Heb / Eng


Israel-Latvia Chamber of Commerce and Industry

Latvia

Bilateral chamber of commerce in Israel:

Non existing

Sister Bilateral chamber of commerce in the member state:
Embassy in Israel:

Ambassador: H. E. Martins Perts
Address: 2, Weizman St., Europe Israel Tower, 15th fl., Tel-Aviv 64239
Tel.: +972-3-7775800
Fax: +972-3-6953101
E-Mail: embassy.israel@mfa.gov.lv

Israeli Embassy in the member state:

Ambassador: H.E. Naftali (Nati) Tamir
Address: 2 Elizabetes Str., Riga, LV-1010, Latvia
Tel.: +371-67635574
Fax: +371-67635555
Website: HTTP://RIGA.MFA.GOV.IL
E-mail: press@riga.mfa.gov.il

Country#
EU membership year: 2004
Capital City: Riga
Total Area: 64,589 sq km
Population: 2,217,969
Currency: Lats (LVL)

Latvia regained independence from the Soviet Union in 1991. Situated on the Baltic coast, Latvia is a low-lying country with large forests that supply timber for construction and paper industries. The environment is rich in wildlife. Latvia also produces consumer goods, textiles and machine tools. The country attracts tourists from all over Europe. Latvia's economy experienced GDP growth of more than 10% per year during 2006-07 but entered a severe recession in 2008 as a result of an unsustainable current account deficit and large debt exposure amid the softening world economy. GDP plunged nearly 18% in 2009. The IMF, EU, and other donors provided assistance to Latvia as part of an agreement to defend the currency's peg to the euro and reduce the fiscal deficit to about 5% of GDP. The majority of companies, banks, and real estate have been privatized, although the state still holds sizable stakes in a few large enterprises. Latvia officially joined the World Trade Organization in February 1999. EU membership, a top foreign policy goal, came in May 2004.


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