Economics

International Internet Magazine. Baltic States news & analytics Sunday, 29.03.2020, 09:04

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Bank of Latvia expects Latvia's GDP to drop 6.5% this year

Bank of Latvia expects Latvia's GDP to drop 6.5% this year

26.03.2020

The Bank of Latvia expects Latvia's gross domestic product to drop 6.5% this year, while average annual inflation is estimated at 0.5%, the central bank told LETA.

Keyword tags: Analytics, Banks, Crisis, Economics, Financial Services, GDP, Markets and Companies



List of coronavirus-hit businesses in Lithuania includes 32,000 enterprises

List of coronavirus-hit businesses in Lithuania includes 32,000 enterprises

20.03.2020

Lithuania's State Tax Inspectorate has published a list of 32,000 businesses directly affected by the coronavirus crisis, informed LETA/BNS.

Government support aimed at mitigating economic impact of Covid-19 pandemic exceeds EUR 2 bn

Government support aimed at mitigating economic impact of Covid-19 pandemic exceeds EUR 2 bn

19.03.2020

Latvia's government support aimed at mitigating the economic impact from the Covid-19 pandemic has exceeded EUR 2 bn, Finance Minister Janis Reirs (New Unity) told journalists Thursday, writes LETA.


Leaders shut Europe's borders to fight outbreak

Leaders shut Europe's borders to fight outbreak

18.03.2020

The European Union will impose an entry ban on travelers from outside the bloc for 30 days to battle the spread of the coronavirus, European leaders decided on Tuesday, reported LETA/AFP.

Lithuanian government's business support plan: 10 key measures

Lithuanian government's business support plan: 10 key measures

16.03.2020

The Lithuanian government endorsed on Monday an unprecedented 5-billion-euro economic stimulus package to help mitigate the negative impact of the coronavirus-sparked crisis on workers and businesses, informed LETA/BNS.


13.03.2020

Impact of coronavirus on Latvian economy will most likely be a short-term one - Bank of Latvia president

The impact of the Covid-19 coronavirus on the economy is a short-term issue, said Martins Kazaks, president of the Bank of Latvia, after a meeting with the prime minister and industry ministers on Friday, writes LETA/BNS.

13.03.2020

Latvia: Nemiro stripped of security clearance

Economics Minister Ralfs Nemiro's (KPV LV) security clearance allowing to access state secrets has been revoked, and KPV LV party will nominate a new candidate for economics minister next week, informed LETA.

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