Yesterday, farmers and government representatives opened a vegetable bed at the building of the Cabinet of Ministers, which symbolises the solidarity between townspeople and farmers. The activity has been named “Country Enters the City”. Instead of the traditional greenery with flowers at the Cabinet of Ministers, which is the central location in both a symbolic and literary sense, this year the bed will be filled with decorative vegetables.
Over the past two years, Latvia has succeeded in stabilizing it's economy. In 2011, foreign investment tendencies returned to solid growth, positively affecting Latvian GDP growth for two years in a row. These tendencies will continue to grow in the foreseeable future. Positive ratios reduce uncertainty and give entrepreneurs a stable basis for planning and price determination. This has successfully created an open and attractive business environment for local and foreign businesses.
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Author: Investment and Development Agency of Latvia
On May 17 Latvia’s Parliament adopted the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union in the first reading thereby initiating the ratification process.
On Thursday, May 17, at the Saeima sitting, Prime Minister of Latvia Valdis Dombrovskis emphasized that the implemented fiscal discipline and promotion of economic competitiveness has yielded results – Latvia has regained confidence of the international financial markets and investors. The future priorities are economic development, investments and export.
On Saturday, May 12, in Tallinn (the capital city of Estonia), during the panel discussion of the Lennart Meri Conference devoted to the future of the Eurozone, Prime Minister Valdis Dombrovskis emphasized that in order to successfully overcome the crisis in some Eurozone countries, they need a clear crisis exit strategy
On Monday, May 7, in Stockholm (Sweden), Prime Valdis Dombrovskis delivered a speech about Latvia's experience of introducing the fiscal discipline. He stressed that the Standard & Poor's decision to raise the credit rating of Latvia to the investment grade is indicative of positive economic development trends in Latvia.
Over the past two years, Latvia has succeeded in stabilizing it's economy. In 2011, foreign investment tendencies returned to solid growth, positively affecting Latvian GDP growth for two years in a row. These tendencies will continue to grow in the foreseeable future. Positive ratios reduce uncertainty and give entrepreneurs a stable basis for planning and price determination. This has successfully created an open and attractive business environment for local and foreign businesses.
