Latvia’s Economy Contracts Almost 18 Percent in Q4 2009

Well, as we say in English, it never rains but it pours. Latvia, which has had the deepest recession of all 27 European Union member states, contracted by nearly 18 per cent in the fourth quarter of 2009. 'Compared to the same period of 2008, gross domestic product (GDP) value has decreased by 17...

Latvia Is Back In The News, And Expect More To Come

The Latvian government is getting nervous about the level of lending coming from Swedish banks. According to the Financial Times, "Latvia’s prime minister has warned Swedish banks they risk choking off recovery ...

Tories’ EU policy ‘embarrassing’

Foreign Secretary David Miliband attacks Conservative policy on Europe as a "national embarrassment".

Eurozone jobless continues rising

The unemployment rate across the 16 countries that use the euro rises again as the effects of the recession continue to be felt.

Government policies add to pressures on publishers

TALLINN - Today there are approximately 100 printing companies in Estonia. The country’s joining the European Union in May 2004 encouraged and simplified foreign trade and communication, including in the publishing industry. The export volume from the Estonian printing industry has increased and...

Lithuanian printed media worships Sarkozy

VILNIUS - A combination of the emergence of competition from free dailies distributed in the trolleybuses and shopping malls, and the growth of the Internet, as well as diminishing advertising revenues has brought troubles for Lithuanian printed media. As if it was not enough, in the fall of las...

Publishing in Latvia – small in size but not in content

RIGA - Even though the publishing industry in Latvia cannot be compared in size to those in the UK, German or French markets, publishing houses issuing newspapers, magazines and books play a very important role in country’s everyday life. “The nation that does not read also does not think,” said...

Get a (new) life!

RIGA - Our main problem is that we tend to look more serious than we really are. About 97 percent of adult men and women would never go to a punk-rock concert. The reason for not going isn’t just because they don’t like that kind of music, but mostly because they think that this would be inappro...

Upcoming Events

Nazareth Oct. 1 Arena Riga The Prodigy World Tour Oct. 3 Skonto Hall, Riga Francis Goya Oct. 7 Vilnius Congress hall Oct. 10 Nokia Concert Hall, Tallinn Tango Passion Oct. 30 Congress Hall, Riga Toto Cutugno Nov. 14 Tallinn LinnaHall Placebo Nov. 17Arena Riga...

Winter fun is just around the corner

TALLINN - It might seem that winter is way too far off, but that’s what is special about the Baltic climate – winter can start in mid-October and last till the end of April. Winter comes along and brings its beautiful and pure white snow with it. Sure, sometimes it just gets too cold for comfo...