On Thursday, 14 October, the Minister of Finance Jānis Reirs delivered the budget portfolio to the Saeima in order to traditionally submit the draft law on the state budget prepared by the government…
From Monday, 11 October, an emergency situation is declared in Latvia for three months in order to stop the rapid spread of Covid-19 infection, not to overburden health care system and save as many…
Today the Saeima (the Parliament) adopted the new Law on Latvijas Banka in its third, final reading. The Law provides for the integration of Latvijas Banka and the Financial and Capital Market (FCMC)…
On Friday, September 3, 2021, the international credit rating agency Fitch Ratings (Fitch) affirmed Latvia's credit rating at "A-" level with a stable outlook. Fitch highlights the credible policy…
Today, on August 24, the government supported the draft financing agreement for the Recovery Fund between the European Commission (EC) and Latvia, authorizing the Minister for Finance Jānis Reirs to…
Following the approval of the Latvian Recovery Fund plan by the Economic and Financial Affairs Council of the European Union on 13 July, line ministries have begun active preparations in cooperation…
On Tuesday, July 13, the Economic and Financial Affairs Council (ECOFIN) approved the Latvian Recovery Plan, with investments of EUR 1.82 billion. The funding agreement is scheduled to be concluded…
With parliament’s adoption today of a covered bond law, Latvia has taken a major step forward in the development of its capital market. The European Bank for Reconstruction and Development (EBRD)…
Latvia recently submitted to the European Commission (EC) a Recovery and Resilience Facility Plan costing 1.82 billion euros, which will be financed by the European Union (EU) through funding the EC…
On Friday, May 14, 2021, the international credit rating agency Moody’s affirmed Latvia's credit rating at A3 level with stable outlook. Moody’s underpins the credit rating affirmation at high A3…
