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The Latvian Cabinet of Ministers has approved amendments to the Accounting Law. These changes lay the groundwork for a phased introduction of structured electronic invoicing. This initiative aims to improve financial transparency, reduce administrative burdens, and align with EU digitalisation...
#digitisation#e-invoices#legislation
In general, small and medium-sized enterprises (SMEs) in Latvia have good access to financing for growth, according to the latest…
#Access to Finance#bank#crisis
Latvian factoring market grew by almost 50pc in 2012. (more…)
#bank#international#international factoring
Jelena Tihonova, Head of Trade FinanceDepartment, JSC TRASTA, provides an overview of the Latvian factoring market, covering industry environment, market performance,…
Edgars Niedra, Senior Specialist, Trade Finance Department at Joint Stock Company Trasta Komercbanka, discusses the Latvian factoring industry s dramatic…
Latvia's factoring market contracted 50.5% in 2009... (more…)
#exports#leasing#Nordea
Through its Finance and Economy Ministries, Latvia has become the latest government to support businesses, with a programme worth LVL 120…
#bank#exporters#guarantees
Activity in the Latvian factoring market has shrunk to its 2006 level, while leasing has fallen to 2004 levels, according…
The Nordic Investment Bank and the Latvian state-owned Latvijas Hipoteku un zemes banka have signed a new agreement for a…
#bank#financial institution#recession
Latvian government allowed controol of Parex Banka. (more…)
Latvian business confidence fell to the lowest ever in the third quarter as the economy entered a recession (more…)
2006 is expected to see further growth in the factoring market by at least 40%, compared with 2005. The first…
#bank#guarantees#ING
The Latvian leasing and factoring sector has a new player (more…)