Latvia’s most important business paper Dienas bizness and portal db.lv have today published an interview with Jeļena Buraja, the Chairman of the Executive Board of Rietumu Banka.
During the talk, Jeļena Buraja expressed her view on the top challenges currently facing Latvia’s banking sector and economy overall. She also put forward proposals on how to spur economic growth and unlock investments.
Jeļena Buraja proposes to determine and develop, at the country level, the fundamental idea regarding the country-wide economy, streamline the legislation, in particular tax legislation, place a greater emphasis on education, foster collaboration between public authorities and businesses, combat the shadow economy, and decrease the amount of cash in circulation.
The interview also focused on relevant issues as to why the key-interest-rate hikes hit Latvia’s economy much harder than other European countries; how the lending business is presently developing and which sectors have the highest growth potential in the future; what impact the commitment to ESG (environmental, social and corporate governance) principles exerts on the financial sector; etc.
The Q2 2023 financial statement of Rietumu Bank and Rietumu Group has been published.
