People

Latvia - successful in overcoming the pandemic

Jul 07

Latvia has succeeded in overcoming the first wave of the pandemic more successfully than most other countries, and has the strongest results according to many economic indicators, according to Martins Abolins, Citadele Bank Economist. The initial downward slide in the economy is over, and Latvia is experiencing a V-shaped recovery. Sensible state finances and being part of the Eurozone allowed borrowing funds to stimulate the economy, while balanced external trade, moderate house prices and careful issuance of loans helped keep the internal economy stable. However, the crisis is not yet over and a cautious approach should continue to be taken.

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Obstacles to hiring international talent removed

Dec 12, 2019

On Tuesday, December 10, the Cabinet of Ministers supported the removal of several bureaucratic obstacles to hiring international talent. We would like to thank and congratulate our Labor working group, and especially, Irina Kostina (Ellex Klavins) who contributed to the positive outcome of these long-awaited amendments!

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Investments in Sustainable Pension Plan Exceed €2 mln

Dec 04, 2019

At the end of May, Citadele Bank's subsidiary, CBL Asset Management, created Latvia's first pension plan whose pension savings are invested in businesses which are the most sustainable in their respective industries: protecting the environment, taking care of their employees and acting responsibly in the long term.

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AmCham is a great platform for companies and individuals sharing the same values.

Aigars Milts, Chief Executive Officer of IIZI Brokers