Latvian Lats (LVL) Definition.

The Latvian Lats, also known as the “Lats” is the official currency of Latvia. It is subdivided into 100 santims. The Latvian Lats was introduced in 1922, replacing the Latvian Rublis. In Independent Latvia (1918-1940), the Latvian Lats was also the name of the currency. The Latvian Lats was re-introduced in 1993, replacing the Soviet … Read more

What is an asset haven?

The definition of safe-haven assets are those values ‚Äč‚Äčthat in times of uncertainty or crisis have a high probability of maintaining their benefits and even increasing them. Although safe havens are not the perfect investment, they can be a good option for long-term investors, especially because of their stability and growth over time. That they … Read more

What is outsourcing?

The term outsourcing or subcontracting implies that a requires the services of another in order to perform certain activities. Therefore, the external company is hired to be able to do certain necessary tasks in the main company. Typically, outsourcing is usually for services that have nothing to do with the main company or are not … Read more