bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Wednesday 01.04.2015 | Name days: Dagne, Dagnis
LatviaLatvia

Rimsevics: voters should assess parties’ promises and ways of funding

FaceBook
Twitter
Draugiem
print
(+2 of 2)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU

The Bank of Latvia president Ilmars Rimsevics

The best preparation for another recession or Plan B is the same Plan A, believes Ilmars Rimsevics, president of the Bank of Latvia, indicating that the government has to aim at a balanced budget and spending cuts, not increasing taxes next year.

«In Europe and elsewhere, investors, lenders and businessmen are focusing on the debt issue. If Latvia takes care of this issue faster and more efficiently than other countries, it will be better off,» Rimsevics points to the news portal BNN.

The bank’s president positively views the present data, noting inflation stabilization and forecasting the inflation rates will keep declining by 2-3% next year. Namely, the inflation fell by 0.7 percentage points to 4.3% in June and July 2011 due to commodity price stabilization in global markets and a drop in several food product prices, Rimsevics says.

At the same time, he indicates that the performance would have been better if a number of taxes had not been raised, such as the excise tax on alcohol, petrol, tobacco, as well as taxes on the natural gas and medical goods supplies.

Rimsevics also admits that overall the Latvian government and the parliament has adopted a number of difficult and unpopular decisions, fostering rapid recovery from the crisis. In contrast, he mentions other European Union countries, like Greece and Portugal, that are still holding off on consolidation, thus not improving their economic situation.

«It is clear which path was better,» Rimsevics says.

This year’s GDP growth will rise well above 4%; however, the forecasts on 2012 are rather conservative, indicates the Bank of Latvia’s president. He emphasizes that global developments are making the government stick to the already-planned consolidation next year as well.

«Although in 2011 Latvia’s growth will be faster than planned, unfortunately, it does not apply to the following year. Slower growth trend has already emerged in the world over the past months, as evidenced by the producers’ pessimistic outlook on the expected growth,» Rimsevics says.

As regards the upcoming elections, Rimsevics advises Latvia’s residents to keep track of politicians’ promises, as well as how these promises will be funded. Voters must decide whether they vote on Latvia’s future stability, prosperity, or on Latvia trying to earn the lacking money, the bank’s president notes. He himself has decided on whom to vote; however, he refrained from mentioning the party and the candidates’ names.


Leave a reply

Milk quotas scrapped in EU

In all 28 member states of the European Union, milk quotas have ended starting from Wednesday, April 1.

Repeated audit at Riga Freeport could be concluded by the end of the year

Latvian State Audit plans to complete the audit regarding the large-scale Krievu Island investment project by the end of 2015, as confirmed by State Auditor Elita Krumina.

Kasyanov: Putin’s supporters in Latvia don’t want to live in the Russia of today

Russian opposition politician Mikhail Kasyanov is certain that people who express support to Vladimir Putin’s regime in Latvia do not have any detailed knowledge about Russia’s internal policy. They would never want to live in the country that Russia is today, as reported by lsm.lv.

Co-pilot suspected of deliberately crashing down passenger plane had complained of depression

The Germanwings co-pilot suspected of deliberately crashing his plane into the Alps on March 24 had earlier complained about suffering from depression.

Flu epidemic ends in Latvia; 22 dead this season

In the last couple of weeks the number of patients that turned to Latvian medical institutions for assistance with flu infections did not exceed 100 cases per 100,000 residents in all regions involved in flu monitoring initiative. With that, it can be considered the flu season has concluded in Latvia, as reported by Latvian Disease Monitoring and Prevention Centre.

Last day to submit state official’s declaration for 2014 in Latvia

This Wednesday, April 1st, is the last day for the submission of state official’s declaration for 2014 in Latvia.

Estonian Air accuses airBaltic of unfair competition

Estonian Air accuses Latvian national airBaltic airline of unfair competition, as reported by Postimees.

Drivers to be charged entry fee when driving to Jurmala

From April 1st to September 30th, all drivers entering administrative territory of Jurmala city will have to pay a fee of EUR 2. Electric cars, on the other hand, are allowed to enter the resort city free of charge.

Lithuania: Russia is trying to make us vulnerable and reliant

Russia’s efforts to influence its neighbouring states, including Lithuania, have increased since 2014. In order to accomplish this goal, Russia employs all kinds of political, military, diplomatic, economic and other measures, said Lithuanian President Dalia Grybauskaite’s chief advisor for matters of national security Valdemars Sarapins.

Altum allocated EUR 48 million to Latvian businessmen last year

Latvian Financial Development Institution Altum had allocated a total of EUR 48.1 million as state financial support to Latvian entrepreneurs in 2014. This allowed Altum to provide support to more than 1,200 business development projects.

Latvia's VAT and labour tax revenue turn out lower than expected this year

This January and February a surplus of EUR 10.2 million formed in Latvia’s consolidated budget, which is mostly made up of the surplus of EUR 36.2 million in municipal budgets and deficit in the state budget equal to EUR 26 million.

Bondars sees his chances of becoming presidents as positive; Berzins remains quiet

Leader of Latvian Regional Alliance Martins Bondars remains the only officially proposed presidential candidate at the moment. He believes he has good chances of being elected, as reported by lsm.lv.

Strelchenok: Strīķe comes to work, but does nothing

Chief of Latvia’s Corruption Prevention and Combating Bureau Yaroslav Strelchenok is certain the former deputy chief Juta Strīķe only comes to work for show and does not carry out her duty. This is why he says he is collecting evidence of this in order to turn to the court and request her dismissal, as reported by lsm.lv.

Belevics provided with access to official secrets

Constitution Protection Bureau has decided to provide Latvian Healthcare Minister Guntis Belevics from the Union of Greens and Farmers with access to official secrets, as confirmed by Prime Minister’s press secretary Aiva Rozenberga.

Ryanair will no longer charge security fee to passengers at Riga Airport

Ryanair low-cost airline has announced that starting April 1st it will no longer charge security fees to passengers at Riga International Airport.

Saeima deputies spend nearly EUR 10,000 on a trip to Vietnam

Saeima deputies Gundars Daudze from the Union of Greens and Farmers, Sergei Mirski from Harmony, Solvita Aboltina from Unity and head of the Saeima Inter-Parliamentary Relations Office Sandra Paura have been on an official visit to Vietnam’s capital city of Hanoi since last Thursday.

Meteorologists predict snowy Easter in Latvia

This week, active cyclones will bring about cloudy and precipitation-rich weather to Latvia. On Monday, March 30th, most of Latvia’s territory will experience snowfall, including wet snow. Wind speed is also expected to rise.

Bordans: presidential elections may decide whether or not we will elect next Saeima

«We should not fear Russia’s ideological diversions and the tension they bring. We should instead focus on keeping our historic memory active,» – says the Chairperson of the New Conservative Party Janis Bordans.

Retail trade turnover up by 9.3% in Latvia

Compared to January 2015, the total retail trade turnover increased by 1.2% in February 2015, according to seasonally adjusted data at constant prices.

Latvian and Estonian tourists injured in bus crash in Turkey

On March 29th, a bus carrying Estonian and Latvian tourists crashed in Turkey. An Estonian woman died in that accident.

Dreimane receives four invitations to come to Constitution Protection Bureau

Elita Dreimane has been the head of the Latvian State Chancellery since 2011. Up until recently her work was largely viewed as positive. However, some controversy has surfaced between her and Prime Minister Laimdota Straujuma. The most serious conflict between them was regarding work with classified information in investment disputes with foreign companies.

Magonis re-elected as head of LDz before the end of his term

Ugis Magonis has been re-elected in the post of Chairperson of Latvijas Dzelzceļš for another term. On top of that, this decision came three months before the end of his current term.

Economic Diary of Latvia. Latvia as a source of inspiration

Latvia is starting to harvest the fruits of its image labour during the presidency over the EU Council. High-rank guests now often come to Riga. Their visits and statements are reported by local and foreign media outlets.

Lithuania‘s political and economic life diary. Seimas endorses establishing Lithuania-Poland-Ukraine Brigade

The Lithuanian Parliament (Seimas) has ratified the agreement of the Governments of Lithuania, Poland and Ukraine on establishing a joint military unit. 73 Lithuanian parliamentarians, attending a plenary session, voted for agreement unanimously.

Number of cancer patients in Latvia up by 39%

While cancer treatment technologies continue developing in Europe, the number of cancer patients in Latvia continues increasing.

Newest comments