On Friday, June 19, the Minister for Finance, Jānis Reirs chaired the meeting of the EU Economic and Financial Affairs Council (ECOFIN) in Brussels. During the meeting, the EU Member States expressed their views on the Banking structural reform, Capital markets union and other issues.
On 17 June 2015, the Council presidency and the European Parliament reached an agreement on a regulation to improve the transparency of securities lending and repurchase transactions.
Riga, 17 June 2015. On Thursday, 25 June under the Latvian Presidency international conference will be held in Riga bringing together nearly 140 accounting experts from EU Member States and other countries around the world. The evaluation report of the European Commission (EC) on the application of the International Accounting Standards (IAS) Regulation will be presented at the conference.
On 11-12June, during the Latvian Presidency an informal meeting of the Structural Actions Working Party took place in Riga. During the meeting, experts from Member States and representatives from the European Commission discussed the main challenges for the Cohesion Policy and shared experience of reducing regional inequality across Europe through effective implementation of EU funds.
Riga, 9 June 2015 – On 9 June, the first session of the informal meeting of Ministers responsible for Cohesion Policy, Territorial Cohesion and Urban Matters took place in Riga. During the meeting, chaired by the Latvian Finance Minister, Jānis Reirs, the EU Ministers discussed how to use financial instruments more actively in the new EU funds programming period and how to strengthen good governance so that the resources invested from EU funds would be of the greatest possible benefit to the economic development of the Member States.
On 9 June, Latvian Finance Minister Jānis Reirs will lead the most important cohesion policy event during the Latvian Presidency – the informal meeting of Ministers responsible for Cohesion Policy. During the meeting, the Ministers will discuss the reformed cohesion policy issues related to more intensive use of financial instruments and the strengthening of administrative capacity. These are a couple of the most essential preconditions to succeed in the new EU funds programming period 2014-2020.
On 1-3 June, under the Latvian Presidency, an away day for the Committee of the European Social Fund (ESF) organised by the European Commission (EC) took place in Riga. At the meeting, state administration bodies from the EU Member States together with social partners discussed topical issues related to ESF implementation in each Member State.
EFSI: Last minor details agreed 31/01/2018
Today`s political trilogue on the EFSI regulation was productive and it was the last one. During the meeting, the last minor political issues were resolved on the proposed regulation on the European Fund for Strategic Investment (EFSI).
On 4-5 June under the Latvian Presidency the meeting of the Council’s Working Party on the Customs Union will take place in Riga. Participants of the meeting will discuss topical issues of the customs policy and possibilities to facilitate further cooperation with the Eastern neighbouring countries of the European Union.
On May 29, 2015, Standard & Poor’s Ratings Services affirmed its 'A-' long and short-term foreign and local currency sovereign credit ratings on Latvia. The outlook is stable.
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