Latvia’s budget deficit may reach 2.6% of GDP, says head of Fiscal Discipline Council
The deficit of Latvia’s state budget may reach 2.6% of GDP, said the chairperson of the Fiscal Discipline Council Inna Šteinbuka in an…
Category: Business
Continued lawsuit with banker Guselnikov costs Latvia 4.5 million euros
The international lawsuit between the Latvian state and Russian banker Grigoriy Guselnikov is in its final stage, and Latvia has no plans to…
Unemployment level in Latvia “within the norm” but still higher than EU’s average
In August 2023 the unemployment level in Latvia was 6.6%, which is higher than the average unemployment level in the European Parliament and…
Latvian government conceptually agrees on 50% discount for mortgage loan interest rates
On Tuesday, the 3rd of October, Saeima’s Budget and Finance Committee conceptually agreed on a 50% discount for mortgage loan interest rates for…
Estonian residents are travelling more and more
According to Statistics Estonia’s Tourism Survey, Estonian residents made more trips in the first half of 2023 than in the same period of…
Bank lobby says Budget Committee chairman’s words destroy Latvia’s reputation
The public statements from Latvian Saeima Budget and Finance Committee chairman Jānis Reirs ruin the reputation of Latvia’s financial system and the state…
Latvian PM wants to support more households with mortgage loans
Support to compensate the rapid growth of mortgage loan payments should be provided to all households, said Latvian Prime Minister Evika Siliņa in…
Saeima committee for budget supports protection measures for mortgage loan recipients
On Wednesday, the 4th of October, the Saeima Budget and Finance Committee supported amendments for the protection of mortgage loan takers in the…
Lending activity in Latvia has shrunk more than three times, Bank of Latvia reports
Lending activity relative to the size of the economy in Latvia has gone down more than three times after the global financial crisis,…
