The Head of the Bank of Latvia linked the situation in the economy with the situation in the EU countries

Latvia's ability to overcome the crisis due to the coronavirus pandemic is linked to the overall rise in European Union countries. About it, as the portal Nra writes. Lv, said the Head of the Bank of Latvia Martins Kazak, speaking at the meeting of the Commission of the Seimas (Parliament) on Budget and Finance. So far Latvia has performed well in its duties to limit the spread of the pandemic and the ability of companies to work. The main risks lie abroad how quickly Europe can cope with this, Kazak said. The head of the Central Bank said that now it is difficult to predict a fall in GDP, and it depends on whether a new wave of crisis will follow in the second half of the year. According to him, the measures of support for companies introduced during the crisis period cannot be hastily cancelled, and the state should continue to support business in the post-crisis period. According to the news agency, an emergency regime was introduced in Latvia from March 13 to May 12 due to the coronavirus pandemic. Classes in schools and sports sections were abolished and mass events were banned.