Posts tagged as Bank of Latvia

Undeclared cash import declined with border closure

Thursday, June 11, 2020

The trend observed in Latvia that EUR 400 million in cash is being smuggled into the country each year has changed with the border closure of COVID-19, Ilze Znotiņa, head of the Financial Intelligence Unit (FID) said in an interview to Latvian Television on June 11. Until now, it has been observed that large amounts of cash are imported into the country, often undeclared. FID estimates it amounts to around…

Employment support measures should resume, says Bank of Latvia

Thursday, May 28, 2020

Support measures implemented by the government to mitigate the consequences of COVID-19 on the economy should be continued, said Uldis Rutkaste, Head of the Monetary Policy Board of the Bank of Latvia, in an interview to Latvian Radio on May 28. These measures, including idle benefits, have helped to mitigate unemployment and their resumption would help to keep unemployment at normal levels so that it does not rise rapidly. It…

Corruption watchdog chief says bureau has done no illegal actions

Thursday, July 19, 2018

After going through Corruption Prevention and Combating Bureau’s past investigative activities, the bureau’s chief – Jēkabs Straume – found it confusing that officers often took no appropriate actions after acquiring evidence or receiving indications regarding necessary steps. In an interview to Ir magazine, Straume said he has performed a small evaluation of what the bureau has done in the past several years before he became chief of the institution. During…