Riga, Latvia—October 20, 2008

As the global financial crises ensues in some of the biggest economies of Western Europe still there is hope for investors and businessmen who are looking for more secure returns on investmentS.  They should come to Latvia. It is clear Latvia already has attracted multinational long- term investors like CEMEX, Neste Latvija, DnB Nord Bank and many others.  However, it is apparent that a significant amount of investment and financial funding from EU structural and cohesion funds will be greatly needed in order to further realize all the development projects for the future growth of the Latvian economy. The European Times, an independent media company, has partnered with Latvia’s key politicians such as Minister Ainars Slesers of Transport, Minister Ivars Eglitis of Health, Minister Martins Roze of Agriculture and just yesterday Prime Minister Ivars Godmanis to produce a high quality report in order to attract investment and acquire more EU funding.

In yesterday’s meeting with Prime Minister Godmanis, business analyst of the EUROPEAN TIMES Aukje Oostendorp and Khayla Banks inquired after the matter of highlighting the Latvian economy in the country investment guide together with the public and private companies. “As the first EU member country having a border with Russia, our economy will continue to offer strong incentives to attract investment so Latvia can be seen as a safe haven based on the great experience and close supervision of the financial market” expressed Prime Minister Godmanis.

This edition of The European Times which features solely Latvia will be distributed at London Heathrow Airport, Paris Charles De Gaulle Airport, the EU Parliament in Brussels, and to industry leaders throughout Western Europe; including local distribution facilitated by the Latvian Institute. Latvia’s investment guide by the EUROPEAN TIMES will promote Latvia’s key enterprises, and announce international tenders across the sectors whereby attracting the right investment partners. “Latvia can offer a palette of services however it is important to have a clear dialogue with potential investors will improve the quality and effectiveness of the services in sectors like transit, logistics, food industry, energy, finance and banking and other areas” Prime Minister Godmanis indicated.

The European Times is proud to collaborate with the Cabinet of Ministers, and especially Prime Minister Godmanis as the publication’s priority is to showcase Latvia as an attractive business hub of the Baltic. Latvia gives opportunity to create partnerships, investments, attract clients, bring IT solutions etc. for the key companies who profile themselves together with the political leaders of Latvia. The recurring theme that will be highlighted is: “Latvia to find its place in this rapidly changing global economy”. With the cooperation of the EUROPEAN TIMES this will be attainable.