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The effects of COVID-19 are currently pushing many economies into recession, affecting almost all countries and many billions of people worldwide. In order to recover from the economic downturn caused by COVID-19 and to promote regional development in Latvia, business lending plays an important role in our days. At present, the total amount of loans issued by credit institutions in Latvia has decreased compared to the previous analogue period, and according to statistics from the Finance and Capital Market Commiss...

Japanese tourists are increasingly more interested and travel around the Baltic Sea countries including Latvia, Estonia and Finland. Compared to Central Europe and West Europe, the Baltic Sea region is safer and offers varied tourism opportunities. High potential exists in the Japanese market for Latvia, Estonia and Finland, but exploitation requires development, redesign/adaptation and promotion of suitable products which take account of Japanese customs, culture, language and expectations. The challenges on the ...