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Topic: Economy of Latvia


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In the News (Thu 3 Dec 09)

  
  Economy - Latvia - Europe
Latvia was a constituent republic of the USSR from 1940 to 1991.
Today the economy of Latvia is among the healthiest of the former Soviet republics.
In December 1997 Latvia and Lithuania were among five Eastern European countries invited to join the EU as part of its second round of expansion; no timetable was set for that expansion.
www.countriesquest.com /europe/latvia/economy.htm   (858 words)

  
  Latvia - Wikipedia, the free encyclopedia
Latvia, officially the Republic of Latvia (Latvian: Latvija or Latvijas Republika), is a country in north-eastern Europe.
Latvia has no territorial claims towards Russia, but demands an acknowledgement from Russia of the annexation of the small part of the Abrene region, since this land was previously part of Latvia and was detached from it by the Soviet Union.
Latvia's population has been multiethnic for centuries, though the demographics shifted dramatically in the 20th century due to the world wars, the repatriation of the Baltic Germans, the Holocaust, and the Soviet occupation.
en.wikipedia.org /wiki/Latvia   (3685 words)

  
 Latvia. The Columbia Encyclopedia, Sixth Edition. 2001-05   (Site not responding. Last check: 2007-11-05)
Latvia falls into four historic regions: North of the Western Dvina (Daugava) River are Vidzeme and Latgale, which were parts of Livonia; south of the Dvina are Kurzeme and Zemgale, which belonged to the former duchy of Courland.
Latvia is largely a fertile lowland, drained by the Western Dvina, the Venta, the Gauja, and the Lielupe.
Latvia’s independence from the Soviet Union was recognized by the Russian SFSR in August and conceded by the Soviet Union in Sept., 1991.
www.bartleby.com /65/la/Latvia.html   (1209 words)

  
 Latvia - MSN Encarta
Latvia, country in northeastern Europe, nestled between Lithuania and Estonia on the eastern shore of the Baltic Sea.
It is bounded on the west by the Baltic Sea, on the north by Estonia and the Gulf of Rīga (a deep inlet of the Baltic Sea), on the east by Russia, and on the south by Belarus and Lithuania.
Latvia is a land of numerous rivers, lakes, and wetlands.
encarta.msn.com /encnet/refpages/RefArticle.aspx?refid=761577313   (752 words)

  
 Latvia economy
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Latvia images are licensed from World66.com under, and are hereby subject to, the Creative Commons License.
www.latvia-guide.com /Culture-Information-in-Latvia/latvia-economy.html   (158 words)

  
 Economy of Latvia - Wikipedia, the free encyclopedia
This recovery was interrupted twice, first by a banking crisis and the bankruptcy of Banka Baltija, Latvia's largest bank, in 1995 and second by a severe crisis in the financial system of neighbouring Russia in 1998.
Latvia's state budget was balanced in 1997 but the Russian financial crisis of 1998 resulted in large deficits which are being slowly reduced, from 4% of GDP in 1999 to 1.8% in 2003.
Latvia and the United States have signed treaties on investment, trade, and intellectual property protection and avoidance of double taxation.
en.wikipedia.org /wiki/Economy_of_Latvia   (946 words)

  
 Latvia - ECONOMY
It had been widely assumed that Latvia would be one of the leaders in privatization because of its experience with a market economy as an independent state from 1920 to 1940 and because of a latent antipathy to communism.
As early as 1990, Moscow had prepared a privatization plan for Latvia, which assigned 51 percent of the shares of industries to their workers, with the remainder to be divided between Latvia and the rest of the Soviet Union.
Latvia appears to be tackling them with vigor and determination, however, and major improvements in the investment climate have already been achieved.
www.mongabay.com /reference/country_studies/latvia/ECONOMY.html   (5389 words)

  
 Latvia (04/06)
Terrain: Fertile low-lying plains predominate in central Latvia, highlands in Vidzeme and Latgale to the east, and hilly moraine in the western Kurzeme region.
Forty-one percent of Latvia's population is ethnically non-Latvian, yet almost three-fourths of all residents are citizens of Latvia Naturalization criteria include a conversational knowledge of Latvian, a loyalty oath, renunciation of former citizenship, a 5-year residency requirement, and a basic knowledge of the Latvian history.
Latvia's defense concept is based upon four basic pillars--collective defense as a member of NATO, professionalization of the armed forces, support and coordination with civil society, and international military cooperation.
www.state.gov /r/pa/ei/bgn/5378.htm   (4596 words)

  
 Latvia - Economy - The Soviet Period
During this period of awakening, the argument was clearly made and understood: if Latvia had remained independent, its standard of living would have been similar to that of the Baltic states' northern neighbor, Finland, a standard that was obviously significantly higher than that of Latvia.
Thus, on July 27, 1989, Latvia passed a law on economic sovereignty that was somewhat nebulous but whose direction was clear--away from the centralizing embrace of Moscow.
Although the percentage of the Latvian economy controlled exclusively by Moscow remained about the same (37 percent), the share of the economy controlled jointly declined from 46 to 21 percent, and the share exclusively under Latvia's jurisdiction increased from 17 to 42 percent during this period.
countrystudies.us /latvia/17.htm   (663 words)

  
 Latvia Economy
At the same time, Latvia's current account deficit (ranging from 12% to 14% of GDP over the past 3 years) remains one of the key vulnerabilities of the Latvian economy.
Foreign investment in Latvia remains high, as both Western and Eastern investors are trying to establish a foothold in the new EU member state as well as to take advantage of Latvia's stable macroeconomic environment, central location in the region, and cheap labor.
In the long term, continued high economic growth in Latvia will depend on further improvements of the business environment, particularly successful drive to reduce corruption and strengthen the rule of law, and on Latvia's ability to use the opportunities presented by EU membership.
www.traveldocs.com /lv/economy.htm   (874 words)

  
 Latvia Offshore Banks   (Site not responding. Last check: 2007-11-05)
In 2000, Latvia's transitional economy recovered from the 1998 Russian financial crisis, largely due to the SKELE government's budget stringency and a gradual reorientation of exports toward EU countries, lessening Latvia's trade dependency on Russia.
Latvia officially joined the World Trade Organization in February 1999 - the first Baltic state to join - and was invited at the Helsinki EU Summit in December 1999 to begin accession talks in early 2000.
Latvia projects 6% GDP growth, 2.5%-3.0% inflation, and a 1.7% fiscal deficit in 2001.
www.worldoffshorebanks.com /latviainfo.html   (218 words)

  
 Economy of Latvia
Foreign investment in Latvia remains high, as both Western and Eastern investors are trying to establish a foothold in the new EU member state, as well as to take advantage of Latvia's stable macroeconomic environment, central location in the region, and cheap labor.
Representing 7.1% of Latvia's total foreign direct investment, the U.S. FDI stock in Latvia stood at $184 million at the end of 2002.
In the long term, continued high economic growth in Latvia will depend on further improvements of the business environment, particularly successful drive to reduce corruption and strengthen the rule of law, and on Latvia's ability to use the opportunities presented by EU membership.
infotut.com /geography/Latvia/Economy   (723 words)

  
 Economy of Latvia: Facts and details from Encyclopedia Topic   (Site not responding. Last check: 2007-11-05)
The republic of latvia (latvian: latvijas republika), or latvia (latvian: latvija), is a country in northern europe....
Latvia's state budget was balanced in 1997 but the Russian financial crisis of 1998 resulted in large deficits which are being slowly reduced, EHandler: no quick summary.
Economy of Europe[Follow this hyperlink for a summary of this subject]
www.absoluteastronomy.com /encyclopedia/e/ec/economy_of_latvia.htm   (1218 words)

  
 Latvia - Gurupedia
The Republic of Latvia is a republic in Northeastern Europe.
Baltic Sea, Latvia is known as one of the Baltic States, together with Estonia and Lithuania, which border the nation in the north and south, respectively.
Latvia officially joined the World Trade Organisation in February 1999 and the European Union in May 2004.
www.gurupedia.com /l/la/latvia.htm   (511 words)

  
 [No title]   (Site not responding. Last check: 2007-11-05)
Although 1997 and 1998 were turbulent years for the world economy, especially for the developing countries, Latvia managed to prove itself as one of the most successful and financially most stable economies.
It should be emphasised once again that behind all these positive developments of the national economy in Latvia were long-term stability orientated economic policies pursued by the Bank of Latvia and national government.
Although the Bank of Latvia is technically prepared to switch the peg to the Euro at any time and the central bank is fully authorised to do so, the Bank of Latvia feels obliged to consider thoroughly all possible consequences of revising the exchange arrangement.
ecu-activities.be /documents/publications/publication/1999_2/47_14.html   (3329 words)

  
 Latvia Background Paper Foresight Cyprus   (Site not responding. Last check: 2007-11-05)
Forecasting in professional way in Latvia is done in governmental structures: in the Ministry of Economy, the Ministry of Finance, the Bank of Latvia (central bank), Ministry of Transport and by largest energy companies - JSC Latvijas Gaze (gas) and JSC Latvenergo (electricity).
The Ministry of Economy has modelled two possible long term scenarios of the Latvian economy for the time period until the year 2025 on the basis of analysis of growth factors.
If Latvia developed according to Scenario II per capita GDP in 2025 by 38% would exceed the average level of EU member states in 1995 and would equal to 80% of the average level of these states in 2025 (in 1997 in Latvia this was 27%).
www.jrc.es /projects/enlargement/FN/ThematicNetworkMeetings/Nicosia-00-03/Positionpapers/Latvia.htm   (1161 words)

  
 Latvia on Encyclopedia.com   (Site not responding. Last check: 2007-11-05)
LATVIA [Latvia], Latvian Latvija, officially Republic of Latvia, republic (2005 est.
Latvia falls into four historic regions: North of the Western Dvina (Daugava) River are Vidzeme and Latgale, which were parts of Livonia ; south of the Dvina are Kurzeme and Zemgale, which belonged to the former duchy of Courland.
Latvia on the Way to the European Union.
www.encyclopedia.com /html/L/Latvia.asp   (1338 words)

  
 Economy of Latvia
Economy - overview: In 1999 Latvia, a transitional economy, experienced zero GDP growth as it continued to feel the impact of the August 1998 Russian financial crisis.
Latvia officially joined the World Trade Organization (WTrO) in February 1999 - the first Baltic state to join - band was invited at the Helsinki EU Summit in December 1999 to begin accession talks in early 2000.
Latvia projects 3.5% GDP growth, 3% inflation, and a 2% fiscal deficit in 2000.
www.fastload.org /ec/Economy_of_Latvia.html   (859 words)

  
 LATVIA
An analytical evaluation of living conditions in Latvia was recently done on the basis of the study in 1994 and another in October 1999, and was run by the Latvian Central Statistical board (CSB) and the Norwegian Institute for Applied Social Research (CSP, 2001).
Latvia in the same time is a sending, receiving and transit country for sex workers from various former soviet bloc countries.
Latvia is also the member of the International Convention for the Suppression of the Traffic in persons and of the Exploitation of the prostitution of others of the year 1949.
www.policy.hu /kalikov/LATVIA.html   (9599 words)

  
 Latvia, a new emerging economy
Latvia cannot ignore its large neighbour, Belarus, four times its size in population and territory, despite its unsavoury political leadership in the regime of President Alexander Lukashenka, just made head of state in perpetuity in a dubious referendum.
A Belarus economy forum (officially referred to as Days of Belarusian Economy in Latvia) was held in Latvia on November 4th-7th.
Latvia plans to borrow €150m (100.6m lats) from the European Investment Bank (EIB) to co-finance 2004-2006 projects funded by the European Union (EU), Finance Ministry's press secretary Baiba Melnace told LETA recently.
www.newnations.com /archive/2004/December/lv.html   (1198 words)

  
 Economy - Latvia - (Legal500.com)
This revival was largely due to the government's stringency, gradual reorientation of exports towards EU countries and the lessening of Latvia's trade dependency on Russia.
Latvia has one of the highest economic growth rates in the EU and future expectations are extremely positive.
Foreign investment is welcomed in Latvia and, according to The Economist Intelligence Unit, the country has one of the most attractive transition economies for foreign investors, owing to its dynamic economic growth and progress in structural reforms.
www.icclaw.com /lfe/edit/lt5.htm   (388 words)

  
 All About Latvia: It's the Economy, Stupid   (Site not responding. Last check: 2007-11-05)
If Latvia concentrated on attracting such foreign investment – whether that is foreign firms moving their operations to Latvia, or foreign investment to startup Latvian businesses – it would achieve a twofold purpose.
Latvia should be playing to its current strength, which includes cheaper labor.
"Latvia is the poorest nation in the European Union; the average Latvian earns less than $4,000 a year.
www.allaboutlatvia.com /article/383/its-the-economy-stupid   (702 words)

  
 Economy in the Republic of Latvia
Latvia’s impressive progress proves the success and effectiveness of long-term oriented economic reforms and shows Latvia’s capacity to cope with competitive pressure.
At the end of 1997, Latvia’s exports and imports to the EU comprised 49% and 53% of total exports and imports respectively, while in the first seven month of 1998 the EU share of Latvia’s total exports and imports grew to 52.7% and 55.6% respectively.
Latvia has well-developed education system, that is one of the most important preconditions for productivity growth.
www.randburg.com /lv/economy.html   (561 words)

  
 Economy Of Latvia, Latvia Economy, Statistics on Latvia Economy, Latvia Economy Overview
Economy Of Latvia, Latvia Economy, Statistics on Latvia Economy, Latvia Economy Overview
Latvia is an upper Middle Income Economy comes under Europe and Central Asian region, according to the classification made by the World Bank on the basis of income and region for year 2006.
Latvia is one of the growing economies in Europe.
www.economywatch.com /world_economy/latvia/index.html   (106 words)

  
 Latvia Country Guide
Situated in the Baltics, Latvia was initially part of the Soviet Union until September 1991 when it was officially recognised as an independent state.
The current economic “bubble” which has seen the economy grow by over 10% in 2006 is worrying many economic observers who believe that it is not sustainable.
While Latvia has yet to really be embraced by the world tourism industry, there are signs of more interest in the area.
www.expatforum.com /articles/country-guides/latvia-country-guide.html   (661 words)

  
 Economy Of Latvia   (Site not responding. Last check: 2007-11-05)
Latvia's transitional economy recovered from the 1998 Russian financial crisis, largely due to the SKELE government's budget stringency and a gradual reorientation of exports toward EU countries, lessening Latvia's trade dependency on Russia.
If you would like to use this flag of Latvia or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page.
If you would like to use this map of Latvia or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page.
www.appliedlanguage.com /country_guides/latvia_country_economy.shtml   (419 words)

  
 Economy & Environm.   (Site not responding. Last check: 2007-11-05)
The period 1991 - 1993 saw a rapid decline in the economy of Latvia.
Together with the reduction of waste water discharge of about 65% this resulted in a decrease of the average nitrogen concentration in the lower parts of the five major Latvian rivers of about 50% (mean annual concentration 2 mg/l in 1996).
Since Latvia is traditionally a transit country, particular parts of the transport sector are growing very fast: long distance road cargo transport and cargo shipped in the ports of Riga and Ventspils.
www.vkmc.vdc.lv /soe96/Air/econ_env.html   (615 words)

  
 Latvia Economy: from the All Country Info reference guide to country facts
In 1999 Latvia, a transitional economy, experienced zero GDP growth as it continued to feel the impact of the August 1998 Russian financial crisis.
Latvia officially joined the World Trade Organization (WTrO) in February 1999 - the first Baltic state to join - band was invited at the Helsinki EU Summit in December 1999 to begin accession talks in early 2000.
Latvia projects 3.5% GDP growth, 3% inflation, and a 2% fiscal deficit in 2000.
www.allcountryinfo.org /latvia/latvia_economy/latvia_economy.shtml   (292 words)

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