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Friday 24.01.2020 | Name days: Krišs, Eglons, Ksenija

Kazāks: there are no reasons to expect a crisis as serious as the one in 2008

The growth of both the global and Latvian economy is slow, but this does not mean an economic decline is expected. On top of that, there are no reasons to expect an economic crisis as serious as the last one, said Bank of Latvia governor Mārtiņš Kazāks.

Ilmārs Rimševičs to focus on restoring his reputation in court

After the end of his term as governor of the Bank of Latvia, Ilmārs Rimšēvičs plans to focus on restoring his reputation in court, as the man himself confirmed to journalists at a press conference.

Bank of Latvia downgrades GDP growth outlook to 2.3% for 2019

The Bank of Latvia has downgraded GDP growth outlook for 2019 from the previous 2.5% to 2.3%, whereas economic growth outlook for next year has been preserved at 2.6%, as journalists were told by Bank of Latvia governor Ilmārs Rimšēvičs in an interview to Latvijas Radio on Monday, 16 December.

Latvia’s ruling coalition officially agrees on Kazāks as chosen Bank of Latvia governor

Parties of the ruling coalition in Latvia have agreed to pick the central bank’s council member Mārtiņš Kazāks as their chosen candidate for the posting of governor of the Bank of Latvia, politicians told journalists on Tuesday, 3 December after a meeting of ruling parties.

Latvia’s ruling coalition picks Kazāks to govern Bank of Latvia

On 2 December evening Latvia’s ruling coalition agreed to pick Mārtiņš Kazākš as the chosen candidate to lead the Bank of Latvia, according to unofficial information from LETA.

Kazāks: the central bank cannot be made an «ivory tower»

The council of the Bank of Latvia should take over functions of the management board, said candidate for the post of governor of the Bank of Latvia and member of the central bank’s council Mārtiņš Kazāks in an interview to Latvijas Radio on Monday, 25 November.

Cērps: financial stability should be the main priority for the Bank of Latvia

One major priority for the Bank of Latvia should be responsibility over the stability of the financial system, said potential candidate for the post of the Bank of Latvia and ex-chairman of the Finance and Capital Market Commission Uldis Cērps.

Ex-finance supervisory office’s head applies for Bank of Latvia governor’s post

Ex-chairman of Latvia’s Finance and Capital Market Commission Uldis Cērps has officially submitted his candidacy for the post of governor of the Bank of Latvia.

Latvian MEP will not discuss Bank of Latvia future with opposition

The future governor of the Bank of Latvia should have support from the opposition, says National Alliance «All for Latvia – For Fatherland and Freedom/LNNK» board member and European Parliament member Roberts Zīle.

Prime Minister: there is no time for an open selection of a new governor for Bank of Latvia

Currently there is no list of candidate for the post of governor of the Bank of Latvia, and this is concerning, said Latvia’s Prime Minister Krišjānis Kariņš in Delfi TV interview with Jānis Domburs.

Informal talks commence about Bank of Latvia governor’s possible successor

Political parties in Latvia have started discussing possible candidates to replace Ilmārs Rimšēvičs as the next governor of the Bank of Latvia, considering his term runs out 21 December 2019. However, parties are reluctant to make these discussions public, as reported by newspaper Latvijas Avīze.


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