March 2005
Emerging Europe Monitor: Central Europe & Baltic States;Mar2005, Vol. 12 Issue 3, p11
Country Report
Country Report
This article focuses on the risk factors in different sectors of Latvia. Relations with Russia have become tense following remarks made by President Vaira Vike-Freiberga linking Victory Day celebrations to be held in Moscow on May 9 with the beginning of the Soviet occupation of the Baltic States. Short-term economy rating stood at 57.0 for the country. The country's business environment rating remained unchanged at 53.4. Although Latvia has implemented anti-money laundering legislation consistent with EU regulations, enforcement has hitherto been regarded as weak and the country is still perceived to be less than transparent by international monetary authorities, including the European Central Bank.


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