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Country name:

conventional long form: Republic of Latvia
conventional short form: Latvia
local long form: Latvijas Republika
local short form: Latvija
former: Latvian Soviet Socialist Republic

 

Capital:

Riga. Population: 717,371 (2008).
 

Location:

Eastern Europe, bordering the Baltic Sea, between Estonia and Lithuania

 

Description:

Latvia is situated on the Baltic coast and borders Estonia in the north, Lithuania in the south, the Russian Federation in the east and Belarus in the southeast. The country is divided into five broad regions: Riga in the north, Kurzeme and Zemgale in the west and Vidzeme and Latgale in the east. The country is reasonably flat. A long sandy coastline is backed in places by undulating sand dunes and low sea cliffs. In Latgale, in the east, the landscape is noticeably different with rolling hills and myriad lakes. Wherever you are in Latvia you don't have to travel far to find dense forest. In addition the country boasts about 12,000 rivers. Latvia's longest river, the Daugava runs through Riga. Meanwhile, the Gauja River is at the heart of the country's best-known nature reserve, the Gauja National Park.
 

 

Area:

total: 64,589 sq km
land: 63,589 sq km
water: 1,000 sq km

 

Population:

2.3 million (2008).

 

Languages:

Latvian is the official language. Russian, English and German are widely spoken. Latvian belongs to the Baltic language group, part of the Indo-European language family. The language has three main dialects, with the Latgallian dialect, spoken in the eastern part of Latvia, especially distinctive.

 

Climate:

To the west the Latvian coast benefits from a maritime climate, while the hinterland in the east has a continental climate. Between June and September, days are pleasantly warm and often sunny. Winters are long and harsh, with temperatures in Riga rarely rising above freezing between December and March, even in April they can be as low as 5??C. Rainfall is distributed throughout the year with the heaviest rainfall in August. Snowfall is common in the winter months
 

 

Economy - overview:

Latvia's transitional economy recovered from the 1998 Russian financial crisis, largely due to the government's strict budget and by moving exports toward EU countries, easing Latvia's trade dependency on Russia. The majority of companies, banks, and property have been privatised, although the state is still involved in a few large enterprises.
Latvia officially joined the World Trade Organisation in 1999. EU membership, a top foreign policy goal, came in May 2004.
In 2008 unemployment stood at 5.5%, compared to 6.8% in 2006. Inflation that ran as high as 10.1% in 2007 meant that Latvia was unable to join the Euro in January 2008.

Economy:

Latvia's transitional economy recovered from the 1998 Russian financial crisis, largely due to the government's strict budget and by moving exports toward EU countries, easing Latvia's trade dependency on Russia. The majority of companies, banks, and property have been privatised, although the state is still involved in a few large enterprises.
Latvia officially joined the World Trade Organisation in 1999. EU membership, a top foreign policy goal, came in May 2004.
In 2008 unemployment stood at 5.5%, compared to 6.8% in 2006. Inflation that ran as high as 10.1% in 2007 meant that Latvia was unable to join the Euro in January 2008.
 

 

Industries:

buses, vans, street and railroad cars, synthetic fibers, agricultural machinery, fertilizers, washing machines, radios, electronics, pharmaceuticals, processed foods, textiles; note - dependent on imports for energy and raw materials

 

Exports:

Timber and wood products, machinery and equipment, metals, and textiles.

Imports:

Machinery and equipment, chemicals, fuels and vehicles.
Main trade partners: Germany, Lithuania, Estonia, Russia, and UK.

Exchange rates:

Latvian Lat (LVL; symbol Ls) = 100 santims. Notes are in denominations of Ls500, 100, 50, 20, 10 and 5. Coins are in denominations of Ls2 and 1, and 50, 20, 10, 5, 2 and 1 santims.
http://www.worldtravelguide.net/country/144/money/Europe/Latvia.html


GDP :

US$33.9 billion (2008).

 

 

Useful links:

 

Ministries & Organization

President of State

The Cabinet of Ministers
The Parliament

Ministry of Agriculture

Ministry of Environmental Protection and Regional Development

Ministry of transport of the Republic of Latvia

The Ministry of Culture
The Ministry of Defense
The Ministry of Economy
The Ministry of Education and Science
The Ministry of Foreign Affairs
The Ministry of Finance
The Ministry of Interior
The Ministry of Justice
The Ministry of Welfare
Ministry of Special Assignment on Public Administration Reform

 

 

Trade Associations & Chamber of Commerce
Latvian Chamber of Commerce and Industry
Association of Latvian Commercial Banks
Association of Electrical and Electronics Industry
Association of International Truck Drivers of Latvia "Latvijas Auto"

 

 

 

Economy and Industry

Kompass Latvia

Information on all Latvian companies

Latvian Company and Business Directory
Bank of Latvia
Riga Stock Exchange
The Baltic Stock Exchange
Latvian Trader's Association
Latvian Gas
Energy Regulation Council
Importer & Exporter Companies
Riga Stock Exchange
Bank of Latvia
The Financial & Capital Market Commission
Latvian Development Agency (LAA)
Customs Department
LVS - Latvian Standard
Statistical Yearbook
Latvian Exports and Imports Statistics
Latvian Privatization Agency
The Consumer Guide
The Latvian Farmers' Federation
Latvian Development Industry
Latvian Road Administration

 

General Information

Latvian Tourist Board
Latvia University of Agriculture
News portal in Latvian, English and Russian by Latvian News Agency LETA
Latvian and Baltic Real Estate Market Reports
NAIS - Latvian Legislation Database

اطلاعات بازرگانی سایر کشورها

 

  Copyright By :  Kish Trade Promotion Center  2002