Report
Research Team

Latvia Weekly Coverage 12-18.02.2018

• Financial regulator FCMC orders ABLV Bank to stop all payments as of Feb 19
• Ruling coalition partner Unity to form new alliance ahead of general elections
• Corruption Prevention Bureau detains Bank of Latvia's governor Ilmars Rimsevics
• EconMin and power grid operator to find compromise solution to electricity issue
• Financial and Capital Market Commission starts investigation of ABLV Bank
• Opposition gives EconMin Aseradens until Mar 1 to resolve electricity issue
• Growth of foreign tourist arrivals accelerates to 14.2% y/y in Q4 2017
• Fiscal Discipline Council approves FinMin's upgrade of GDP growth forecasts
• Farmers may demand resignation of Economy Minister Aseradens
• Finance ministry raises 2018 GDP growth forecast to 4.0%
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