The minimum wage in Latvia currently is 370 euro before taxes. It is the lowest in the Baltic states. In the neighbouring Lithuania and Estonia, whose economies are not radically different, minimum wage has been raised by 80 euro over two years, while in Latvia – by just 20.
Almost half of Latvians earn less that 500 euro a month before taxes. Government agrees to increase a minimum wage by 10 euro, leaving country behind its Baltic neighbours.
Estonia and Lithuania can. Why not Latvia?
When a nephew of Uzbekistan's president bought two hotels in the Latvian capital of Riga, he couldn’t have foreseen that the acquisition would turn into something like the plot of a thriller, reminiscent of the early 1990s of eastern European capitalism, featuring attempted murder, a bribed judge and accusations of larceny. Like a detective novel, this saga shines a light on the darker corners of the Latvian legal system — from the police to the courts.
Children of Uzbekistan's elite has bought property in Latvia, used country to give birth to first-family child and allegedly used local banks to handle millions of dollars in bribes. While more than 1,500 Uzbeks have taken advantage of the country’s controversial “golden visa” program, it remains a silent and closed community.
Former KGB officer who after collapse of USSR became a millionaire as an intermediary in Russian gas trade to Latvia appears to be instrumental in helping high-ranking Uzbek security officials to gain a second base in Latvia.
Will pressure from the United States, fear of losing the last dollar correspondent account and an impending vote on admission into the OECD finally force Latvia to curb the laundering of dirty money for shady figures from the former Soviet Union via Latvia’s non-resident banks?
In May 2015, a theft from the state of unprecedented scope came into the public eye of Moldova. See how it was done:
A fight for “family values” in Latvia unites the Kremlin’s friends and ideological foes.
Who are the people who run around forests with laser guns and defend "family values" in protests by the Latvian parliament?