Tag: latvia tourism

Several organizations in Latvia’s tourism sector have sent an open letter to the European Commission (EC), drawing attention to the difficult situation in the sector, as well as the lack of government support. “In Latvia’s tourism sector, which accounts for almost 5% of the country’s gross domestic product (GDP), there is currently no indication that the situation is likely to improve. On the contrary, it is deteriorating every day,” said the representatives of the various organizations. According to them, Latvian tourism and hospitality companies are currently in a worse situation than they were during the 1998 Russian financial crisis and the financial ... Read more