TITLE

LATVIA: RISK SUMMARY

PUB. DATE
November 2005
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Nov2005, Vol. 12 Issue 11, p11
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
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.
ACCESSION #
18561497

 

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