Lithuanian entrepreneurs are buying into tourism industry in Latvia, lsm.lv reports.
Latvia
© blogamore.lt nuotr.

Speaking on Latvian radio, Asnāte Ziemele of the Lauku Celotajs (Country traveller) organization, said that Lithuanians were buying up property for rentals and recreation centres, particularly in the western regions of Latvia.

As a result, she said, Latvian entrepreneurs will have to compete not only with each other but also with the Lithuanians.

"Lithuanians in general have a more business-oriented approach," said Ziemele, explaining that Latvia's southern neighbours were more willing to take investment risks and more expert at promotion.

"At the moment, driving along Kurzeme, you can see plenty of signs advertising rentals in Lithuanian," she said

Even though Latvians and Lithuanians share many cultural affinities, rural tourism sites owned by Lithuanian entrepreneurs sometimes clash with Latvian architectural styles, according to Ziemele. She cites an example in the historic village of Koni.

Lithuania prepares for 'spy swap' with Russia

Lithuania and Russia have agreed on an exchange of people convicted of espionage , well-informed...

Parliament speaker's removal vote fails

A vote on the removal of Speaker of the Lithuanian Seimas Viktoras Pranckietis failed on Tuesday...

Parliament board to hold emergency meeting on speaker's removal

The Board of the Lithuanian Seimas is set to hold an emergency meeting on Tuesday night to discuss...

Over 50 MPs voice no-confidence in Seimas speaker

Fifty-three Lithuanian MPs have signed a document expressing no-confidence in Viktoras Pranckietis ,...

Lithuania drops to 23rd place on EU's Gender Equality Index

Lithuania fell to number 23 among the EU's 28 member states in the latest ranking by the European...