Ober Haus Commercial market commentaries, Q3 2011

2011-10-19

According to the operational data of the Treasury of the Republic of Latvia, the state budget situation within nine months of this year has improved both in comparison with the forecast, as well as with nine months of the previous year. „Thanks to faster growth of economic activities than previously forecasted, tax revenues are developing above the forecasted level. The Ministry of Finance has revised the forecast of the increase of gross domestic product for year 2011, raising it from 3.3% up to 4.5% in comparable price,” indicates Andris Vilks, the Minister of Finance.

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