Covid-19, Crisis, Financial Services, Good for Business, Latvia, Markets and Companies
International Internet Magazine. Baltic States news & analytics
Friday, 26.04.2024, 10:20
Latvia: Support available for measures to contain Covid-19 crisis rises to EUR 4 bn
Speaking about financial resources available to the state, Reirs pointed out that cash reserves at the Treasury stood at EUR 2.6 bn, plus EUR 1.5 bn has been reserved for Latvia through various agreements with European financial institutions.
"This may not seem too much when compared to other countries, where state support is worth dozens of billions of euros. On the other hand, in relation to gross domestic product, the cash reserve is 8.7% of GDP, while in budgetary terms, the cash reserve is 26 % of the state budget. This is an impressive amount, and we are among those European Union countries that immediately put support instruments to use," Reirs emphasized.
When asked whether the state has enough funds to continue financing all the support measures currently available to residents and businesses after the extension of the state of emergency until May 12, Reirs said that that there was enough money.
"There are enough funds to be able to support the economy to overcome the crisis, as well as stimulate the economy after the crisis," the minister emphasized.
- 28.01.2022 BONO aims at a billion!
- 13.02.2021 Моя жизнь в газете. Очерки по новейшей истории Латвии. Глава 1
- 25.01.2021 Как банкиры 90-х делили «золотую милю» в Юрмале
- 30.12.2020 Накануне 25-летия Балтийский курс/The Baltic Course уходит с рынка деловых СМИ
- 30.12.2020 On the verge of its 25th anniversary, The Baltic Course leaves business media market
- 30.12.2020 Business Education Plus предлагает анонсы бизнес-обучений в январе-феврале 2021 года
- 30.12.2020 Hotels showing strong interest in providing self-isolation service
- 30.12.2020 EU to buy additional 100 mln doses of coronavirus vaccine
- 30.12.2020 ЕС закупит 100 млн. дополнительных доз вакцины Biontech и Pfizer
- 29.12.2020 В Rietumu и в этот раз создали особые праздничные открытки и календари 2021