Economical situation in Latvia

» Articles » Economical situation in Latvia 27.06.2010 (9977)

One of the specifics of the current economical crisis in Latvia is not only disproportion in the frames of economy, but also in the frames of political and social relations development in the World. The first signs of crisis in Latvia appeared in the beginning of year 2007, mostly because of anti-inflation measures of Latvian government.

In 2007, the crisis was on national level, the worldwide financial crisis in August 2008 made the situation even worst and the latest events in January 2009 demonstrated that economical, social and political processes in Latvian society are becoming uncontrollable. Some of the features of the crisis are: decrease in export; increase in external debts; devaluation of national currency Lat; exhaustion of gold reserves etc. One can mention as well absence of internal resources for development, low level of local production, and absence of conceptions, institutions and mechanisms to provide sustainable development of the economy

.*pdf (Short English, full version Russian)
A. Gaponenko – Director of the Institute of Europeans studies, Doctor of Economics.

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close open

Appeal to world leaders and humanity

Diplomatic Economic Club strongly condemns and is not accepting any kind of aggression, military collisions, wars between countries, which are happening here close in the center of Europe, on the other continents of the world, in Asia, in Africa.
Nothing can justify the use of force in any cases, everywhere it leads to suffering of civilians.
We call all parts, leaders of all levels for a peaceful solution of any disagreements through the dialog and negotiations.
Only the Peace on our planet, olny Friendship and mutual understanding promote the life of people.
Please don't even allow yourself any thought about World War III, about nuclear weapons.
All the humanity remembers the wars of the 20th century, and if somebody has forgotten, please remember. Diplomatic Club for Peace

Stop War! Peace All over the World

Diplomatic Economic Club
unites members from 37 countries of the world.

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