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Latvia: Arnis Balcus' Photoblog

Arnis Balcus has started a Latvia photoblog: “Here I want to display my findings because the things that interest me are very often taken for granted and passed away unnoticed. These are little things that one day will disappear, for instance, architecture and its elements that remind of Soviet times or construction sites that come [...]

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Strasbourg court orders Latvia to compensate WWII veteran

MOSCOW, July 24 (RIA Novosti) - The European Court of Human Rights has ordered Latvia to pay World War II veteran Vasily Kononov 30,000 euros ($47,000) in damages, the court said on Thursday. Kononov,...

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Latvia ‘Europe’s crime capital’

RIGA - Latvia has the highest crime rate in the EU and the second highest in Europe, according to a recent report. In a report titled “Europe’s Crime Capitals,” Forbes business magazine claimed that only Turkey has a higher crime rate than the Baltic state. “The most popular activities for organ

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Scheunemann, Payne, Latvia, and Iraq

TPMM recaps McCain adviser Randy Scheunemann's ties to disgraced Republican influence peddler and petro-lobbyist Stephen Payne through their mutual interest in Latvia. While researching the Scheunemann/Payne/Latvia connection, this news item caught my eye. Payne and Scheunemann met jointly in 2003...

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Campaign Adviser Lobbied McCain On Latvia, Then Stephen Payne Took Credit

Sen. John McCain's campaign has admitted that his top foreign policy adviser has lobbied for not two but three different firms run by cash-for-access deal-maker Stephen Payne. But the McCain camp insists that Randy Scheunemann did not lobby McCain himself...

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Fitch stays negative about Latvia

LONDON - Rating agency Fitch maintained its wary estimation of Latvia on July 23rd by giving the country's Long-term Issuer Default outlook as 'Negative'. "The Latvian economy is clearly undergoing a sharp slowdown after an extended period of overheating," said Eral Yilmaz, Associate Director in

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Hansabank: negative growth ahead

RIGA - Latvia’s economy should hit bottom in the fourth quarter of this year or early next year before mounting a solid recovery back to positive GDP growth, say analysts at Hansabank Markets, the financial division of Latvia’s Hansabanka. “The lowest point in the current economic cycle is expected

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Tough times encourage restructuring

RIGA - The number of equipment leasing transactions in Latvia’s industrial leasing market is increasing, while commercial transport leasing company customers are sitting on the sidelines, says Nordea Finance Latvia board chairman Ivars Smits. Overall, he says that the number of transactions in com

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Russia promises more oil

RIGA - In a sudden about-face over statements made in early July that Russia would halt transit cargo through the Baltic states’ ports, Russian Ambassador to Latvia Alexander Veshnyakov has said that “Russian interest in the Baltic ports will not disappear.” “I do not think that transportation of

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Balts among world’s least ‘happy’

RIGA - A recent survey has found that citizens of the Baltic states are some of the unhappiest people in the world. The study, which was conducted by the U.S.-funded World Values Survey organization, ranked Estonia, Latvia and Lithuania in 84th, 85th and 86th place, respectively. The survey was cond

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Riga deal in hands of lawyers

WANDERERS’ hopes of signing Levante striker Mustapha Riga rest in the hands of the player’s lawyers.

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Westcott Joins KHL

from Puck-rakers, Former Blue Jackets defenseman Duvie Westcott has signed to play with Dinamo Riga (Latvia) of the Continental Hockey League (KHL). Westcott was bought out of the final two years of his contract by the Blue Jackets this summer, meaning he’ll earn $600,000 plus from the Jackets over the next four years. He tried to get a one-way contract in the NHL, but found no takers. continued

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The First day in Riga - Riga, Latvia

Jump to the full entry & travel map Riga, Latvia It´s now the first day in riga and we had a good time, we was in old city and wach old buildings and stuff. That part of the day was not so funny I most say, but after a time in old riga we went to a place named Lido. In that place you could eat a kind of buffé, you walk around in a room and pick food that you want and lay it on your plate. And then...

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SEB joins pan-Baltic bourse list

Skandinaviska Enskilda Banken AB (SEB) has been approved as a member on the NASDAQ OMX Baltic Market stock exchanges in Tallinn, Riga and Vilnius, becoming the 27th pan-Baltic member in the process. SE

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Current accounts need to be sorted - UniCredit

RIGA - UniCredit, which operates the largest banking network in Central and Eastern Europe (CEE), is the latest source of thought-provoking predictions about the state of the Baltic economies in general and the Latvian economy in particular. In a briefing note issued July 22nd, Unicredit's De