LV: Latvia still heads to euro adoption-FinMin.

By bne IntelliNews June 6, 2012
FinMin Andris Vilks told the press that Latvia's main economic goal is to join eurozone by 2014 and it is going to stay on this course. Previously head of the Bank of Latvia Ilmars Rimsevics argued that Latvia should continue with thoroughly complying with Maastricht criteria for eurozone accession despite the eurozone crisis in some EU countries. Rimsevics reiterated the goal of adopting euro by 2014 and noted that Latvia still has a year to monitor the development of the situation in eurozone before revising that goal. Rimsevics also confirmed his previous announcement that the central bank expects GDP growth exceeding 3% this year.

Related Articles

EE: Estonian Air records EUR 49.2mn loss in 2012.

Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more

LT: Malsena acquires Latvian flour manufacturer Rigas Dzirnavieks.

Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more

EE: Estonian Air to return excess Embraer airplanes.

Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more