A walk through any capital city in the Baltic States is a glorious eye-popping experience for any motor enthusiast. Gone is the era of the old Ford Cortina, instead the pavements are lined with Mercedes, BMW and even the occasional Hummer. Such luxury in the world of automobiles leads one to assume that the Baltic States are undergoing a period of economic utopia, however scratch gently below the surface and one will find a world of excess expenditure and creeping debts. Latvia's automobile market was expected to enter a period of moderate growth in 2008 as its automotive sales were...
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