News – Institute of Economics
Task of the science is to serve
people.

– Tolstoy –

Science is the captain, and
practice the soldiers.

– Leonardo da Vinci –

Frontiers of science are like the
horizon: the more we approach
it, the more it moves away.

– Boiste –

The fantasy is more important
than knowing.

– Albert Einstein –

Science – it means organized
knowledge.

– Spencer –

Freedom for the science the
same as the air for a living soul.

– Poincaré –

Research area of all sciences is
endless.

– Pascal –

System of science must be
looked at as the system of
nature: all in it is endless and
necessary.

– Cuvier –

Scientific plan without working
hypothesis is a skeleton without
living body.

– Hirschfeld-

The main research subject of
mankind is the human.

– Goethe –

All is important in science.

– Heine –

Books must be results of
sciences, but sciences not results
of books.

– Bacon –

Scientist is not the one, who
gives the right answers, but the
one, who asks the right
questions.

– Claude Lévi-Strauss –

The more we will seek for the
truth outside us, the more we
will move away of it. The more
we will be able to understand
who we are, the more the truth
will assert us in ourselves.

– Antonio Meneghetti –

Before being dictated the nature
needs to be obeyed.

– Bacon –

A true scientist is not one who
has more acquired, but one who
has more understood.

– Leibniz –

Science – to know how the
being acts. To know the action
of the being.

– Antonio Meneghetti –

Science is benefactor of
mankind.

– Berthelot –

Home » News

Institute of Economic of the Latvian Academy of Sciences recieved Ambassador Extraordinary and Plenipotentiary of Uzbekistan Kadambay Sultanov

At the September 3, 2020 the Institute of Economics of the Latvian Academy of Sciences received the Ambassador Extraordinary and Plenipotentiary of Uzbekistan Kadambay Sultanov. Topics important for Uzbekistan and Latvia such as economic diversification and strengthening the national economy in the conditions of the pandemic, the impact of Covid-19 on the economy and exports, globalization challenges in Europe and Asia, labor market development trends, raising the qualifications of Uzbek citizens to European market standards were discussed. and the development...
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Institute of Economics of LAS provides a scientific opinion on key success factors for Latvia management of COVID-19 crisis

At the June 16, 2020, Dr. Nina Linde, Director of the Institute of Economics of LAS has participated as a panelist in the Online Expert Seminar: “Latvia’s perspectives on pandemic: economic recovery and the future of EU policy”, organized by Polish Institute of International Affairs (PISM). The other participants of the seminar were Mrs. Alise Balode, Ambassador Deputy Permanent Representative of Latvia to the EU, Kinga Ras, chief expert on the Baltic countries from Polish Institute and Lukasz Jurczyszyn, Director...
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RTU professor researcher of LAS Institute of Economics Dr. oec. Jānis Vanags is visiting Latvian Radio 4

RTU professor, researcher of LAS Institute of Economics Dr. oec. Jānis Vanags visited Latvian Radio 4. During the interview, some economic topics were discussed. The current economic situation both in Latvia and worldwide was discussed. Jānis Vanags shared his own views and vision of what is happening in the world. Listen to the full recording here: https://lr4.lsm.lv/lv/raksts/aleksandr-studija/yanis-vanags-priznanie-neznanija-glavniy-priznak-umnih-lyudey.a132712/?fbclid=IwAR01cUbRukkJzQNZZkOGFQeIE2DyQkwLOlt_qVw0kUy94zfF6zUaaRBdM1U

Latvia economy briefing: Prospects of the Latvian economy for 2020 under the impact of the COVID-19

The exports of Latvia have been significantly impacted due to the Covid-19 crisis Data from the Central Statistical Bureau on foreign trade in Latvian goods in April this year show that the value of exports of goods amounted to 927.7 million euros, which was 13.9% lower than in April last year. The fixed decline in exports in April was the sharpest since October 2009, largely due to the effects of the pandemic. A significant decline in global external demand was...
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Latvia external relations briefing: Latvia sets challenging and ambitious Foreign Policy goals

Introduction As the Covid-19 crisis inevitably remains the most important challenge in the international system, Latvia continues to work actively together with other countries in order to mitigate the consequences of the crisis. However, it is important for the European Union (EU) to focus on the regular agenda as well, so that other important issues are discussed. In recent months, Latvia’s management of the Covid-19 crisis outbreak has been among the best in Europe and Latvia has showed relatively successful...
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Latvia economy briefing: Is Latvia a growing European innovator? Achievements and challenges for the Latvian society in innovation promotion

The European Commission’s European Innovation Rating 2020 Scoreboard, published by the European Commission, has recognised Latvia’s progress in promoting innovation. Latvia has the second highest performance in business activity among the European Union countries, thus more than twice exceeding the European Union average.[1] In 2019, Latvia was ranked 23rd in the competition of European Union Member States, stepping up by one place compared to the results of the 2018 survey, while maintaining its place in the group of “average innovators” whose...
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Latvia social briefing: Latvia’s education system in times of Covid-19

On March of 2020 the educational system of Latvia had to transform due to the Covid-19. The sudden shift outlined both the positive and negative aspects of the educational system of Latvia. Despite the flaws overall it was seen that the education system of Latvia had the capacity to adjust to the global changes in terms of education as overall students, parents, and teachers had valued positively the new conditions of distance learning.[1] Although the epidemiological situation in regards of Covid-19...
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Latvia political briefing: Latvia improves the efficiency of public services

The political developments of July 2020 mark multiple regulations within the fields of justice system and effective tool implementation in the governance sector. The State Digital Reform and establishment of Economic Court both highlight that Latvia is focusing on improving internal and external efficiency in multiple fields thus improving the pace of communication and decision-making process.  Latvia launches the State Digital Reform As with the year of 2020 the importance of information and technology sector experienced a rapid increase, both...
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Latvia political briefing: Prospects of Latvian political development in 2020

Within the past months of the Year 2020 Latvia has experienced significant changes in the political ecosystem of Latvia. This year has come with multiple pressing issues and variety of uncertainties to the politics of Latvia. As the healthcare challenges of the Covid-19 have been gradually fading it is seen that more focus will be put on the integration of the Municipal Reform, elections of the Riga City Council and prevention of negative economic impact due to the pandemic. Elections...
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Latvia external relations briefing: Latvia will become more integrated in Baltics and European Union

As Latvia is a relatively small economy the external cooperation between Baltic countries and European Union has been crucial for the recovery after economic and social  consequences caused by the Covid-19 crisis. Because of that it is seen that within the upcoming months Latvia’s  cooperation with both members of Baltic countries and European Union will continue to increase and Latvia will integrate even further within the European Union. Latvia could become more integrated in European Union  Evaluating the European Commission...
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