OECD Secretary-General Angel Gurría today welcomed the passage into law of Latvia's “Public Persons Enterprises and Capital Shares Governance Law”.
The decision of the OECD Council in 2013 to invite Latvia to begin the process of joining the Organisation is a strong statement by OECD countries. It shows their confidence in the strategic directions, achievements and capabilities of the Latvian government. It is a message which will be translated into more and better investments in Latvia; more and better jobs for Latvians; said OECD Secretary-General.
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The typical teacher in lower secondary education in Latvia is a 47 year old woman, who reports having 22 years of teaching experience and who completed a teacher education or training programme. Teachers in Latvia report spending 84% of their lesson time on actual teaching and learning, and 90% teachers report overall satisfaction with their job.
The international community continues making progress toward greater cooperation to ensure effective information exchange in tax matters. The Global Forum on Transparency and Exchange of Information for Tax Purposes issued today 12 new reports that highlight action being taken by jurisdictions to implement the international standard for exchange of information on request.
The Global Forum is charged with in-depth monitoring and peer review of the implementation of the international standards of transparency and exchange of information for tax purposes. Phase 1 reviews assess the quality of a jurisdiction’s legal and regulatory framework for the exchange of information, while Phase 2 reviews look at the practical implementation of that framework.
Latvia has taken an important step on the road to OECD membership by completing the process to become a member of the OECD Anti-Bribery Convention. Latvia will become the 41st Party to the OECD Anti-Bribery Convention on 30 May 2014.
In 2012, international tourists in Latvia spent a total of LVL 383.6 million (EUR 545.8 million), an increase of 1.1% on 2011. Tourism is considered one of the country’s prime economic development opportunities, an important source of export revenue, and a key contributor to GDP.
Latvia has taken an important first step in accession discussions with the OECD by delivering an Initial Memorandum
The Baltic countries have experienced sustained emigration over the past decade, contributing to population decline and a loss of working-age population. The impact is felt strongly in the labour market, the general economy and in social developments. The Baltic countries are not alone in tackling these challenges. This book brings together the recent experience of various OECD countries in developing policies to cope with emigration.
Since taking office in 2009, Prime Minister Dombrovskis has drawn on his considerable experience as an economist and former Finance Minister to lead his country in its recovery from the effects of the global financial crisis. And we are glad to note that this hard work is already beginning to pay off.