Latvia

Repse hands in resignation to go into politics

LATVIA - The president of the Bank of Latvia, Einars Repse, handed in a resignation to the Latvian Parliament Speaker Janis Straume 30 November, so that he could draw attention to forming his new would-be political party already named Jaunais Laiks, or…

Father of Latvian currency to resign

LATVIA - The father of Latvia's national currency will resign as head of the central bank on 30 November, but analysts and officials expect him to leave a legacy of stability and a well-run Bank of Latvia.

Latvian central banker Repse cleared of corruption

LATVIA - While finding no anti-corruption violations in actions by Bank of Latvia president in announcing one-time collection of donations as royalties he would receive for heading a new right-wing party, the Prosecutor General's Office though warned him…

Risk deals unrestricted in Latvia

LATVIA - The Latvian Finance and Capital Market Commission on 28 September lifted previous restrictions on Latvian bank's risk deals with residents of Estonia and Lithuania, reported the commission.

Latvia's central bank governor to resign

LATVIA - Einars Repse, the popular president of the Latvian central bank, said yesterday, Thursday 6 Sep, he intended to step down in order to lead a new political party, following accusations from the ruling party of a conflict of interest.

Latvian central bank tells govt to cut deficit

LATVIA - The Latvian central bank said on Apr 11 that the government should use an expected economic expansion to cut the 2001 budget deficit, instead of amending its spending plans which will increase the gap between revenue and expenditure.

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