Latvia

Latvian Premier's Party Endorses Kazaks for Central Bank Leadership Amidst Economic Challenges

4 months ago

In a significant political maneuver unfolding in Latvia, the ruling political party, led by Prime Minister Krisjanis Karins, has publicly declared its support for Martin Kazaks to become the new head of the Bank of Latvia. This decision marks a pivotal moment as the country seeks to stabilize its financial landscape in the face of ongoing economic pressures.

Latvia Appoints Deputy Governor as Interim Central Bank Chief Amid Transition

5 months ago

In a significant move for Latvia's financial landscape, the country has named its Deputy Governor, Janis Kalis, as the interim chief of the Bank of Latvia. This appointment comes at a critical juncture as the central bank navigates important economic challenges and prepares for future strategic directions. Kalis steps into the role following the conclusion of the previous governor's term, ensuring continuity at a time when central bank leadership is pivotal for maintaining financial stability.

Latvian Coalition Postpones Decision on Central Bank Governor Appointment Until January

5 months ago

The political landscape in Latvia has taken a notable turn as the current ruling coalition has announced a significant delay in the selection process for the next governor of the Bank of Latvia. Initially anticipated to appoint a new governor by the end of this year, the coalition now intends to make this crucial decision in January 2024, citing the need for further discussions and a thorough evaluation of the candidates.

Latvian Central Bank's Future: Kazaks Faces Strong Competition for Reappointment

5 months ago

The European Central Bank (ECB) has entered a crucial phase regarding the future leadership of Latvia’s central bank, as current Governor Mārtiņš Kazaks finds himself amid intense competition for reappointment. With two notable challengers stepping into the fray, the landscape for the governance of Latvia's monetary policy is about to be significantly reshaped.