Bilateral relations between Riga and Crimea to be strengthened

On June 21 during an official visit to the Autonomous Republic of Crimea, the Deputy Chairman of Riga City Council Andris Ameriks and the Head of Riga Tourism Development Bureau Vita Yermolovich met the Vice-Prime Minister of Crimea Valery Palchuk and the Tourism Minister Alexander Liev to discuss the prospects of cooperation between Riga and Crimea.

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Latvian Embassy in Russia to go to electronic visa application forms from 1 April

From April 1, 2012, Latvian Embassy in Russia go over to the electronic visa application forms, according to the report of the embassy on Thursday.

“Given the positive experience of using electronic visa application forms for a sufficiently long period of time, it was decided, with effect from 1 April 2012, that Latvian Embassy in Russia should accept only filled electronic visa application forms”, – said in the statement.

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In Latvia, Waffen SS Legion calendar went on sale

In Latvia, another scandal concerning the propagation of fascism is flaring up.

The calendar depicting the Waffen SS legionnaires went on sale there.

People in Nazi form are standing on the background of flags of Latvia, and every page has an anti-Soviet slogan.

Unforgettable holidays in Hayastan

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Holidays, trips, fun…

Holidays, trips, fun… During the working period most of us dream of, expect, make arrangements for and at last get holiday. No doubt we are unlike that’s why people tend to have a great variety of likes. Some are incapable of having a rest not having warm salty sea water, sand, beautiful views, warm climate together with getting tanned. Some can’t live without camping and exciting mountain journeys, including reaching the mountain tops, fires as well as sleeping under the sky.

Swedbank in Latvia showed record profits and reduction of loan book

Financial group Swedbank in Latvia in the first quarter of 2011 worked at a profit, which amounted to 21.6 million lats, whereas in the same period last year Latvian group Swedbank worked with losses.

However, it was noted in the report of Swedbank that it was in Latvia (in comparison with other countries) where there is Swedish financial services group, by the end of first quarter of 2011 compared to the same period last year there was the most rapid decrease in the loan portfolio.

Profits of management of Latvian banks grew

In the first quarter this year, the expenditures of Latvian banks for payments of salaries to the members of boards and councils of credit institutions as compared to the same period in 2010 rose by 160,000 lats (9.2%) and amounted to 1.89 million lats.

Financial and Capital Market Commission – FKTK- provides this data. Bank expenses for salaries to professional staff not occupying the main leadership positions for the year were increased by 3% and amounted to 33 million lats.

Expert: half of Latvian economy is “black”

The Deputy Chairman of the Council of Small and Medium Enterprises at the Chamber of Commerce, Guntis Vilnitis believes that the percentage of “black” economy and “black” market may reach 50-60% in Latvia, as reported by the program De facto.

As we know, last week the Riga Graduate School of Economics presented an analysis of the shadow economy in Latvia.

After seven centuries of foreign domination, Latvia is again independent…

After seven centuries of foreign domination, Latvia is again independent, and is transforming into an economically strong and democratic state, ready for the challenges of the 21st century.

Despite the fact that history of the country began 3000 years ago, people living in four main areas – Latgale, Zemgale, Kurzeme and Vidzeme – had no central government, though they were lucky traders.