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Latvia
HOME >> COUNTRY REPORTS >> Latvia
latvia map
Official name Republic of Latvia
Capital  Riga
Population  2,231,503
Currency  Latvian lat(LVL)
Official language   Latvian
GDP  $12,251

  STRENGTHS
  WEAKNESSES

One of the oldest open-air museum in Europe

Financial help from EU funds

There are no restrictions with regard to ownership of Latvian companies by foreign investors.

The average price of apartments rose during the year to April 2010 by 3.5%

Riga, which drives the Latvian property market, remains a hotspot

It is a bridge between East and West.

Latvian tourism is gradually integrating into the world’s tourism system.

Lack of prepared tourism products

Poor developed water transport

Poor service quality in small towns

Week government support for tourism

Lack of capital & investments

Danger of environmental damage

The highest inflation rates in the EU in recent years

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