Latvia and the EU

Latest business news about Latvia and the European Union

• Latvia country profile

Latvian government to up stake in stricken bank Parex — 03 December 2008, 23:19 CET

The Latvian government will raise to nearly 85 percent its stake in Parex Banka, the nation's second-largest bank, Prime Minister Ivars Godmanis said on Wednesday.

Latvia restricts withdrawals from bank, government may up stake — 02 December 2008, 23:33 CET

The Latvian government may raise its stake in Parex, the nation's second-largest bank which is already being taken into state hands, a top official said on Tuesday, as authorities slapped restrictions on cash withdrawals.

Latvian economy set to shrink 5 per cent in 2009 — 27 November 2008, 18:06 CET

Latvia's recession is set to be deeper than feared in 2009, with output per cent rather than the previously-forecast 3.5-3.9 per cent, Prime Minister Ivars Godmanis warned on Thursday.

Latvia mulls asking for three-billion-euro rescue package — 26 November 2008, 18:07 CET

Latvia may ask the European Union and the International Monetary Fund (IMF) for up to three billion euros to shore up its floundering economy, the finance ministry said Wednesday.

IMF ready to help Latvia in economic crisis: IMF chief — 22 November 2008, 18:06 CET

The International Monetary Fund is "ready to rapidly assist" Latvia deal with its economic crisis, in close cooperation with the European Union, IMF chief Dominique Strauss-Kahn said Friday in a statement.

Latvia to seek EU, IMF economic crisis aid — 20 November 2008, 16:08 CET

Latvia is to launch formal talks with the EU and IMF on financial aid to cushion the Baltic nation from its deepening economic crisis.

Latvia in talks with EU over economic crisis aid — 14 November 2008, 15:44 CET

Latvia is holding talks with the European Commission on potential financial aid to cushion the Baltic nation in the face of a deepening economic crisis, Finance Minister Atis Slakteris said on Friday.

Ex-Soviet Latvia, Belarus finish mapping border — 06 November 2008, 18:28 CET

The former Soviet republics of Latvia and Belarus on Thursday completed the 13-year process of mapping out their border, which is now part of the eastern rim of the European Union.

EU sees Baltics hit hard by crisis — 03 November 2008, 18:35 CET

Estonia and Latvia will suffer extended recessions in the face of the financial crisis while other central and east European EU states will continue to grow but at slower pace, forecasts the EC.

Latvian parliament backs 50,000-euro bank deposit guarantee — 16 October 2008, 12:25 CET

Latvian lawmakers approved a more than doubling of guarantees for bank deposits in response to the global financial crisis, with a vote on Thursday.

Fitch ratings downgrades Estonia, Latvia, Lithuania — 03 October 2008, 19:13 CET

The London-based rating agency Fitch on Friday downgraded European Union members Estonia, Latvia and Lithuania and maintained a negative outlook, citing large current account deficits.

Latvian inflation dips to to 17.7 per cent: official data — 08 July 2008, 14:45 CET

Latvian 12-month inflation dipped in June to 17.7 percent on a 12-month basis after having hit a 12-year high of 17.9 percent in May, offering consumers in the Baltic state a glimmer of hope, official data showed on Tuesday.

France, Latvia conclude strategic partnership: source — 23 May 2008, 23:12 CET

France and Latvia in Riga Friday signed a "strategic partnership" during a meeting between Latvian Prime Minister Ivars Godmanis with his visiting French counterpart Francois Filon.

Lithuania, Latvia ratify EU's Lisbon treaty — 08 May 2008, 13:25 CET

The former Soviet states of Lithuania and Latvia on Thursday ratified the European Union's Lisbon Treaty, which aims to reforming decision making in the 27-nation bloc.

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

The euro is the single currency shared by 15 of the European Union's Member States - Belgium, Germany, Ireland, Spain, France, Italy, Luxembourg, the Netherlands, Austria, Portugal, Finland, Greece, Slovenia, Cyprus and Malta - which together make up the eurozone. Around 317 million EU citizens now use the euro as their currency.

Latvia country profile — 03 January 2008, 17:54 CET

Latvia is a member of the European Union

Business Directory Latvia — 04 August 2006, 16:35 CET

Business directory of Latvia with business news and economic information

Latvia Development Agency — 04 August 2006, 16:33 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.

Business Environment - Latvia — 04 August 2006, 16:32 CET

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

Business Guides Latvia (Deloitte) — 04 August 2006, 16:32 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.