Citizens summary(25 kB)  

Convergence Reports examine whether Member States satisfy the conditions for adopting the single currency. Convergence reports are issued by the European Commission and the European Central Bank every two years, or more often if a country intending to join the euro requests it. These reports form the basis for the decision on whether a Member State may join the euro area.

The 2013 Convergence Report on Latvia, adopted on 5 June 2013, has been prepared upon the request submitted by Latvia on 5 March 2013. It contains the Report from the Commission and the accompanying Staff Working Document with a more detailed analysis of the fulfilment of the criteria.

The report concludes that Latvia fulfils all conditions for adopting the euro.