Organisations: Covid-19 consequences and geopolitical situation require immediate decisions

The Council for Cooperation of Agricultural Organisations (LOSP) and Latvian Employers’ Confederation (LDDK) invite Latvia’s highest ranking politicians to agree on the country’s long-term, medium-term and short-term goals based on the development of the national economy, the council reports.
LOSP and LDDK have sent an open letter to Latvia’s top officials, inviting them to take immediate action and review existing regulations and perform careful evaluation of projects with the socioeconomic aspect in mind.
“Covid-19 pandemic and its consequences, as well as the geopolitical situation require immediate solutions. Economic sustainability and residents’ welfare are decisive for the future and security of this country,” the letter mentions.
Both organisations believe it is important to review commitments, especially in the field of climate, which Latvia has undertaken, and admit on a government level that they are impossible to complete. “It is necessary to performs a socioeconomic assessment to understand what the realistic truly are in order to prevent the situation in state economy and residents’ welfare level from worsening.”
“We cannot allow a situation when the country takes on commitments that have to be completed by both state institutions and every single resident, as the consequences will be put on the shoulders of all Latvian residents and the state budget, knowing all well that these commitments will never be completed. The situation needs to be fixed now to prevent risks for multiple sectors that make up the country’s national economy and every single Latvian resident,” the two organisations say.
LOSP and LDDK invite officials to make decisions based on socioeconomic estimates while also considering their possible influence on the national economy as a whole and residents’ welfare.
LOSP and LDDK believe that decision-making in Latvia should be based on data analysis. They have to be socially and economically justified. Additionally, they have to be focused on development and sustainability.
Also read: Latvia’s economy is behind other Baltic States. Why is that?
Follow us on Facebook and X!