The Ministers for Finance of the Baltic States have joined in a shared invitation for the European Commission to preserve financially strong European Union (EU) Cohesion Policy, and to make it strategic and results-oriented.
On Thursday, February 22, the credit rating agency S&P Global affirmed its 'A-' long-term foreign and local currency sovereign credit ratings on the Republic of Latvia. The outlook remain positive.
Recent developments as regards the situation with ABLV Bank differ considerably, as compared to 2008, given the stability of the financial sector and high financial performance indicators. The Ministry of Finance (MoF), the regulator of the financial sector - the Financial and Capital Market Commission (FCMC) and the European Central Bank (ECB), in collaboration with the Bank of Latvia, are professionally working in the 24/7 mode to control the situation, fully respecting the interests of the population and entrepreneurs.