Crisis, Economics, EU – Baltic States, Financial Services

International Internet Magazine. Baltic States news & analytics Wednesday, 20.06.2018, 22:10

Finance minister visits London to share Latvia's experience of overcoming the crisis

Nina Kolyako, BC, Riga, 07.09.2012.Print version
Finance Minister Andris Vilks and Finance Ministry's Parliamentary Secretary Karina Korna on Thursday visited London to meet with Lord Mayor of the City of London David Wootton and discuss Latvia's experience of overcoming the economic crisis, the situation in the euro area, as well as opportunities for deepening Latvian-British relations.

The meeting was held at the initiative of the City of London, the Finance Ministry informed LETA.


In Vilks' opinion, it was a high-level meeting of great importance to Latvia. "I had a chance to present our country's achievements in overcoming the consequences of the economic crisis at one of the world's key financial centers, as well as to emphasize our geopolitical and national advantages so Latvia could attract more foreign investment," said Vilks.


The British officials participating in the meeting inquired about Latvia's experience and reforms carried out in order to exit the economic crisis. Vilks informed about Latvia's achievements, key macroeconomic indexes, as well as other factors that contributed to the economic recovery of Latvia. Cooperation between Latvia and Great Britain on various European Union-related matters was also discussed at the meeting, as well as the situation in the eurozone and Latvia's move to the euro.


The officials also talked about the economic cooperation between Latvia and Great Britain, with Vilks emphasizing Latvia's attractiveness to foreign investment, as well as about Latvia's preparations for the European Union's presidency in the first half of 2015.

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