Riga

Latvia c.bank interventions jump to 267 mln euros

RIGA, Nov 19 (Reuters) - Latvia's central bank last week spent 267.6 million euros ($337.8 million) to support the lat currency, the bank said on Wednesday. The intervention last week was a sharp rise from the 23 million euros...

Latvia celebrates 90 years since it first declared independence

Riga - Four regional presidents were to visit Latvia Tuesday to help the small Baltic republic celebrate 90 years since it first declared its independence from Russia. President Valdis Zatlers of Latvia will be joined by...

Latvia passes budget with deficit

RIGA – The Latvian parliament has passed a 2009 budget in the final reading with a 1.5 percent deficit. Prime Minister Ivars Godmanis told reporters after the six-hour parliamentary session that the budget was the most...

New exhibition documents homophobia at Riga Pride

A photographic exhibition in Glasgow featuring images from the disrupted Riga Pride 2008 is a "shocking" reminder of the hate, intolerance and violence still existing in Europe. Amnesty International said that supporters from...

UPDATE 2-Latvia eyes rescued bank debt rollover, outside help

By Patrick Lannin RIGA, Nov 14 (Reuters) - Latvia has consulted the European Union about possible aid and begun talks with creditors of stricken bank Parex on a rollover of almost $1 billion of debt due next year, officials...

Latvia talked with EU over aid after bank takeover

RIGA, Nov 14 (Reuters) - Latvia wants to solve its banking crisis without outside help, but has talked with the European Commission about aid, a government official said on Friday. No consultations have taken place with the...

Latvia to lose two fire stations due to budget

RIGA - The head of the Latvian State Fire and Rescue Service (VUGD) has said that the organization would be forced to fire 158 firemen and close down two fire stations if the proposed budget for the service is not increased....

UPDATE 1-Latvia c.bank slashes outlook, urges banks to lend

RIGA, Nov 13 (Reuters) - Latvia's central bank turned sharply negative in its outlook for the small Baltic country on Thursday, predicting the economy would shrink by at least 3.5 percent next year and state revenues plummet....

Small But Perfectly Formed – Why Riga is the New Baltic Stag Capital

since the fall of communism, with visitors heading to check out these beautiful medieval cities from all over the world. South of Riga is Vilnius, Lithuania which is the European Capital of Culture in 2009. Surrounded by hills,...

All eyes on the Baltic for next banking bail-out - Feature

Riga - State bail-outs of financial institutions have become almost commonplace in recent months, but still cause a mixture of surprise, fear and sometimes even panic when they are suddenly revealed. Surprise and fear certainly...

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