Latvia - Economic policy

Short-term priorities:

Assessment (November 2003)

Please refer to the fact sheets on the adoption of the Community acquis.

Medium-term priorities:

• regular review of the joint assessment of economic policy priorities within the Europe Agreement framework, focusing on satisfying the Copenhagen criteria for membership of the Union and the acquis in the area of economic and monetary policy (coordination of economic policies, submission of convergence programmes, avoidance of excessive deficits);
• while Latvia is not expected to adopt the euro immediately on accession, it is expected to pursue policies which aim to achieve real convergence in accordance with the Union's objectives of economic and social cohesion, as well as nominal convergence compatible with the ultimate goal of adoption of the euro.

Assessment (October 1999)

Latvian legislation has been amended to comply with the requirements of the European Union with a view to its participation in economic and monetary union.

Assessment (November 2000)

No progress has been made with this priority.

Assessment (November 2001)

No progress has been made with this priority.

Assessment (October 2002)

A large number of objectives have already been achieved on the basis of previous accession partnerships. The 2002 partnership report therefore focuses on very specific outstanding issues and does not provide an overview of Latvia's preparedness for economic and monetary union.

Assessment (November 2003)

Please refer to the fact sheets on the adoption of the Community acquis.

Following the signing of the Accession Treaty on 16 April 2003, Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia and Slovenia acceded to the European Union on 1 May 2004.

REFERENCES

Decision 98/263/EC of 30.03.1998Official Journal L 121, 23.04.1998

Decision 1999/854/EC of 06.12.1999Official Journal L 335, 28.12.1999

Commission Opinion COM(97)2004 finalNot published in the Official Journal

Commission Report COM(98)703 finalNot published in the Official Journal

Commission Report COM(1999)506 finalNot published in the Official Journal

Commission Report COM(2000) 706 finalNot published in the Official Journal

Commission Report COM(2001) 700 final - SEC(2001) 1749Not published in the Official Journal

Commission Report COM(2002) 700 final - SEC(2002) 1405Not published in the Official Journal

Commission Report COM(2003) 675 final - SEC(2003) 1203Not published in the Official Journal

Treaty of Accession to the European Union [Official Journal L 236, 23.09.2003]

Last updated: 19.11.2004