Stock Market / Finance in Latvia
-
LATVIA, 2014/03/10
Latvia's consumer prices inflation accelerated modestly in February, figures from the Central Statistical Bureau showed Monday.
The consumer prices index rose 0.5 % annually, following 0.4 % gain in the previous month. Prices climbed for the second straight month, next falling in each of the previous two months.
Higher prices in hotels and restaurants, recreation and culture, furnishings and food were the major reasons behind the mild increase in inflation in February.
-
LATVIA, 2014/01/01
Latvia will join the Eurozone as the single currency bloc's eighteenth member on January 1, 2014, next additional than five years since the former Soviet national plunged into an acute financial crisis in the wake of the collapse of the country's once thriving easy credit market.
For the Eurozone, the expansion of the bloc is a fitting reply to those who predicted the death of the currency during the peak of the deficit crisis. However, the reaction the euro is set to receive in Latvia is far from positive, with nearly half of the locals still against joining the crisis-hit union.
Reports suggest that the initial response to the changeover is rather lukewarm as the public seemed to be either indifferent or against the membership. Polls indicate that nearly 50 % of the people opposed the move.
-
LATVIA, 2013/01/09
On 5 December 2012, Latvia successfully priced long 7-year bonds in an amount of 1.25 billion US dollars with a coupon of 2.750 % (yield rate of 2.889 %) which is the lowest interest rate since Latvia prime issued bonds in the international financial markets.
Latvian Finance Minister Andris Vilks said he was pleased with the results of the transaction and the high interest from investors: "Recent upgrades of Latvia`s credit rating have given us the opportunity to make pre financing and to utilise the current low interest rate environment, thus having a positive effect on Latvia's deficit servicing costs in the medium term."
