International Internet Magazine. Baltic States news & analytics
Sunday, 23.10.2016, 04:18
Several years ago "economics guru" could argue that economic growth is hindered by "expensive money". Nowadays, with historically low interest rates and Latvian commercial banks literally rolling in money (having 3 billion euro on corresponding accounts with Latvijas Banka), the economic growth is indeed weak. Despite the fact that politicians have been mentioning the word "reforms" for years and the need to address bottlenecks in crucial sectors is obvious to everyone, little is being done in reality, and the majority of true reforms die out because of red tape.
Keyword tags: Analytics, Banks, Budget, Education and Science, Financial Services, Latvia, Medicine, Statistics
In August 2016, Latvia’s current account had a surplus of EUR 0.03 bln, which was the second smallest surplus among EU member states, reporting their current account data, the EU’s statistics office Eurostat informed.
inance Minister Dana Reizniece-Ozola (Greens/Farmers) today handed Saeima speaker Inara Murniece (National Alliance) a suitcase with the blueprint of Latvia's 2017 budget inside.
The head of the Latvian Health and Social Care Workers' Trade Union (LVSADA) Valdis Keris does not exclude the possibility of more protests when the parliament reviews next year’s budget, reports LETA.
A flash estimate published by the Bank of Estonia on Friday shows the current account of Estonia as having had a surplus of 98 mln euros in August 2016, bigger than in any other month so far this year, reports LETA/BNS.
Next year, Latvia's budget revenues are projected at EUR 8.066 bln, while expenditures are expected to reach EUR 8.367 bln, the Finance Ministry informed LETA.