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Former minister upbeat on Latvia's post-pandemic economic outlook - World News


2021-01-09 07:35:29 GMT2021-01-09 15:35:29(Beijing Time) Xinhua English
RIGA, Jan. 9 (Xinhua) The Latvian economy s performance during the COVID-19 crisis has been acceptable on the whole and the Baltic state has been doing better than many other countries, according to Andris Vilks, a member of the Council of the Bank of Latvia Council and former finance minister.
While the pandemic has brought about serious problems, it also created new opportunities and highlighted long-neglected issues in many sectors of the economy, Vilks told the Latvian news agency LETA on Friday.
Using funds from the European Union (EU) and its national budget, the Latvian government has created a number of support instruments to help the country s economy survive the coronavirus crisis, he said. These include downtime and wage subsidies, working capital grants and rent discounts to businesses. ....

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