Business moving to the slow lane

  • 2010-09-09
  • By Alina Lisina
RIGA - There are more than 1,000 car rental firms in Latvia. These are mainly small companies, renting out the few cars they have for the needs of the local market. There are also representatives of international brands, such as Avis and Hertz, in Latvia. The business is now starting to grow after an extremely difficult year in 2009.Compared to 2008 car rentals, today’s business has decreased by 30-50 percent. They reduced their car inventory by almost half. Now, they see some improvements – international clients are starting to return to Latvia again, so this summer car...
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