Latvian economic development monitoring 2015
Latvian economic development monitoring 2015 is an analytical overview about the government's actual accomplishments in 2015, according to its declaration in the fields of justice, education and science, national security and energy in regard to the recommendations of the European Commission, the OECD and other organizations. The analysis of the goals mentioned in the declaration was viewed in three key aspects:
1) What the government declared as an achievable goal
2) The actual government action and the real developments
3) Ratings and observations of sectoral experts and professionals
The previous government failed to substantially move towards the originally formulated reform directions last year, so 2016 should be regarded as the year to activate the changes, believe the Latvian economic development monitoring 2015 authors.
Last year the government has failed to decisively move forward in the education and science field. While the first post-election year was grateful for large changes, the reforms were carried out unevenly and at the end entered a stagnation phase.
Within the reporting period, current trends in the field of justice were marked by three major issues - reform of the judiciary, the insolvency process monitoring and public persons limited liability companies management. In all three areas the objectives declared by the previous government were achieved only partially.
Evaluating the processes of national security the experts recognized that in terms of the military capabilities the situation in Latvia has improved, but the international background has worsened, so Latvias main task is to strengthen its self-defence capabilities.
The government failed in the ambitious idea for the natural gas market regulation adoption in the energy policy. This creates a serious risk that the natural gas market opening will be delayed and will take place later than in 2017 as planned. As positive can be seen the electricity retail market liberalization, the support of the large electricity consumers with mandatory procurement components costs covering, as well as the energy companies work to ensure infrastructure connectivity.
The project is financially supported by Iceland, Liechtenstein and Norway. The Program is financed by the EEA Financial Mechanism and the Latvian state.
"Latvian economic development monitoring" is published with the support of the EEZ Financial Mechanism and the Republic of Latvia. The Economist Association 2010 is responsible for the content of the "Latvian economic development monitoring".