Latvia and the EU

Latest business news about Latvia and the European Union.

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Latvia holds position as EU growth leader: data — 07 December 2012, 13:32 CET

Latvia remains top of the European Union growth table after rebounding from the world's deepest recession, data in the Baltic state showed on Friday.

Latvia warned not to make poor pay price of austerity — 26 November 2012, 17:50 CET

International watchdogs on Monday hailed the economic reforms Latvia enacted during a deep recession, but urged it to ensure that the poorest do not bear the brunt of austerity.

Latvia draws red line on EU budget — 20 November 2012, 17:07 CET

Latvia said Tuesday that it cannot back plans for the European Union budget in their current form, ahead of what are expected to be gruelling talks on the 27-nation bloc's spending plans.

Gas giant Turkmenistan scouts Latvia for EU trade — 11 September 2012, 13:59 CET

The president of gas-rich Turkmenistan on Tuesday said his ex-Soviet state was eying the ports of European Union member Latvia as part of a new export corridor for its huge natural energy resources.

Latvian finance minister calls for Greek euro exit — 27 July 2012, 12:39 CET

Greece should leave the eurozone "as soon as possible" to avoid further damaging the currency bloc which Latvia hopes to join by 2014, Latvian Finance Minister Andris Vilks said Friday.

Estonia's petrol smuggling crackdown slashes border traffic — 21 July 2012, 11:15 CET

An Estonian crackdown on petrol smuggling from Russia has dramatically cut down on traffic jams at the Baltic state's border crossings, its revenue service said Friday.

Latvia: country overview — 25 June 2012, 12:25 CET

Latvia's economy experienced GDP growth of more than 10% per year during 2006-07 but entered a severe recession in 2008 as a result of an unsustainable current account deficit and large debt exposure amid the softening world economy.

Latvia ratifies EU fiscal discipline pact — 31 May 2012, 16:51 CET

Latvia became the latest European Union member to approve the bloc's fiscal pact, a raft of measures designed to tighten fiscal discipline seen as key to shoring up the debt-laden eurozone.

Doing business in Latvia: Sustainability — 25 April 2012, 22:22 CET

Many companies in Latvia have incorporated corporate social responsibility (CSR) into their practice and voluntarily contribute to social development and environmental protection.

Doing business in Latvia: Environmental rules — 24 April 2012, 14:00 CET

The guide summarizes the Latvian laws on environmental protection and how businesses should take these into consideration.

Doing business in Latvia: Staff welfare — 24 April 2012, 12:33 CET

The guide summarizes the main legislation that sets out employment and social rules in Latvia.

EU seeks to reverse E. Europe brain drain — 30 March 2012, 14:17 CET

EU regional policy commissioner Johannes Hahn said Friday that the bloc should come up with a way of reversing a brain drain in eastern Europe.

EU okays Latvian state aid for exporting firms — 10 June 2010, 23:33 CET

The European Commission has authorised, under EU State aid rules, a measure adopted by Latvia to limit the adverse impact of the current financial crisis on exporting firms.

Representation of the European Commission in Latvia — 18 November 2009, 22:30 CET

Contacts of the European Commission representation in Latvia.

Latvia Investment Climate 2009 — 18 November 2009, 22:30 CET

The Latvian government actively encourages foreign direct investment, and works with investors to improve the country's business climate. In keeping with European Union and World Trade Organization requirements, there is no screening of foreign investment. The government continually strives to bring Latvian economic institutions, laws and regulations into conformity with EU directives.

Starting a business in Latvia — 25 June 2012, 13:11 CET

An overview of the process of starting a new business in Latvia.

Access to finance — 26 June 2012, 12:43 CET

During economic growth in Latvia the most popular method of financing was bank loans. After Latvia joined the European Union businesses actively applied for EU funding. The Ministry of Economics is in charge of defining and coordinating government assistance policy for businesses.

Commission recommends 2012 for correction of Latvia's excessive deficit - briefing — 02 July 2009, 12:15 CET

The European Commission on 2 July concluded that Latvia is running an excessive deficit under Article 104.7 of the EU Treaty and has proposed a deadline for its correction.

Latvia and the euro — 04 February 2008, 00:00 CET

Latvia joined the European Union in 2004 and is currently preparing to adopt the euro.

Latvia country profile — 25 June 2012, 12:47 CET

Latvia regained independence from the Soviet Union in 1991. The country became a member of the European Union on 1 May 2004.

Business Directory Latvia — 04 August 2006, 17:35 CET

Business directory of Latvia with business news and economic information

Latvia Development Agency — 04 August 2006, 17:33 CET

The objective of the Latvian Investment and Development Agency (LIDA) is to promote business development by facilitating more foreign investment, in parallel increasing the competitiveness of Latvian entrepreneurs in both domestic and foreign markets.

Taxation and Investment in Latvia 2011 (Deloitte) — 25 June 2012, 12:42 CET

Country Business guide from Deloitte featuring information on the Investment Climate, Labour Relations and Work Force, Business Regulations, Foreign Investment, Choice of Business Entity and Corporate Taxation in Latvia.

Business Environment - Latvia — 04 August 2006, 17:32 CET

Snapshot of the business environment for the Latvian economy, from the World Bank