Category: Latvia

BALTIC STATES: Covid-19 under control, but governments remain cautious

Teneo April 17, 2020

●The three Baltic States have managed the Covid-19 crisis relatively well so far, but challenges in restarting their exportoriented economies lie ahead.

● Estonia and Latvia remain cautious in relaxing restrictions too early, while Lithuania started a gradual reopening of the economy on 15 April.… Read the rest

LATVIA: Banking sector reform clouded by potential coalition infighting

Teneo February 14, 2020

Latvia’s progress in tackling money laundering has lowered the probability that the country will be “grey-listed” by the G7’s Financial Action Task Force (FATF) next week. Despite the notable regulatory reforms in the banking sector, the political and legal focus on fighting corruption has yet to translate into real sentences for financial crimes.… Read the rest