Latvia's end of year debt at 28.548 billion euro

  • 2008-12-24
  • TBT staff
RIGA-Latvia's external debt came to a grand total of 28.548 billion euro as the third quarter of 2008 comes to a close.

According to figures from the Bank of Latvia, this total is up 18 percent from 2007.

Among the various sectors holding debts, the government's long term debts alone totaled around 1 billion euro consisting mostly of bonds and notes.

The Latvian central banks short term loans came to about 5.2 million euro.

The number of direct investments totaled over 2 billion euro.