After the first six months of 1999, there has been a visible upward trend of economic activity, particularly due to a much stronger performance in the service sector. Substantial number of Latvia’s export-oriented businesses have made concerted efforts to find new markets, and the geography of Latvian foreign trade has expanded as a result.
You will, by now, know that the parameters of the exchange rate policy were recently made public by the Honourable Minister of Finance and Development Planning. Indeed for 2014, the Pula basket weights are 55 percent for the South African rand and 45 percent for the Special Drawing Rights.