On Wednesday, September 16, Latvia issued 10-year bonds in amount of 500 million euros at an annual fixed interest (coupon) rate 1.375% (yield 1.449%). The demand for Latvia’s bonds exceeds 1.6 times the offer. Finance Minister Jānis Reirs is satisfied with the successful issue of bonds on international financial markets.
On Friday, July 17, in an extraordinary meeting having evaluated the structural reforms implemented by the Greek government ministers agreed that Latvian Finance Minister Jānis Reirs could start negotiations between the European Commission and Greece to begin preparation of the international loan programme. The international loan will be granted to Greece through the European Stability Mechanism (ESM) borrowing necessary resources on external markets.
On Sunday, July 12, leaders of the Eurozone in an extraordinary meeting agreed on a new potential international loan programme for Greece supported by the European Stability Mechanism through borrowings on external markets. If by the end of July 15 the Greek government implements all necessary reforms, Member States of the Eurozone (national governments or parliaments) will consider the possibility to launch negotiations with Greece about drafting a Memorandum of Understanding.
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.
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