Latvia will donate 165,600 doses of the Astra Zeneca Covid-19 vaccine to five countries, Georgia, Moldova, Montenegro, Kenya and Albania, Latvian Foreign Minister Edgars Rinkevics (New Unity) has stated, quoting a decision of the government. “We can win the fight against this pandemic together and in full solidarity with each other,” the minister announced on…
Employers in Latvia will have the right to end working relationship with employees without the digital Covid-19 certificate until September 15, the Latvian government has decided and agreed on a list of sectors, where vaccination against the deadly disease will be mandatory. On July 6, the Latvian government agreed on principles that would be set…
In Latvia, the government coalition has expressed support to holding lotteries of money prizes to people vaccinated against Covid-19 with the aim of motivating people to vaccinate. Health Minister Daniels Pavluts (For Development/For) announced the idea on July 5. “Lotteries or social motivation programs with the elements of a game and positive motivation are carried…
At the end of May, the nominal value of Latvian state debt was EUR 13.4 billion, up by EUR 909 million or by 7.3% from the end of 2020, according to information from the Ministry of Finance. The ministry explained that the increase of the state debt was dictated by the issue of ten-year euro…
Latvian ministries have submitted financing requests worth EUR 1.68 billion from the next year’s state budget, as reported by Ministry of Finance. The Ministry of Finance has compiled the financing requests submitted by ministries and state institutions for priorities. In total, ministries have submitted financing requests worth EUR 1.68 billion for the 2022 state budget.…
Banks in Latvia have implemented numerous changes to improve their internal control systems, as reported by the Finance and Capital Market Commission (FKTK). In 2020, FKTK performed 12 inspections in the field of money laundering and terrorism financing prevention. While in previous years most inspections concluded with administrative cases and penalties, in 2020 FKTK had…
European Bank for Reconstruction and Development (EBRD) has maintained Latvia’s GDP outlook for 2021 unchanged. The country’s economic growth is expected to be the most rapid among the Baltic States. The bank’s latest outlook estimates Latvia’s economic growth to reach 3.5% this year. Commenting on this year’s outlook, EBRD notes that the slow speed of…