Latvia offered to issue long-term loans to businessmen


The Ministry of Economy of Latvia is working on permission for the state financial institution Altum to issue loans to entrepreneurs for up to 25 years. This was announced on May 7 by Latvian Minister of Economy Janis Vitenberg in an interview with Latvian Radio. Such long-term loans are important for business. Commercial banks are unable to offer such terms. For business, long-term lending could ensure sustainable development, Vitenberg said. According to him, the relevant project representatives of the Ministry of Economy of Latvia plan to present at the meeting of the Government of Latvia next week. 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.

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