Some new signs have appeared in approaching economic governance in the European Union. They have been revealed during the European Council summit that took place in Brussels (4-5 February, 2011). It is about additional intergovernmental approach to national economic and financial policies.

The Hungarian Ministry for National Economy has always been giving high priority to keep all the foreign experts, analysts and journalists well-informed about the actual economic issues in Hungary.

Finnish Trade center –Finpro insure assistance to Finnish companies in entering international markets including Baltic countries and particularly Latvia. Finpro has its own office in Lithuania. Finpro activities in Latvia are provided by Finpro partner – FinBalt Consulting Ltd. FinBalt Consulting offers export market entry assistance as tailored market analyses, partner identification and attraction both for entering Latvian and Finnish markets.

Eugene Eteris, European Studies Faculty, RSU
The summit, which took place at the end of last week, has been the one needed a resolute support of all member states. It was about both the new budget and the ways out of the present crisis. The views varied, and so were the approaches to crisis management. The summit’s outcome balanced on compromises among there main policy players – France, Germany and the UK.

Eugene Eteris, Baltic Course
More than ever before, the Baltic States needed coordinated and efficient industrial policies. The whole progress of these states heavily depends on this sphere. Present crisis has shown that solid economic growth can only be placed on the shoulders of the efficient productive sector, best of industrial character. The Commission at the end of October has voiced this message; politicians in the Baltics have to take urgent measures.

Maroš Šefčovič, Vice-President of the European Commission-Responsible for inter-institutional relationship and administration discussed the new role of national Parliaments under the Lisbon Treaty (taking the Spanish Parliament as a practical example in the dialogue with colleagues from the Cortes Generales).

Below are statistics on the purchasing prices for agricultural products in Latvia from 1995 to 2009, as well as some positions were compared with retail prices of the same period.

The statistical analysis of the tourism industry in Latvia

The below shows the situation of income of Latvian inhabitants in 1998 to 2009 years. These indicators are compared with the national minimum monthly wage, the subsistence level consumer basket per one person and with the average monthly income of pensioners in Latvia.

Stability part of voluntary Financial Sector Assessment Program now mandatory — 25 biggest, most interlinked financial sectors to get IMF review every five years, — Decision strengthens, integrates IMF’s financial, economic surveillance
Economies with financial sectors that have the greatest impact on global financial stability are now required to undergo in-depth reviews of their financial health by the International Monetary Fund every five years.

The European Neighbourhood and Partnership Instrument (ENPI) is the Financial Instrument under which EC assistance to Eastern Europe, Southern Caucasus and South Mediterranean countries is provided since 1st January 2007

Data for 2009 and 2 nd quarter of 2010 on the main economic indicators