Latvia's Economic and Financial Outlook

8 Key Events in 2019 5 1 In Q1 2019 Latvia's economic growth continued to be robust and balanced. In April the Parliament adopted Law on the State Budget for 2019 and the Government approved Latvia's Stability Programme for 2019 - 2022. 3 In the first half of the year credit rating agencies S&P Global, Fitch and Moody's Investors Service reaffirmed their long term foreign currency sovereign credit rating on the Republic of Latvia at current levels respectively 'A', 'A-' and 'A3'. Latvia has carried out its planned funding activities in the international capital markets in 2019 by raising EUR 1 billion in total. On May 29, the Government elected new president of the Republic of Latvia.

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