Stagnation weighs on Latvian businesses

  • 2014-01-08
  • From wire report
RIGA - Although the main objective of Latvia’s National Development Plan is ‘economic breakthrough,’ in reality there is now a steady stagnation in Latvia, because neither the proposals regarding the 2014 state budget nor anything else suggests that there will be faster growth in the coming years, Latvian Chamber of Commerce and Industry board chairman Janis Endzins told the business portal.Although Latvia will have the highest gross domestic product growth in the European Union in 2013 - for the third year in a row - the overall prosperity level in Latvi...
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