Latvia

Country Latvia
Capital Riga
Continent Europe
Currency Lats(LVL)
Languages Latvian

Information

Introduction

The name "Latvia" originates from the ancient Latgalians, one of four eastern Baltic tribes that formed the ethnic core of the Latvian people (ca. 8th-12th centuries A.D.). The region subsequently came under the control of Germans, Poles, Swedes, and finally, Russians. A Latvian republic emerged following World War I, but it was annexed by the USSR in 1940 - an action never recognized by the US and many other countries. Latvia reestablished its independence in 1991 following the breakup of the Soviet Union. Although the last Russian troops left in 1994, the status of the Russian minority (some 30% of the population) remains of concern to Moscow. Latvia joined both NATO and the EU in the spring of 2004.

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References

Latvia - Wikipedia
Latvia - CIA World Fact Book
Latvia - BBC
Latvia - Timeline - BBC

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Latvia fines LPB Bank 2.2 mln euros over anti-money laundering breaches - Reuters

Latvia fines LPB Bank 2.2 mln euros over anti-money laundering breaches
Reuters
RIGA, Oct 19 (Reuters) - Latvia's banking watchdog said on Friday it had fined LPB Bank, the fifteenth largest bank in the country by assets, 2.2 million euros ($2.53 million) for breaching anti-money laundering and terrorism financing (AML/CFT) rules.

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Latvia's general budget deficit estimated around EUR 155.7 million - bnn-news.com

bnn-news.com

Latvia's general budget deficit estimated around EUR 155.7 million
bnn-news.com
In 2017, general government budget deficit accounted for EUR 155.7 million or 0.6 % of the Gross Domestic Product and general government consolidated gross debt at the end of 2017 amounted to EUR 10 806.8 million or 40.0 % of the GDP. Compared to ...



Latvia's demographic trend continues to be negative - Eng.Lsm.lv

Eng.Lsm.lv

Latvia's demographic trend continues to be negative
Eng.Lsm.lv
Therefore the demographic balance in Latvia remains negative. During the first nine months of 2018, as the number of deaths exceeded the number of births, the population of Latvia declined by 6,936 people (in the corresponding period of 2017 it was 5,566).
Number of newborns continues to decline in Latviabnn-news.com

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Liepaja is Latvia's underwear capital - Eng.Lsm.lv

Eng.Lsm.lv

Liepaja is Latvia's underwear capital
Eng.Lsm.lv
"The most remarkable lingerie labels from Latvia will be presenting their latest collections during the fashion show at the event. Latvian lingerie manufacturers have positioned themselves as one of the market leaders when it comes to export, with ...



Latvia repulsed election day cyber-attack - Eng.Lsm.lv

Eng.Lsm.lv

Latvia repulsed election day cyber-attack
Eng.Lsm.lv
While the hacking of a social media site in Latvia on Saeima election day, October 6, made headlines, in fact the country was subjected to - and successfully repulsed - a wider cyber attack, reports Olga Dragileva of LTV's De Facto weekly investigative ...



Did a 'pro-Russian' party win big in Latvia? - StopFake.org

StopFake.org

Did a 'pro-Russian' party win big in Latvia?
StopFake.org
One of the most alarmist headlines came from the The Daily Express: “Latvia election result sparks EU crisis warning as pro-Russia party sweeps to success.” The British tabloid claimed that the results “set alarm bells ringing throughout the European ...



What will €270000 buy in France, Italy, Spain, Latvia and Co Laois? - Irish Times

Irish Times

What will €270000 buy in France, Italy, Spain, Latvia and Co Laois?
Irish Times
This 234sq m (2,518sq ft) house is on the outskirts of Riga, 10km from the centre of the Latvian capital. It is in the Jaunmarupe district, southwest of the city. On the ground floor of the sleek house, with tiled floors and white walls, are a ...



No People ,Big Problem': Democracy And Its Discontents In Latvia's National Elections - Social Europe

Social Europe

No People ,Big Problem': Democracy And Its Discontents In Latvia's National Elections
Social Europe
No people, no problem (??? ?????, ??????? ???????) is the quote often attributed to Joseph Stalin. Yet, if there is a lesson from Latvia's October 6, 2018 national election, the problem was not the oft-repeated histrionics about its electoral takeover ...
Government formation process in Latvia remains clouded by unanswered questionsbnn-news.com

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Latvia Probes Multiple Unnamed Banks Over North Korea Ties - Bloomberg

Bloomberg

Latvia Probes Multiple Unnamed Banks Over North Korea Ties
Bloomberg
3 lender and bribery charges against its central bank governor, the latest allegations stem from Oct. 4 action by the Treasury Department against SIA Falcon Group, which has an entity in Latvia. The U.S. froze its American property and interests, and ...
Latvia-linked company sanctioned by US over North Korea armsEng.Lsm.lv

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State Audit finds it difficult to follow use of funding for Latvia's Centenary events - bnn-news.com

bnn-news.com

State Audit finds it difficult to follow use of funding for Latvia's Centenary events
bnn-news.com
A total of EUR 59.1 million was allocated for festivities of Latvia's centenary in 2017-2021. EUR 13.2 million was used in 2017. Still, State Audit admits that the funding used in 2017 had exceeded planned expenses. A significant portion of funding was ...