Covid-19, EU – Baltic States, Latvia, Legislation, Tourism

He also acknowledged that not all market participants will overcome this Covid-19 crisis. "I think that there will be fallen, as in every war, but those who endure this battle will be much stronger, more powerful and more efficient than they are now," Naglis said.

He also pointed out that hotels, not only in Riga, but throughout Latvia, are currently hoping that they will be able to accommodate quarantined residents, in compliance with the requirements set by the Cabinet of Ministers. "It's a good signal that hotels and guest houses are ready to do everything to maintain their business," Naglis added

As reported LETA, The Riga Tourism Development Bureau (RTAB) will be liquidated, but an agency aimed at attracting investments and tourism will be established on its basis.

Yesterday, at an RTAB board and founders' meeting, it was decided to start the liquidation of the bureau. The RTAB will continue to exist until the new agency is set up to ensure the continuity of its functions.

Riga Mayor Martins Stakis (For Development) points out that one of the main challenges for Riga in the coming years will be to attract foreign investment, but there is currently no institution in Riga whose main goal is to attract international business to the Latvian capital.

"This is the first step in achieving a breakthrough in attracting international investment in Riga, as we promised before the elections. The new agency will work under the direct authority of the mayor of Riga, further emphasizing the importance of this area. We need to offer global business players not only services that are just as good as cities elsewhere in our region, but better ones,'' Stakis emphasized.