Presentation by Vice-President of the European Commission and member of the Commission responsible for Economic and Monetary Affairs and the Euro Olli Rehn at the Euro Conference Latvia.
Riga, September 12, 2013.
Recent trends in the global ecenomy and the near term outlookLatvijas Banka
Pasaules ekonomikas un lielāko pasaules valstu ekonomiku attīstības prognozes, balstoties uz jaunāko Starptautiskā Valūtas fonda veikto analīzi. Prezentācijā apskatīti aktuālie ekonomikas jautājumi un nozīmīgākie attīstību kavējošie riski.
Presentation by Leszek Balcerowicz, Warsaw School of Economics at the Conference "Have We Learnt Anything from the Crisis?" in Riga, Latvia. 17.10.2014
Lekcija: Pasaules tautsaimniecības izaicinājumi un perspektīvas Latvijas Banka
Pasaules ekonomikas un lielāko pasaules valstu ekonomiku attīstības prognozes, balstoties uz jaunāko Starptautiskā Valūtas fonda veikto analīzi. Aktuālie jautājumi un būtiskākie riski ekonomikas attīstībai. Ieteikumi politikas veidotājiem. Diskusija ar studentu jautājumiem un lektora atbildēm.
Lekcija: Pasaules tautsaimniecības izaicinājumi un perspektīvasLatvijas Banka
Prezentācija "Pasaules tautsaimniecības izaicinājumi un perspektīvas" izmantota Latvijas Bankas vieslekcijā Rēzeknes Tehnoloģiju akadēmijā 2016. gada 17. februārī.
Aplūkotās tēmas:
• Pasaules tautsaimniecības attīstības tendences un tuvākās nākotnes perspektīvas;
• Pasaules ekonomikas un lielāko pasaules valstu ekonomiku attīstības prognozes;
• Būtiskākie ekonomikas attīstības riski;
• Aktuālie jautājumi un ieteikumi politikas veidotājiem.
Lekcija "Pasaules tautsaimniecības attīstības tendences un tuvākās nākotnes p...Latvijas Banka
Pasaules ekonomikas un lielāko pasaules valstu ekonomiku attīstības prognozes, balstoties uz jaunāko Starptautiskā Valūtas fonda veikto analīzi. Aktuālie jautājumi un būtiskākie riski ekonomikas attīstībai. Ieteikumi politikas veidotājiem.
Prezentācija izmantota lekcijā Daugavpils Universitātē 2014. gada 13. novembrī.
Recent trends in the global ecenomy and the near term outlookLatvijas Banka
Pasaules ekonomikas un lielāko pasaules valstu ekonomiku attīstības prognozes, balstoties uz jaunāko Starptautiskā Valūtas fonda veikto analīzi. Prezentācijā apskatīti aktuālie ekonomikas jautājumi un nozīmīgākie attīstību kavējošie riski.
Presentation by Leszek Balcerowicz, Warsaw School of Economics at the Conference "Have We Learnt Anything from the Crisis?" in Riga, Latvia. 17.10.2014
Lekcija: Pasaules tautsaimniecības izaicinājumi un perspektīvas Latvijas Banka
Pasaules ekonomikas un lielāko pasaules valstu ekonomiku attīstības prognozes, balstoties uz jaunāko Starptautiskā Valūtas fonda veikto analīzi. Aktuālie jautājumi un būtiskākie riski ekonomikas attīstībai. Ieteikumi politikas veidotājiem. Diskusija ar studentu jautājumiem un lektora atbildēm.
Lekcija: Pasaules tautsaimniecības izaicinājumi un perspektīvasLatvijas Banka
Prezentācija "Pasaules tautsaimniecības izaicinājumi un perspektīvas" izmantota Latvijas Bankas vieslekcijā Rēzeknes Tehnoloģiju akadēmijā 2016. gada 17. februārī.
Aplūkotās tēmas:
• Pasaules tautsaimniecības attīstības tendences un tuvākās nākotnes perspektīvas;
• Pasaules ekonomikas un lielāko pasaules valstu ekonomiku attīstības prognozes;
• Būtiskākie ekonomikas attīstības riski;
• Aktuālie jautājumi un ieteikumi politikas veidotājiem.
Lekcija "Pasaules tautsaimniecības attīstības tendences un tuvākās nākotnes p...Latvijas Banka
Pasaules ekonomikas un lielāko pasaules valstu ekonomiku attīstības prognozes, balstoties uz jaunāko Starptautiskā Valūtas fonda veikto analīzi. Aktuālie jautājumi un būtiskākie riski ekonomikas attīstībai. Ieteikumi politikas veidotājiem.
Prezentācija izmantota lekcijā Daugavpils Universitātē 2014. gada 13. novembrī.
Lekcija: Eirozonas ekonomika un monetārā politika (ENG)Latvijas Banka
Prezentācijā apskatītas šādas tēmas:
Eirozonas ekonomikas aktualitātes.
Eiro zonas monetārās politikas galvenais mērķis – cenu stabilitāte.
Cenu stabilitāte un inflācija.
Monetārās politikas transmisijas mehānisms un Eiropas Centrālās bankas ietekme uz makroekonomiskajiem rādītājiem.
Monetārās politikas praktiskā īstenošana eiro zonā: monetārās politikas īstenošanas pamatprincipi, instrumenti.
Lekcija "Pasaules tautsaimniecības attīstības tendences un tuvākās nākotnes p...Latvijas Banka
Pasaules ekonomikas un lielāko pasaules valstu ekonomiku attīstības prognozes, balstoties uz jaunāko Starptautiskā Valūtas fonda veikto analīzi. Aktuālie jautājumi un būtiskākie riski ekonomikas attīstībai. Ieteikumi politikas veidotājiem.
Prezentācija izmantota lekcijā Ventspils augstskolā 2014. gada 4. novembrī.
Ireland’s EU-IMF Program: A Safe Harbor in a Perfect StormLatvijas Banka
Presentation by Craig Beaumont, Assistant Director of the European Department, International Monetary Fund at the Conference "Have We Learnt Anything from the Crisis?" in Riga, Latvia. 17.10.2014
Lekcija: Pasaules tautsaimniecības izaicinājumi un perspektīvasLatvijas Banka
Prezentācija "Pasaules tautsaimniecības izaicinājumi un perspektīvas" izmantota Latvijas Bankas vieslekcijā Latvijas Universitātē 2016. gada 8. martā.
Aplūkotās tēmas:
• Pasaules tautsaimniecības attīstības tendences un tuvākās nākotnes perspektīvas;
• Pasaules ekonomikas un lielāko pasaules valstu ekonomiku attīstības prognozes;
• Būtiskākie ekonomikas attīstības riski;
• Aktuālie jautājumi un ieteikumi politikas veidotājiem.
Recent trends in the global ecenomy and the near term outlookLatvijas Banka
Pasaules ekonomikas un lielāko pasaules valstu ekonomiku attīstības prognozes, balstoties uz jaunāko Starptautiskā Valūtas fonda veikto analīzi. Prezentācijā apskatīti aktuālie ekonomikas jautājumi un nozīmīgākie attīstību kavējošie riski.
Prezentācija izmantota lekcijā Latvijas Universitātē 2016. gada 1. martā
Lekcija: Eirozonas ekonomika un monetārā politika (ENG)Latvijas Banka
Prezentācijā apskatītas šādas tēmas:
Eirozonas ekonomikas aktualitātes.
Eiro zonas monetārās politikas galvenais mērķis – cenu stabilitāte.
Cenu stabilitāte un inflācija.
Monetārās politikas transmisijas mehānisms un Eiropas Centrālās bankas ietekme uz makroekonomiskajiem rādītājiem.
Monetārās politikas praktiskā īstenošana eiro zonā: monetārās politikas īstenošanas pamatprincipi, instrumenti.
Lekcija: Pasaules tautsaimniecības izaicinājumi un perspektīvasLatvijas Banka
Prezentācija izmantota lekcijā Biznesa augstskola Turība 2016. gada 20. oktobrī.
Pasaules ekonomikas un lielāko pasaules valstu ekonomiku attīstības prognozes, balstoties uz jaunāko Starptautiskā Valūtas fonda veikto analīzi. Prezentācijā apskatīti aktuālie ekonomikas jautājumi un nozīmīgākie attīstību kavējošie riski.
Lekcija: Eirozonas ekonomika un monetārā politikaLatvijas Banka
Prezentācija (angļu valodā) izmantota lekcijā Latvijas Universitātē 2017. gada 3. aprīlī.
Prezentācijā apskatītas šādas tēmas:
• Eirozonas ekonomikas aktualitātes.
• Eiro zonas monetārās politikas galvenais mērķis – cenu stabilitāte.
• Cenu stabilitāte un inflācija.
• Monetārās politikas transmisijas mehānisms un Eiropas Centrālās bankas ietekme uz makroekonomiskajiem rādītājiem.
• Monetārās politikas praktiskā īstenošana eiro zonā: monetārās politikas īstenošanas pamatprincipi, instrumenti.
Presentation by Michael Haliassos, Goethe University Frankfurt, CFS, SAFE, and CEPR at the Conference "Have We Learnt Anything from the Crisis?" in Riga, Latvia. 17.10.2014
Presentation by Andris Vilks, Minister of Finance, Republic of Latvia at the Bank of Latvia conference "Economic Adjustment under Sovereign Debt Crisis: Can Experience of the Baltics Be Applied to Others?"
Riga, November 2, 2012.
Economic adjustment in the euro area and the experience of the BalticsLatvijas Banka
Presentation by Hans-Joachim Klöckers, Deputy Director General Economics, European Central Bank at the Bank of Latvia conference "Economic Adjustment under Sovereign Debt Crisis: Can Experience of the Baltics Be Applied to Others?"
Riga, November 2, 2012.
Presentation by Philip R. Lane, Professor of Political Economy, Trinity College Dublin at the Conference "Have We Learnt Anything from the Crisis?" in Riga, Latvia. 17.10.2014
Baltic economies: more pain in the past, more gain in the future?Latvijas Banka
Presentation by Dr. Raul Eamets, Professor of Macroeconomics, Head of the Institute of Economics, University of Tartu (Estonia) at the Bank of Latvia conference "Economic Adjustment under Sovereign Debt Crisis: Can Experience of the Baltics Be Applied to Others?"
Riga, November 2, 2012.
Presentation by Dr. Xavier Sala-i-Martin, Professor of Economics, Columbia University (USA) at the Bank of Latvia conference "Economic Adjustment under Sovereign Debt Crisis: Can Experience of the Baltics Be Applied to Others?"
Riga, November 2, 2012.
Lekcija: Eirozonas ekonomika un monetārā politika (ENG)Latvijas Banka
Prezentācijā apskatītas šādas tēmas:
Eirozonas ekonomikas aktualitātes.
Eiro zonas monetārās politikas galvenais mērķis – cenu stabilitāte.
Cenu stabilitāte un inflācija.
Monetārās politikas transmisijas mehānisms un Eiropas Centrālās bankas ietekme uz makroekonomiskajiem rādītājiem.
Monetārās politikas praktiskā īstenošana eiro zonā: monetārās politikas īstenošanas pamatprincipi, instrumenti.
Lekcija "Pasaules tautsaimniecības attīstības tendences un tuvākās nākotnes p...Latvijas Banka
Pasaules ekonomikas un lielāko pasaules valstu ekonomiku attīstības prognozes, balstoties uz jaunāko Starptautiskā Valūtas fonda veikto analīzi. Aktuālie jautājumi un būtiskākie riski ekonomikas attīstībai. Ieteikumi politikas veidotājiem.
Prezentācija izmantota lekcijā Ventspils augstskolā 2014. gada 4. novembrī.
Ireland’s EU-IMF Program: A Safe Harbor in a Perfect StormLatvijas Banka
Presentation by Craig Beaumont, Assistant Director of the European Department, International Monetary Fund at the Conference "Have We Learnt Anything from the Crisis?" in Riga, Latvia. 17.10.2014
Lekcija: Pasaules tautsaimniecības izaicinājumi un perspektīvasLatvijas Banka
Prezentācija "Pasaules tautsaimniecības izaicinājumi un perspektīvas" izmantota Latvijas Bankas vieslekcijā Latvijas Universitātē 2016. gada 8. martā.
Aplūkotās tēmas:
• Pasaules tautsaimniecības attīstības tendences un tuvākās nākotnes perspektīvas;
• Pasaules ekonomikas un lielāko pasaules valstu ekonomiku attīstības prognozes;
• Būtiskākie ekonomikas attīstības riski;
• Aktuālie jautājumi un ieteikumi politikas veidotājiem.
Recent trends in the global ecenomy and the near term outlookLatvijas Banka
Pasaules ekonomikas un lielāko pasaules valstu ekonomiku attīstības prognozes, balstoties uz jaunāko Starptautiskā Valūtas fonda veikto analīzi. Prezentācijā apskatīti aktuālie ekonomikas jautājumi un nozīmīgākie attīstību kavējošie riski.
Prezentācija izmantota lekcijā Latvijas Universitātē 2016. gada 1. martā
Lekcija: Eirozonas ekonomika un monetārā politika (ENG)Latvijas Banka
Prezentācijā apskatītas šādas tēmas:
Eirozonas ekonomikas aktualitātes.
Eiro zonas monetārās politikas galvenais mērķis – cenu stabilitāte.
Cenu stabilitāte un inflācija.
Monetārās politikas transmisijas mehānisms un Eiropas Centrālās bankas ietekme uz makroekonomiskajiem rādītājiem.
Monetārās politikas praktiskā īstenošana eiro zonā: monetārās politikas īstenošanas pamatprincipi, instrumenti.
Lekcija: Pasaules tautsaimniecības izaicinājumi un perspektīvasLatvijas Banka
Prezentācija izmantota lekcijā Biznesa augstskola Turība 2016. gada 20. oktobrī.
Pasaules ekonomikas un lielāko pasaules valstu ekonomiku attīstības prognozes, balstoties uz jaunāko Starptautiskā Valūtas fonda veikto analīzi. Prezentācijā apskatīti aktuālie ekonomikas jautājumi un nozīmīgākie attīstību kavējošie riski.
Lekcija: Eirozonas ekonomika un monetārā politikaLatvijas Banka
Prezentācija (angļu valodā) izmantota lekcijā Latvijas Universitātē 2017. gada 3. aprīlī.
Prezentācijā apskatītas šādas tēmas:
• Eirozonas ekonomikas aktualitātes.
• Eiro zonas monetārās politikas galvenais mērķis – cenu stabilitāte.
• Cenu stabilitāte un inflācija.
• Monetārās politikas transmisijas mehānisms un Eiropas Centrālās bankas ietekme uz makroekonomiskajiem rādītājiem.
• Monetārās politikas praktiskā īstenošana eiro zonā: monetārās politikas īstenošanas pamatprincipi, instrumenti.
Presentation by Michael Haliassos, Goethe University Frankfurt, CFS, SAFE, and CEPR at the Conference "Have We Learnt Anything from the Crisis?" in Riga, Latvia. 17.10.2014
Presentation by Andris Vilks, Minister of Finance, Republic of Latvia at the Bank of Latvia conference "Economic Adjustment under Sovereign Debt Crisis: Can Experience of the Baltics Be Applied to Others?"
Riga, November 2, 2012.
Economic adjustment in the euro area and the experience of the BalticsLatvijas Banka
Presentation by Hans-Joachim Klöckers, Deputy Director General Economics, European Central Bank at the Bank of Latvia conference "Economic Adjustment under Sovereign Debt Crisis: Can Experience of the Baltics Be Applied to Others?"
Riga, November 2, 2012.
Presentation by Philip R. Lane, Professor of Political Economy, Trinity College Dublin at the Conference "Have We Learnt Anything from the Crisis?" in Riga, Latvia. 17.10.2014
Baltic economies: more pain in the past, more gain in the future?Latvijas Banka
Presentation by Dr. Raul Eamets, Professor of Macroeconomics, Head of the Institute of Economics, University of Tartu (Estonia) at the Bank of Latvia conference "Economic Adjustment under Sovereign Debt Crisis: Can Experience of the Baltics Be Applied to Others?"
Riga, November 2, 2012.
Presentation by Dr. Xavier Sala-i-Martin, Professor of Economics, Columbia University (USA) at the Bank of Latvia conference "Economic Adjustment under Sovereign Debt Crisis: Can Experience of the Baltics Be Applied to Others?"
Riga, November 2, 2012.
Policy responses to the global economic crisis: Too little, too late?Latvijas Banka
Presentation by Andrew Bosomworth, Managing Director, PIMCO, at the Bank of Latvia conference "Economic Adjustment under Sovereign Debt Crisis: Can Experience of the Baltics Be Applied to Others?"
Riga, November 2, 2012.
Why Latvia succeeded and Southern Europe failedLatvijas Banka
Presentation by Dr. Anders Åslund, Senior Fellow, Peterson Institute for International Economics (USA) at Bank of Latvia conference ""Economic Adjustment under Sovereign Debt Crisis: Can Experience of the Baltics Be Applied to Others?
Riga, November 2, 2012.
Adjustments in Latvia and Greece: Lessons for EuropeLatvijas Banka
Statement by Gabriele Giudice, Head of Unit, ECFIN.G3: Greece, European Commission at the Conference "Have We Learnt Anything from the Crisis?" in Riga, Latvia. 17.10.2014
Expansionary Fiscal Contraction? An Irish PerspectiveLatvijas Banka
Presentation by Franc Barry, Professor of International Business and Economic Development, Trinity College Dublin (Ireland) at the Bank of Latvia conference "Economic Adjustment under Sovereign Debt Crisis: Can Experience of the Baltics Be Applied to Others?"
Presentation by Jürgen Stark, Member of the Executive Board of the ECB at the Bank of Latvia conference "Global Challenges and Local Opportunities: Achievements and Prospects in the Baltic States"
Riga, 12 October 2011
Macroeconomic Developments Report. December 2015Latvijas Banka
Based on data from tLatvijas Banka, Central Statistical Bureau of Latvia, Ministry of Finance, and Financial and Capital Market Commission, this publication assesses developments of the external sector and exports, financial market, domestic demand and supply, prices and costs, and balance of payments, and provides forecasts for the economic development and inflation.
Macroeconomic Developments Report, December 2016Latvijas Banka
Based on data from Latvijas Banka, Central Statistical Bureau of Latvia, Ministry of Finance, and Financial and Capital Market Commission, this publication assesses developments of the external sector and exports, financial market, domestic demand and supply, prices and costs, and balance of payments, and provides forecasts for the economic development and inflation.
"Highlights":
* Manufacturing output continues to rise despite weak demand
* Latvian exports sluggish in complex circumstances
* Inflation starting to go up
"In Focus":
Macroeconomic balance maintained in 2016, supply side should be strengthened in 2017, autors: Oļegs Krasnopjorovs
One of Latvia's unsung heroes in financial journalism is Dorian Ziedonis, The Baltic Times Editor-in-Chief. This time he has taken a look at the coming EUROentry for Latvia and what could be possible scenarios if we look at those countries already having enterred and their experience. The PRIME Match is the main advertising feature and 'bandwagon'/mouth piece for the B2BLiST m a t ch e d networking at events in Latvia. The next - Speakers' CORNER is due May 23. Be there..or be...out-of-the-loop... office@prime.lv +371 29 360 813 GMT + 2 hrs 09:15- 22:00) WELCOME to book tickets or speech time! Henrik Mjoman Project Mgr, mRiga, LATVIA
What measures have the EU (or member nations) taken to mitigate the .pdffathimafancyjeweller
What is the weighted average cost of capital for a corporation that finances an expansion project
using 35% retained earnings and the rest as debt capital? Assume the interest rates are 11% for
equity financing and 23% for debt financing. The weighted average cost of capital is 5785 0 %.
Solution
WACC = cost of equity x equity percentage + cost of debt x debt percentage
WACC = 23% x(1 - 35%) + 11% x 35% = 18.8%.
Allocations of distressed investments look set to increase in 2015, with funds increasingly pouring money into Europe, according to Debtwire Europe’s 11th European Distressed Debt Outlook, produced in association with Rothschild and Orrick.
Deloitte global powers of consumer products 2014vishalsingh660
To start a new section, hold down the apple+shift keys and click
to release this object and type the section title in the box below.
Global Powers of Consumer Products 2014
Deloitte Touche Tohmatsu Limited (DTTL) is
pleased to present the 7th annual
Global Powers of
Consumer Products
. This report identifies the 250 largest
consumer products companies around the world based
on publicly available data for the fiscal year 2012
(encompassing companies’ fiscal years ended through
June 2013).
The report also provides an outlook for the global
economy, an analysis of market capitalization in the
industry, a look at M&A activity in the consumer
products sector, and a discussion of major trends
affecting consumer products companies.
POSITION PAPER: Euro Zone Crisis. Diagnosis and Likely Solutions (ESADEgeo)ESADE
Author: Fernando Ballabriga
ESADEgeo - February 2014
Southern euro countries are in a situation of vulnerability due to three factors: their high debt levels, their eroded competitiveness and their difficulties to restart growth. Together, these factors generate a vicious circle which is difficult to exit and which can even degenerate into a self-fulfilling economic downward spiral. This policy brief provides a short guiding tour to the euro zone crisis. It looks at the current situation, the full context conditioning the solutions to the situation, how we got here, and the possible way out. The latter section outlines a set of minimum steps required to make the euro sustainable.
The first step to succeed or the last chance to survive march 2013Asta Pravilonyte
An invitation to policy makers, financial institutions, entrepreneurs and innovators, academics and other interest groups to share their observations and experience those may reveal factors required to attract investors and remove barriers for sustainable development.
Dedicated to support sustainable development trends those strengthen resilience during financial shocks and contractions of economy.
Ardo Hansson. European recovery in longer-term perspective – a view from a (s...Eesti Pank
Governor Ardo Hansson participated in a panel discussion at the seminar organised by the Peterson Institute for International Economics in Washington. 09.10.2013
NORMAT E INTERESIT / INTEREST RATES IMPACT AND LOAN SYSTEM IN THE ECONOMIC DE...Shkumbin Gërguri
Commercial banks are intermediators of the interaction between business entities and other economic, legal and social agents. Today, banks do not have the approach towards the classic model, whose function was only to offer classic services of deposits and loans,; with evolution of global trends and technology banks have created nowadays a modern system of operating that applies techniques and methods that are the trend of globalization.
Global Powers of Consumer Products 2013Melih ÖZCANLI
Global Powers of Consumer Products 2013
Engaging the connected customer
by Deloitte, 2013
The opportunity for consumer products companies to manage their brands online, engage with consumers at an individual level, and drive sales through digital channels is significant. The question is how to do it well. Take a look at this year's report to see which consumer goods companies are on the Top 250 list. Then keep reading to see what approaches the industry is likely to take to engage this new, digitally empowered consumer.
Find out which companies are where on this year's Top 250 list by downloading the complete report.
This paper draws on the experience of emerging Europe and argues that foreign capital is an enviable development opportunity with tail risks. Financial integration and foreign savings supported growth in the EU12 and EU candidate countries. We argue that this was possible because of EU membership (actual or potential) and its role as an anchor for expectations. In contrast, the eastern partnership states did not benefit from the foreign savings-growth link. But financial integration also led to a buildup of vulnerabilities and now exposes emerging Europe to prolonged uncertainty and financial deleveraging due to eurozone developments. Nonetheless, we believe that external imbalances should not be eradicated—nor should emerging Europe pursue a policy of self-insurance. Instead, what we refer to as an acyclical fiscal policy stance could serve to counterbalance private sector behavior. Going forward, a more proactive macroprudential policy will also be needed to limit financial system vulnerabilities when external imbalances are large.
This paper build on work presented in a World Bank report titled “Golden Growth: Restoring the Lustre of the European Economic Model” (2012) and on Juan Zalduendo’s presentation on “Financial integration. Lessons from CEE and SEE” delivered at the CASE 2011 International Conference on “Europe 2020: Exploring the Future of European Integration” held in Falenty near Warsaw, November 18-19, 2011.
Authored by: Aleksandra Iwulska, Naotaka Sugawara, Juan Zalduendo
Published in 2012
After reporting very high growth rates as well as being seen as examples of successful economic transition, the “Baltic tigers” (Lithuania, Latvia and Estonia) are now among the worst victims of the global economic crisis. All three have reported large declines in GDP, income and employment, which threaten the significant development progress made since the mid‐1990s.
Authored by: Michaela Pospisilova, Ben Slay
Published in 2009
Similar to Speech by Olli Rehn at the Euro Conference Latvia (20)
Latvijas tautsaimniecības makroekonomiskā attīstība | Septembris 2023Latvijas Banka
Latvijas Bankas prezidenta Mārtiņa Kazāka un Monetārās politikas pārvaldes vadītāja Ulda Rutkastes prezentācija 2023. gada 29. septembrī par jaunākajām ekonomikas prognozēm.
Latvijas Bankas Finanšu pratības daļas vadītājas Aijas Brikšes prezentācija Rīgas Izglītības un informatīvi metodiskā centra seminārā skolotājiem "Drošs internets un droša digitālā finanšu pratība" 2023. gada 29. augustā.
Latvijas Bankas Makroekonomikas analīzes daļas galvenās ekonomistes Baibas Brusbārdes prezentācija seminārā "Aktualitātes ekonomikā" 2023. gada 24. augustā.
Latvijas Bankas Monetārās politikas analīzes daļas galvenās ekonomistes Anetes Kravinskas prezentācija seminārā "Aktualitātes ekonomikā" 2023. gada 24. augustā.
Latvijas Bankas Makroekonomikas analīzes daļas galvenā ekonomistes Dainas Paulas prezentācija seminārā "Aktualitātes ekonomikā" 2023. gada 24. augustā.
Latvijas tautsaimniecības makroekonomiskā attīstība | Marts 2023Latvijas Banka
Latvijas Bankas prezidenta Mārtiņa Kazāka un Monetārās politikas pārvaldes vadītāja Ulda Rutkastes prezentācija 2023. gada 31. martā par jaunākajām ekonomikas prognozēm.
‘वोटर्स विल मस्ट प्रीवेल’ (मतदाताओं को जीतना होगा) अभियान द्वारा जारी हेल्पलाइन नंबर, 4 जून को सुबह 7 बजे से दोपहर 12 बजे तक मतगणना प्रक्रिया में कहीं भी किसी भी तरह के उल्लंघन की रिपोर्ट करने के लिए खुला रहेगा।
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1. SPEECH/13/691
EUROPEAN COMMISSION
Olli REHN
Vice-President of the European Commission and member of the
Commission responsible for Economic and Monetary Affairs and the Euro
Euro changeover conference
Euro changeover conference, Riga
12 September, 2013
2. 2
Distinguished Guests, Ladies and Gentlemen,
It is a great pleasure to be in Riga today to mark the enlargement of the euro area to its
eighteenth member. Latvia is ready to adopt the euro, and will start using the common
European currency on 1 January 2014.
The adoption of the euro is an important landmark for Latvia, the euro area and the
European Union as a whole.
For Latvia, it is the result of the impressive efforts and determination of the Latvian
people and authorities, which I would like to strongly commend today. Thanks to these
efforts, in the midst of a deep global economic crisis, Latvia will enter the euro area from
a strong position. It has a solid fiscal stance and one of the lowest public debt levels in
the EU. Its economy is highly flexible, and it has shown its ability to operate and adjust
under a fixed exchange rate regime for close to two decades.
For the euro area, the accession of Latvia underlines the vitality of the Economic and
Monetary Union. For those not yet using the common currency, it shows that the euro
area is open to all Member States that fulfil the conditions set by the Treaty. It
demonstrates that sustained policy efforts and stability-oriented policies generate
concrete results.
Latvia will be part of a reformed Economic and Monetary Union. Over the past few years
its architecture and governance have been significantly strengthened. The functioning of
the EMU now finally reflects the Treaty commitment that obliges the Member States to
consider their economic policies as a common concern. As a result, we will be able to
prevent the emergence of fiscal or macroeconomic imbalances better than before.
The set-up of the European Stability Mechanism as a strong joint financial backstop has
allowed us to weather the storm and it will help us face the next ones better prepared.
The regulation of financial markets has been improved to ensure that pre-crisis excesses
can be avoided in the future. With the set-up of the Banking Union, the next large
project for the strengthening of the EMU, we will be able to ensure that the euro-area
will have a stable banking sector, capable to serve the needs of the real economy.
And at the same time, euro area Member States are making important headway to
strengthen the sustainability of their public finances and to pursue structural reforms for
growth and jobs. As a result, we are seeing the first signs that the economy may be
turning around. I am confident – if the governments consistently stick to reforms and
commitments made, that we will see a sustained recovery next year that may translate
into improved employment figures by the end of 2014. Clearly, there are risks, including
political instability in some countries and back-tracking on structural reforms, but overall
I think we have turned the corner and should be on the path of exiting the crisis.
Last week when the G20 summit took place in St. Petersburg, the discussion were of
course overshadowed by Syria but there substantive discussion on the economic agenda
which showed good progress and strong unity on a number of points which will help
global confidence.
We are now witnessing a multispeed recovery in the global economy. The big change
since the last summit was that growth prospects of advanced economies have increased
and prospects of some emerging countries slowed down. It is not more the three speed
recovery set out by the IMF at the Spring meetings with fast-moving emerging
economies, a moderate recovery in the United States, and a stagnating Europe and
Japan. There are clear worries on the slowdown in emerging market countries, but also
on the solidity of their financial sectors.
3. 3
The Euro area is not seen any more by the G20 to be at the epicentre of the crisis. There
has been praise by our G20 partners, including by President Obama at the plenary
session, for the decisions taken by European authorities since the last summit. But there
is also the recognition that we need to stay the course of reform in particular on banking
union [ (the communique contains a renewed commitment "to move ahead decisively
and without delay towards banking union")]. Our G20 colleagues clearly expect us to
continue to work with a sense of urgency on the Asset Quality Review, stress tests, bank
balance sheet repair and the Single Resolution Mechanism.
Ladies and Gentlemen,
Let me now turn back to Latvia, and to what life as a member of the euro area will mean
in terms of the policy challenges ahead. It will be essential to continue prudent fiscal
policies and to implement ambitious structural reforms in line with the Country Specific
Recommendations under the European Semester to ensure successful participation in
the European Monetary Union. The use of macro-prudential tools to reduce risks from
the growing non-resident banking sector is also important in this respect. The
commitments given by Latvia to the Eurogroup in June are encouraging in this regard.
The Latvian authorities have already done a lot to keep public finances on a sustainable
path, and the chosen strategy of fiscal consolidation has proved successful. I count on
the Latvian authorities to maintain this culture of fiscal prudence also as a member of
the euro area.
While I am glad to note that the economic growth is translating also into declining
unemployment, it still remains very high. It is therefore necessary to do more to bring
people back to work. Education and training systems can be made more responsive to
labour market needs. Tackling social inequality, in line with the recent World Bank
recommendations, remains a challenge and we will follow closely how this issue will be
addressed in the 2014 budget.
Other important reforms concern for example the management of state owned assets,
access to gas infrastructure, financing of higher education and health care, judicial and
insolvency procedures, tackling financial crime and tax evasion, competitiveness and
governance of ports. The list is long and ambitious, but necessary for Latvian people to
be able to reach higher living standards in the medium term.
Dear Friends,
The coming weeks and months will be busy with preparations for practical changeover to
the euro. We will be working closely with the Latvian authorities to ensure a smooth
changeover.
Preparations are well on track, but further efforts are needed to ensure that all areas of
the country, all businesses and banks are ready January when lats banknotes and coins
will be replaced by euro cash.
Also, the concerns of many Latvians about possible abusive price setting need to be
addressed. Looking back at previous changeovers, there has been no evidence for a
significant price increase due to euro introduction. The Latvian authorities' initiative
called "Fair Euro Introducer" will be helpful here. It invites businesses to join and
commit not to misuse the changeover for their own profit, to respect the changeover
rules and provide the necessary assistance to their clients before and after euro
adoption. We are confident that any complaints of abusive price settings by certain
retailers or service providers will be addressed quickly.
I am confident that Latvians will quickly learn to appreciate the benefits of the euro. It is
natural to be worried about change, but we've seen before that support and acceptance
of the common currency tend to increase quickly and substantially after euro adoption.
4. 4
With the euro all Latvians will be saving on currency exchanges, lower transaction costs
and favourable financing conditions for businesses and through better price transparency
for consumers. Government’s borrowing costs should also decrease further, which
means less money spent on servicing the public debt.
As a member of the euro area, Latvia will participate in decision-making on issues that
already affect the country now due to the eight-year-old peg to the euro. Latvia will be
at the core of European integration, determining its future together with its peers.
I am glad to note that the people of Latvia have decided that the backside of the euro
coins should reflect the profile of the national symbol Milda. I am aware of her role as a
symbol of freedom and continuity for the Latvian people through the past century. With
the euro, she will travel to all corners of Europe and the world, telling the story of Latvia
and its identity.
Thank you