But forecast by the Bank of Latvia of inflation for 2005 puts it between 4 and 4.5% and we believe that by the time Latvia has to bring its inflation in line with the Maastricht criteria - by the end of 2006 and beginning of 2007 - we will be able to fulfil the inflation criterion as well.
This transformation can be expected to raise the potential of our economy to grow and to generate income gains in the decade ahead. Once the cyclical forces that are currently constraining investment and innovation are behind us, we should see productivity and income gains from past investments and adjustment. And the way will be clear for further innovation and growth.