August 2009
Emerging Europe Monitor: Central Europe & Baltic States;Aug2009, Vol. 16 Issue 8, p11
Country Report
The article presents the political and economic risk and business development in Latvia. Health Minister Ivars Eglitis resigns on June 17, 2009 after approving an array of spending cuts in government finances. Statistics reports that consumer price inflation decreases to 4.7% in May from 6.2% in April. Latvian banks reveal cummulative losses of LVL146million due to the ongoing deterioration of quality in banking sector and deep recession.


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