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Ministry of Finance
of the Republic of Latvia
1 Smilsu st., Riga
LV-1919, Latvia

P.: +371-67095405
F.: +371-67095503
E-mail: pasts@fm.gov.lv
info@fm.gov.lv

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Ministry of Finance
of the Republic of Latvia
1 Smilsu st., Riga
LV-1919, Latvia

P.: +371-67095405
F.: +371-67095503
E-mail: pasts@fm.gov.lv
info@fm.gov.lv

News

On Tuesday, February 12, the government will review the report prepared by the Ministry of Finance on the fulfilment of the Financial Sector Development Plan for 2017 - 2019, as well as the changes to be introduced therein. It is important to note that, by the amendments to the Plan, it is intended to delete from the objective of the Plan the reference to Latvia as a regional financial services centre.

The Nordic and Baltic financial stability authorities have conducted a joint financial crisis management exercise. The exercise was held from 22 to 23 January 2019 and involved 31 authorities from Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden as well as relevant European Union authorities. A staff member of the International Monetary Fund observed the simulation. 

Next year in Latvia will start with the technical or temporary budget. On December 6, the Saeima (Parliament), with a convincing majority of votes, have supported the amendments to the Law on Budget and Financial Management, providing for enhancement of the principles of preparation of temporary budget. Last time the temporary budget had been prepared for 2003, when Latvia had not yet joined the European Union (EU) and the European Economic and Monetary Union, and the medium-term budget planning had not yet been introduced, either.

Industry news

On Monday, February 4, Japanese credit rating agency R&I reaffirmed its “A-” foreign currency issuer rating on the Republic of Latvia. The outlook remains stable.

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CONTACTS

Tālrunis uzziņām: 67095405

Lietvedības tālrunis: 67095578

Fakss: 67095503

E-pasts: info@fm.gov.lv

Adrese: Smilšu iela 1, Rīga, LV-1919, Latvija

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Latvijas Republikas Finanšu Ministrija