On 20 March, the Finance Sector Development Council has agreed to ban cooperation between banks and shell companies in Latvia, which have no real economic activity.
On 22 March, Prime Minister Māris Kučinskis, together with 27 other EU Heads of State and Government in Brussels, discussed the attack of 4 March in the United Kingdom where the agent paralysing the nervous system was used. This issue was discussed within the framework of the European Council.
On Thursday 22 March, Prime Minister Māris Kučinskis participated in work of the European Council in Brussels that focused on the taxation of the digital economy.
On Thursday 22 March, Prime Minister Māris Kučinskis met with Jean-Claude Junker, President of the European Commission and Prime Minister of Estonia Jüri Ratas, President of Lithuania Dalia Grybauskaite, as well as Prime Minister of Poland Mateusz Morawiecki in Brussels. During the meeting, the officials discussed the synchronization of the Baltic power grids with Europe.
On Friday 9 March, Prime Minister Māris Kučinskis met with the Lithuanian Prime Minister Saulius Skvernelis and Estonian Prime Minister Jüri Ratas in Vilnius within the framework of the Baltic Council of Ministers (BCM).
On Thursday 1 March, Prime Minister Māris Kučinskis met with Volodymyr Groysman, Prime Minister of Ukraine in Rīga.
In the light of the fact that the European Central Bank has not assigned the task to abolish certain payment limits to AB.LV bank, the Council of the Financial and Capital Market Commission (FCMC) has made a decision on non-availability of deposits in order to ensure the refund of the guaranteed compensations to the customers of AB.LV bank.
The Board of the Financial and Capital Market Commission (hereinafter – the FCMC) during an extraordinary meeting today 23 February 2018 adopted a decision on the occurrence of unavailability of deposits at ABLV Bank AS.
On Friday 23 February, Prime Minister Māris Kučinskis participated in the European Council meeting in Brussels. The European Council focused on the Multiannual Financial Framework beyond 2020.
Latvia’s financial system is stable and necessary steps have been taken to ensure that