Analytics, Budget, Economics, Financial Services, Latvia, Legislation

Latvian Employers' Confederation experts have established that the main state development criteria, for example – employment figures and health care spending as a share of Latvia's gross domestic product (GDP) – have different interpretations in separate plans. They should be interrelated, emphasized Mengelsone.

Today, Latvian Employers' Confederation President Vitalijs Gavrilovs, Latvian Free Trade Unions' Association Chairman Peteris Krigers and Latvian Local Governments' Association Chairman Andris Jaunsleinis signed a request for the government and Saeima, emphasizing that, to achieve the goals of Latvia's economic growth, the main indicators are: GDP per capita, investments in research and development, employment, higher education, health care and the Global Competitiveness Index, writes LETA.

The social partners believe that, to achieve economic breakthrough, it is necessary to improve Latvia's business environment, boosting the country's rating to 18th place among 183 countries. In the Global Competitiveness Index, where Latvia is currently ranked 64th, the country should be among the top 40.

Latvia's credit rating should be improved by 2015 – from "B" to "A", among the best in the Baltic States.