Latvia: the Long Road to the Euro

... comparison, in 2013, Latvia (25th position) was overtaken only by Estonia (21st). In the similar 2011 rating, Latvia was only 31st , which conclusively points to the efficiency of Mr. Dombrovskis' investment stimulation policy. As for the gap between Latvia and its Baltic neighbors, the reason seems to lie in Estonia's adoption of the euro, which inspired the World Bank economists to qualify the country as more comfortable for business. In the medium term, the relative similarity of the Estonian and Latvian economies ...