EU OKs Assistance for Latvia

The European Commission is providing $1.67 billion to Latvia, Reuters reported. "The Commission … will now proceed with the finalisation of the revised memorandum of understanding for signature by the Latvian government and (Monetary Affairs) Commissioner (Joaquin) Almunia, as well as the technical preparation of the second loan instalment which will be disbursed in the next weeks," said the commission's spokeswoman Amelia Torres.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.