September 2009
Emerging Europe Monitor: Central Europe & Baltic States;Sep2009, Vol. 16 Issue 9, p11
Country Report
The article reports on the political and economic risks of Latvia. The government continues to be troubled by an emergency acquisition of the ailing Parex Bank. The finance ministry announced an investigation for allegations of bumper salaries for employees and special lay-off compensation packages of the bank. Meanwhile, the industrial output continues to plunge, suggesting the economic downturn may have not yet found bottom.


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