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.
Latvian Presidency and the European Parliament on 28 May 2015 after lengthy discussions over 12,5 hours, turning to be the longest trialogue in the ECOFIN history, reached a provisional agreement on a regulation on a European fund for strategic investments (EFSI).
The European Union and Switzerland on 27 May 2015 signed an agreement on the automatic exchange of financial account information, aimed at improving international tax compliance.
On Friday, May 15, the international credit rating agency Fitch Ratings has affirmed Latvia's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'A-'. The outlook is stable.
On 12 May, Latvian Finance Minister Jānis Reirs chaired the Meeting of the Economic and Financial Affairs Council where Ministers debated macroeconomic imbalances and structural reforms, sustainability of public finances and Investment Plan for Europe.
Riga, May 7, 2015. – On May 7–8, in Riga, within the framework of the Latvian Presidency a seminar is held for the heads of customs authorities of European Union Member States on the management of the EU external border and customs tasks to ensure civil protection. Priorities of the Latvian Presidency are economically growing, modern, safe and globally strong European Union. According to Finance Minister Janis Reirs, in the implementation of these priorities customs authorities play an important role, too.
During the Latvian Presidency of the Council of the European Union the Customs 2020 High-Level Seminar on Management of the External Border of the European Union (EU) will take place on 7 – 8 May 2015 in Riga. The representatives of Customs Administrations of EU Member States, taking into account the growing role of safety in the whole Europe, will exchange views on the possibility to strengthen the control at the external borders of the EU ensuring fast border crossing for the persons at the same time.
The Latvian presidency of the Council and the European Parliament on 5 May 2015 reached a tentative agreement on a draft directive aimed at further developing an EU-wide market for electronic payments. The agreement was reached during an informal trilogue meeting in Brussels.
On 29 April the European Parliament and the Council held their second political meeting to discuss the legislative proposal on the set up of the European Fund for Strategic Investments (EFSI) that intends to bring an additional 315 billion euro in investments for jobs and growth. The discussions between the two co-legislators are taking up speed, particularly on governance, the use of the guarantee, and the advisory hub.
On Tuesday, April 28, Finance Minister Janis Reirs represented the Council of the European Union (EU) and participated in the plenary session of the European Parliament (EP) where the discharge of the EU 2013 annual budget was discussed. In his address, the minister emphasized in particular that in conditions of limited EU funds more attention should be paid to EU budget discipline and effective and efficient use of EU resources.
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