Aaron Eglitis

Mark Schroers and Aaron Eglitis 1 min read (Bloomberg) -- The economic revival in the euro area is likely to gain momentum, though

Latvia’s government backed a tax on the financial sector’s profits for three years to help fund defense spending as the Baltic country boosts security after Russia’s invasion of Ukraine.

(Bloomberg) -- European Central Bank Governing Council member Martins Kazaks said interest rates can be lowered next year to levels that neither stimulate nor restrict the economy — should inflation meet the 2% target.

A Latvian court handed down lengthy prison terms to an ex-bank owner and two other men for the murder of a prominent lawyer six years ago.

A Latvian court handed down lengthy prison terms to an ex-bank owner and two other men for the murder of a prominent lawyer six years ago.

The US ambassador to Latvia lauded the Baltic nation’s efforts to clean up its financial sector in the six years since a banking fallout, saying a US decision to withdraw a sanctions measure this year will help investment.

The European Central Bank should go on cutting interest rates gradually, according to Governing Council member Martins Kazaks.

(Bloomberg) -- The European Central Bank should go on cutting interest rates gradually, according to Governing Council member Martins Kazaks.

Meanwhile, last week's US election has cast a pall over the prospects of the euro-area economy, as the return of Donald Trump to the White House might also see a protectionist turn from the US.

Aaron Eglitis 1 min read (Bloomberg) -- The European Central Bank should lower interest rates next month, according to Governing Council member Martins Kazaks.