Latvia

Bank of Latvia - Annual Report 2005

According to the Bank of Latvia's Annual Report 2005, Latvia remained the EU Member State reporting the highest GDP growth in 2005, which was supported by domestic demand and rapidly expanding exports.

Comment: Flawed convergence criteria?

Willem Buiter and Anne Sibert, two London-based academics, have slammed the Maastricht criteria for entry into the eurozone. They point to a number of inconsistencies in way the conditions are applied and suggest that the current formulation "makes no…

Euro 'War of the words' continues

Latvia has poured oil on the fire in the standoff over the Eurozone common currency spelling (EURO) and supported Malta for sticking to its principles in wanting to use the spelling which is correct according to its national language.

Rimsevics on Latvia's strategy for euro transition

In a speech on 'The Latvian strategy for the euro transition' given on 25 October, Ilmars Rimsevics of the Bank of Latvia said since Latvia's accession to the European Union one of the main tasks shared by the Bank of Latvia and other state institutions…

Ex Latvian central bank chief shocks with pay rise

ARTICLE - The ex governor of the central bank of Latvia, Einars Repse, now Prime Minister of the eastern European nation, has announced that all ministers are to have their salaries tripled. The move, needed to say, faced little opposition from the…

Latvia: New Era party announces coalition deal

LATVIA - Latvia's election-leading New Era party, headed by former central bank chief Einars Repse, said Monday that it has negotiated a four-party center-right coalition deal to lead the country into the European Union and implement Western-style…

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