Latvia just celebrated 30 years after declaring the restoration of independence, during all these years Latvia has continued to play a role of a financial bridge. Only the direction of routes has changed: in the first 20 years of independence, the money flow was from the East (Ex-Soviet Union countries) to the West. Today it goes through Latvia to the rest of the world. Development of the financial sector created a strong foundation for the current status of Latvian Fintech. More than 50 banks existed, now locally they are less than 20. Accumulated capital employed tens of thousands of bank...
The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please authorize yourself.
In case you don't have a subscription yet - please visit our
SUBSCRIPTION section
