On 30 January, President Edgars Rinkēvičs met with the Governor of the Bank of Latvia, Mārtiņš Kazāks, at the Riga Castle. During the meeting, the parties discussed Latvia’s economic performance over the past year, as well as the macroeconomic forecasts prepared by the Bank of Latvia. They also discussed possible changes to the supervision model for consumer credit providers and planned measures to streamline the refinancing process for legal entities. President Rinkēvičs emphasised that all…
On 30 January, President Edgars Rinkēvičs met with the Governor of the Bank of Latvia, Mārtiņš Kazāks, at the Riga Castle. During the meeting, the parties discussed Latvia’s economic performance over the past year, as well as the macroeconomic forecasts prepared by the Bank of Latvia. They also discussed possible changes to the supervision model for consumer credit providers and planned measures to streamline the refinancing process for legal entities. President Rinkēvičs emphasised that all stakeholders must work towards reducing the costs of refinancing and streamline the process for legal entities, thereby strengthening economic activity among businesses and enhancing their competitiveness.
