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Economics

Last update 07.05.2020

In recent years, the Latvian economy has developed in a balanced way. Strict fiscal discipline has paid off. However, the current crisis caused by Covid-19 has also shaken our country's economy, so the Latvian government has already approved several significant support measures for Latvian companies and employees, as well as for other groups in society, in order to reduce the negative impact of the state of emergency on the economy. To achieve this, additional funding was provided and has been immediately and purposefully invested in overcoming the crisis, in order to provide a solid basis for further economic development.

Source reference

Finanšu ministrija