Baltic States – CIS, Forum, Latvia, Legislation, Tourism

The newspaper quotes unofficial information from Jurmala City Council about a high-level decision made in Moscow that the festivals' respective organizers Igor Krutoy, Alexander Maslyakov, and Garik Martirosyan will have to obey.

This means that Jurmala will lose the opportunity to host numerous Russian entertainment events next year. The newspaper speculates that this could cause losses in the amount of several million euros for the municipality. Furthermore, Russia's wealthiest residents will lose interest in purchasing real estate in Jurmala, which will impair the temporary residence permit program.

Jurmala hotel and restaurant representatives surveyed by the newspaper indicated that the situation is very bad, as these events accounted for 95 percent to their annual income.

Two hotel and restaurant representatives said that they will be forced to close their businesses and lay off their employees.