Latvia ends year with trade surplus

Mar 10, 2010
From wire reports

RIGA - The surplus in Latvia’s current account trade balance at year-end stood at 1.25 billion lats (1.7 billion euros), or 9 percent of GDP, said Bank of Latvia press secretary Martins Gravitis, reports business portal Nozare.lv. In the fourth quarter last year, the surplus in the current account amounted to 12 percent of GDP, and the combined balance of goods and services was positive. Bank investment in equity to cover losses underpinned the inflow of net foreign direct investment in ...

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