embassy of the Swiss Confederation in Latvia.