Latvia

Gross external debt declined to 129.8% of GDP in Q108 from 134.2% at end-2007 according to Bank of Latvia data. The decrease in the debt ratio reflected a 4% q-o-q reduction in banking... 2008-06-26

Latvia's gaping current account deficit is expected to decline as domestic demand slows and production is re-directed to foreign markets. However, we believe that there is a risk... 2008-06-26

The Latvian government held an emergency session on June 12 to discuss the budget which is heading towards deficit as tax revenues fall short of the government's optimistic targets.... 2008-06-25

The current account deficit declined by almost 14% to US$0.52bn in March, according to preliminary monthly data from the Bank of Latvia . The improvement reflected a narrowing of... 2008-06-02

Latvian economic growth has slowed sharply in response to a tightening of credit conditions, a correction in the real estate market and rising inflation. Prospects for a rebalancing... 2008-06-02

The Latvian Central Election Committee has stated that over 149,064 of the required signatures have been collected in support of a bill which will raise the state pension. The Latvian... 2008-05-28

A signature gathering campaign aimed at changing the constitution to give the public the right to dissolve parliament through referenda appears to have secured sufficient support... 2008-05-01

The government is beginning to look at ways of softening the impact of the impending economic downturn. But a premature easing of policy would hinder rather than help the correction... 2008-04-08

The economy grew by less in Q407 than previously thought. The national statistical agency has revised Q4 real GDP growth down to 8.0% y-o-y from 9.6%, resulting in full year growth... 2008-04-08

The four-party centre-right government remains divided over a deal backed by transport minister Ainars Slesers (People's Party) to allow TeliaSonera to take control of a local mobile-phone... 2008-04-08