November 2005
Emerging Europe Monitor: Central Europe & Baltic States;Nov2005, Vol. 12 Issue 11, p11
Country Report
Country Report
The article focuses on the political, economic and business risks of Latvia. The cabinet of ministers approved the 2006 draft budget in late September. The consolidated budget deficit is targeted at 1.5% of GDP and is based on GDP growth and inflation parameters of 7.5% and 4.5% respectively. According to the latest quarterly data, Latvia's current account deficit narrowed to 10.8% of GDP in H105 compared to 14.5% in the corresponding period of 2004, as exports increased almost twice as fast as imports. According to a survey by the Central Statistical Bureau, the net turnover of Latvian enterprises increased by 27% year-on-year in H105, with businesses engaged in domestic trade, manufacturing, and transport and communications posting the largest gains.


Related Articles

  • RISK SUMMARY: LATVIA.  // Emerging Europe Monitor: Central Europe & Baltic States;Feb2006, Vol. 13 Issue 2, p11 

    The article focuses on the political and economic risks in Latvia as of February 2006. Defense minister Einars Repse has resigned following an investigation of his overseas financial activities. The account deficit of the country increased to 11.3% of its gross domestic product in the first nine...

  • RISK SUMMARY: LATVIA.  // Emerging Europe Monitor: Central Europe & Baltic States;Dec2008, Vol. 15 Issue 12, p11 

    This section offers news briefs concerning business, political and economic conditions in Latvia. Budget deficit for 2009 is 1.9 percent of gross domestic product (GDP). The Latvian Finance Ministry will borrow 500 million euros from the European Investment Bank (EIB). A joint Business...

  • DATA & FORECASTS.  // Emerging Europe Monitor: Central Europe & Baltic States;Nov2005, Vol. 12 Issue 11, p11 

    The article presents information and data on the economic conditions of Latvia. The general government budget deficit was planned at 1.7% of GDP this year, but the outcome is likely to be closer to 1% due to revenue overperformance and insufficient administrative capacity to fully execute a...

  • Background Note: Latvia.  // Background Notes on Countries of the World: Republic of Latvia;Nov2009, p1 

    The article presents information on the Republic of Latvia. It mentions some of the major sectors of the nation's economy including retail and wholesale trade, which make up 17.3% of gross domestic product (GDP) in 2008, and construction, which makes up 8.9% of GDP in the same year. Latvians are...

  • PROFILE.  // Background Notes on Countries of the World: Republic of Latvia;2/ 8/2011, p2 

    The article provides data concerning the Republic of Latvia. They include information on the country's geography, land use, climate, population, ethnic groups, religions, education, health, and state language. Data about politics and government, political parties, economy, major economic sectors...

  • RISK SUMMARY: LATVIA.  // Emerging Europe Monitor: Central Europe & Baltic States;Apr2005, Vol. 12 Issue 4, p11 

    The article provides information about economic, political and business development news related to Latvia. Parliament in March re-elected Prosecutor General Janis Maizitis for another five-year term. His re-appointment has been welcomed in most quarters because of his willingness to pursue...

  • IHS Global Insight Report: Latvia (Country Intelligence).  // Latvia Country Monitor;Dec2009, p1 

    The article presents IHS Global Insight Inc.'s forecasts for the economic and political developments in Latvia, as well as its business environment. The country's economy, currency, foreign relations and domestic development are outlined. The IHS forecasts that Latvia's economy will experience a...

  • LATVIA.  // Emerging Europe Monitor: Russia, Ukraine & Baltics;Mar2004, Vol. 8 Issue 3, p7 

    This article presents statistical information on economic and political conditions of Latvia. Having been unable to establish a new majority administration following the withdrawal from the government of a junior coalition member, Prime Minister Einars Repse has announced the resignation of the...

  • RISK SUMMARY: LATVIA.  // Emerging Europe Monitor: Central Europe & Baltic States;Nov2007, Vol. 14 Issue 11, p11 

    The article discusses political and economic issues in Latvia. In September 2007, Prime Minister Aigars Kalvitis suspended the head of the anti-corruption bureau on grounds of alleged financial violations. According to preliminary data from the Bank of Latvia, the current account deficit...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics