Wed, 12 Oct 2011: IMF positive on Latvia’s outlook…
Oct 12, 2011 Latvia
The government was forced to turn to a group led by the European Commission and the IMF for a 7.5 billion euro loan package in 2008 after the second-biggest bank, Parex, needed a state rescue. T...Tags: Airbaltic, Airline, Budget, Economic Estimates, European Commission, European Outlook, Gdp, Gdp Growth, Imf, Latvia, Loan Package, Oct 5, Outlook 5
Thu, 21 Apr 2011: Latvia meets lenders’ demands…
Apr 21, 2011 Latvia
Gabriele Giudice, the EC’s mission chief to Latvia, said at the same news conference that a decision may be made in June on freeing up the funds, which will come from about 600 million euros...Tags: April 14, Baltic Country, Bank Restructuring, Ec, Gabriele, Gdp, Giudice, Imf, Latvia, Lenders, Loan Package, Mission Chief, News Conference, Parliament, Rsquo, Tax Increases
Thu, 9 Sep 2010: Fitch boosts Latvia’s rating…
Sep 9, 2010 Latvia
Prime Minister Valdis Dombrovskis’ government implemented tax increases, spending and wage cuts equal to 10 percent of GDP to keep the budget deficit at 9 percent of GDP and meet the terms o...Tags: Associate Director, Boosts, Budget Deficit, Economic Stabilization, Fitch Rating, Gdp, Imf, Latvia, Liquidity, Loan Package, Outlook, Prime Minister, Rsquo, Tax Increases, Valdis, Wage Cuts
Thu, 29 Apr 2010: Greece told to copy Baltics…
Apr 29, 2010 Baltics
All three had their ratings outlooks raised last month at Moody’s Investors Service. Greece has turned to its fellow EU members and the IMF for help through the activation of a 45 billion-...Tags: Bonds, Central Bank Governor, Emergency Loan, Expenditures, Fellow, Gdp, Greece, Imf, Investors Service, Latvia, Loan Agreement, Loan Package, Outlooks, Pl, Public Spending, Rsquo
Wed, 10 Mar 2010: High praise for Dombrovskis’ crisis leadership…
Mar 10, 2010 Baltics
The former central bank economist implemented an austerity program demanded by a group led by the European Commission and the International Monetary Fund, which stepped in with a 7.5 billion euro ...Tags: Austerity Program, Bailout, Cebeci, Economist, Emergency Loan, European Commission, Failure, High Praise, International Investor, International Monetary Fund, Istanbul, Jpmorgan Chase, Latvia, Leadership, Loan Package, Perspective, Rsquo, Skepticism
Wed, 10 Feb 2010: Tough decisions finally showing positive results…
Feb 10, 2010 Baltics
Latvia’s interbank lending rates have dropped and credit-default swaps are down. Latvia was forced to turn to a group of international lenders, led by the European Commission and the IMF,...Tags: Boom, Competitiveness, Credit Default Swaps, Decisions, Deflation, Devaluation, European Commission, Exchange Rate, Global Financial Markets, Imf, Interbank, International Lenders, Loan Package, Parex, Private Sector, Public Sector, Real Estate, Rsquo, Turmoil, Wage Increases
Thu, 28 Jan 2010: Parex searches for appropriate buyer…
Jan 28, 2010 Baltics
Parex, whose failure in 2008 triggered the Latvian government’s need to turn to an IMF-led group to obtain international lending support through a 7.5 billion euro loan package, “may...Tags: Asset Managers, Capital Increases, Failure, Free Money, Guarantees, Imf, Lats, Latvian Government, Loan Package, Parex, Private Banks, Private Equity Firms, Proposals, Recession, Retail Banks
Thu, 17 Dec 2009: Slide halted but rebound not yet clear…
Dec 17, 2009 Baltics
The Latvian economy is the worst performing in the European Union as consumer spending has slowed along with manufacturing activity. The country, which had the fastest-growing economy in the EU...Tags: Budget Deficits, Consumer Spending, European Commission, European Union, Fastest Growing Economy, Global Crisis, International Monetary Fund, Loan Package, Massive Budget, Precipitous Decline, Property Boom, Rebound, Signs
Thu, 27 Aug 2009: Long road ahead for Latvia’s recovery…
Aug 27, 2009 Latvia
Europe head of portfolio management Andrew Bosomworth, reports news agency bbn.ee. "The international community has signed, sealed and disbursed some of the loans to Latvia so the immediate risks...Tags: Ahead, Austerity, Bbn, Economy, Euro, Europe, Extent, Flexibility, Latvia, Loan Package, Loans, News Agency, Peg, Portfolio Management, Public Sector, Wage Cuts