Welcome to the Consulate General of The Republic of Latvia to Lebanon

The Consulate General of Latvia in Beirut represents the Republic of Latvia in Lebanon and covers the 5 Boroughs of Beirut, Zahle, North of Lebanon, the South of Lebanon, and the Mont Lebanon. Its broad mission is to promote Latvian interests in Lebanon and to provide assistance to Latvians visiting Lebanon and residents. The Consulate seeks to assist in fostering broader knowledge in Lebanon about Latvia and to facilitate increased business, educational, and cultural relations between Lebanon and Latvia - one of the European Union's fastest growing and historically and culturally interesting nations.

Things you should know about Riga

  • Riga is the largest city in the three Baltic States
  • There are three major ports in Latvia - Liepaja, Riga and Ventspils, as well as seven smaller ports - Skulte, Mersrags, Salacgriva, Pavilosta, Roja, Lielupe and Engure, which are situated along the entire coastline of Latvia.
  • Riga is Europe's capital of art nouveau architecture
  • Riga is one of the greenest city in the region
  • Historic center in Riga is included in the UNESCO world heritage list
  • Riga , ranked as the best large European city for cost effectiveness by FDI Magazine
 
Largest cities or towns of Latvia

Riga

Rank Name Pop.

Liepāja

1 Riga 705,703
2 Daugavpils 103,053
3 Liepāja 83,884
4 Jelgava 64,748
5 Jūrmala 56,147

Daugavpils

6 Ventspils 42,657

Jelgava

7 Rēzekne 34,912
8 Valmiera 27,217
9 Jēkabpils 26,378
10 Ogre 26,167

News 22/9/2017

According to BNN News,

 

Number of bankruptcies down in Latvia and Estonia but up in Lithuania


Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RULast year, the number of bankruptcies declined 12.4% in Latvia and 10.9% in Estonia. Lithuania, on the other hand, had experienced a 35.2% increase in the number of bankrupt companies, according to information compiled by Coface.

The number of insolvent companies in Central and Eastern European region had declined 6% last year. Region’s growth benefited from favourable macroeconomic environment, which was largely thanks to the positive situation on the labour market with low unemployment indexes and high wage rise.

The number of bankruptcies had more than doubled in Hungary last year (+56.9%), which was the biggest increase in bankruptcy numbers in the region. In Lithuania, the number of bankruptcies was affected by the State Tax Inspectorate’s and Social Fund’s ‘cleaning’ process, which cleared the market of companies that were solvent for a long time. The largest decline of bankruptcies was registered in Bulgaria (-35.6%).

In relation to specific industries, the situation seems complicated the most for the construction sector. In Estonia, Russia and Hungary, bankruptcies of construction companies forms more than 20% of the total number of insolvency cases.

«It is expected that the total number of bankruptcies in the region will start declining this year and will continue declining next year. GDP growth and recovery of investments is a positive signal for companies. New infrastructure projects, stable household consumption rise and development of foreign markets will serve as good support for the region’s economic growth. At the same time, it is worth mentioning that bankruptcy statistics do not always reflect the actual situation. Because of that, each business should analyse payment discipline independently,» says Coface Baltics director Mantvydas Štareika.