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News Japan welcomes first store of Latvian goodsRiga Collection, the first specialized store of Latvian-made goods, has opened in the Japanese capital of Tokyo. airBaltic traffic up 32% in JuneThe fortunes of airBaltic continue to rise following the ash-cloud crisis, much of it on the back of substantial route expansion from its main hub in Riga. Deflation afflicts services in LatviaConsumer prices tumbled by a further 1.4 percent in June, year-on-year, exacerbated by a clear fall in the cost of services. Economy Ministry raises 2011 growth forecastThe Latvian Ministry of Economy has raised the GDP growth forecast for 2011 from 2.5 percent to 3 percent. Ventspils touted as having high potentialA major port in Latvia has ranked fifth in a survey of the world’s top 25 free trade zones of the future. Highest apartment prices in the BalticsThe most expensive housing prices are no longer in Riga. Latvia still under pressureThe government of Latvia will be under pressure to cut budget costs for the forseeable future. Direct train service between Baltics and WarsawA precursor to what many in the Baltic countries hope will be a high-speed rail link between Berlin and the Baltics has been mentioned in Tallinn. Latvia has fastest broadband in EUThe fastest broadband Internet in Europe – and the second-fastest in the world – can be found in Latvia. This is the conclusion of research conducted this year by the US-based company Ookla, a global leader in broadband speed testing and web-based network diagnostic applications. Stress on speed in Parex sell-offsLatvia is to speed up the separation of the constituent parts of Parex Banka while creating a new commercial bank, which it then intends to sell off. The government has asked the country’s State Asset Sales Agency that holds the state’s shares in the bank to begin the process of building a new retail bank out of the Parex ashes. EU agency to be based in RigaIn a coup for Latvia, the head office of an EU agency set up to regulate Europe’s telecoms industry has been secured for permanent location in Riga. The new office will be opened this year. Positive changes in the Baltic economiesAdding to the chorus of voices that have been chanting the Baltic countries’ imminent recovery, the deputy governor of the Swedish central bank the Riksbank has stated that the three economies are quickly regaining competitiveness. EUR 71 million to be invested in Ventspils portThree large-scale projects will be implemented at the Port of Ventspils The future seems brighterThe hotel market in Latvia has been growing steadily, in terms of both demand and supply, since the country entered the European Union in 2004. Hotels Tallink Hotel RigaTallink Hotels opened its first hotel in Riga in April 2010.read more » AMBER SPA BOUTIQUE HOTELUnveiled in summer 2009, the Amber SPA Boutique Hotel is located 100 meters from the sea, providing 21 sizable suites decorated with natural fabrics and designer furnishings.read more » Royal Casino SPA & Hotel ResortA perfect choice for lovers of exclusivity, personalized service, and attention to detail, this hotel offers 17 well-appointed rooms including classic, executive and suites.read more » Hotel Old Riga PalaceThe Hotel Old Riga Palace offers a great location and good value for money.read more » Old City Boutique HotelThe Old City Boutique Hotel is situated in the heart of Riga’s Old Town, and it’s easy to feel the vibrant spirit of the city when you are close to such cultural mainstays as the Latvian National Opera and Riga’s best museums and landmarks.read more » |
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