Latvian Financial Links

Being Updated March 2007-December  2007

The purpose of this link page is to provide useful business links associated with Latvia.  There is no commercial purpose or personal financial gain from this link page.  Most links include a title, languages used, services, and a brief description of the mission and purpose of the site.  Services include search engines, blogs, on-line polls, site of origin (e.g., .lv, .com, .net) and transactions.  Transactions could be nonfinancial (e.g., registration) to financial (e.g., payment of fees) Almost every brief description is a direct quote from the link.  Most of these direct quotes will refer to either the mission or objectives of the link.

The Bank of Latvia (Lv, E)  "The Bank of Latvia is the central bank of the Republic of Latvia. It is one of the key public institutions and carries out economic functions as prescribed by law. The principal objective of the Bank of Latvia is to regulate currency in circulation by implementing monetary policy to maintain price stability in Latvia.  The Bank of Latvia's functions are set out in the Republic of Latvia Law "On the Bank of Latvia". Among the most important objectives of the national central bank are the following: to establish and implement monetary policy in order to ensure price stability in the country, to issue the national currency; to organize and ensure the functioning of the payment and settlement systems in Latvia; to collect, record and aggregate the financial information and the data of the national payment balance, as well as to publish the processed statistical information; to manage foreign assets; to act as financial agent for the government, to issue permits (licenses) to legal persons listed in the Republic of Latvia Register of Enterprises, except credit institutions, for   the purchase and sale of foreign currency as a business activity."

Credit Institutions (Lv, E)  List of Latvian Banks with their Websites (collected by the Financial and Capital Market Commission)

Financial and Capital Market Commission (Lv, E) "The goal of the Commission's activities shall be to protect the interests of investors, depositors and the insured, and to promote the development and stability of the financial and capital market."  Website includes financial and securities laws and regulations, market participants, and statistics.

Latvian Central Depository (Lv, E)  "Latvian Central Depository provides securities custody, clearance, settlement and information services in Latvia and also maintains state funded pension system."

Latvian Chamber of Commerce and Industry (Lv, E) The Latvian Chamber of Commerce and Industry (LCCI) is a non-governmental, politically neutral, voluntary organization of Latvian companies of different sectors, covering the entire territory of Latvia, operating in line with internationally accepted principles of Chambers of Commerce, creating a favorable business environment, representing economic interests of Latvian enterprises and offering business promotion services. LCCI represents business interests through a dialogue with national and local governments, and participates in the drafting of commercial legislation in Latvia. LCCI also provides a regular flow of reliable business information, both domestically and internationally, and contributes to the development of Latvia's foreign trade.

Latvian Insurers Association (Lv, E)  "Latvian Insurers Association (LIA) is a public institution, which was founded on 12 August, 1993, by joint stock insurance companies registered in the Republic of Latvia. LIA represents the common interests of the insurance industry of Latvia. The association discusses issues that are relevant to the insurers, as well as informs the society about topics significant for the clients. LIA unites 16 insurance companies ( 11 non-life and 5 life), which control approximately 98% of the total Latvian insurance market. Our members offer all kinds of insurance including motor, property, health, life, as well as pension and savings insurance."

Ministry of Finance of the Republic of Latvia (Lv, E)  "The main functions of the Ministry are to plan and supervise the implementation of the Government's macroeconomic, fiscal, and economic policies.  Main duties of the Ministry of Finance are:  preparation of legislation, planning of state revenues and expenditures, management and supervision of the state budget spending process, drafting annual budget proposal for the government, customs and tax administration, etc."

Riga Stock Exchange (Lv, E)  "Riga Stock Exchange is the only regulated secondary securities market in Latvia."

 

Return to Kaupins' Latvian Internet Resource Page