Welcome to the Consulate General of The Republic of Latvia to Lebanon

The Consulate General of Latvia in Beirut represents the Republic of Latvia in Lebanon and covers the 5 Boroughs of Beirut, Zahle, North of Lebanon, the South of Lebanon, and the Mont Lebanon. Its broad mission is to promote Latvian interests in Lebanon and to provide assistance to Latvians visiting Lebanon and residents. The Consulate seeks to assist in fostering broader knowledge in Lebanon about Latvia and to facilitate increased business, educational, and cultural relations between Lebanon and Latvia - one of the European Union's fastest growing and historically and culturally interesting nations.

Things you should know about Riga

  • Riga is the largest city in the three Baltic States
  • There are three major ports in Latvia - Liepaja, Riga and Ventspils, as well as seven smaller ports - Skulte, Mersrags, Salacgriva, Pavilosta, Roja, Lielupe and Engure, which are situated along the entire coastline of Latvia.
  • Riga is Europe's capital of art nouveau architecture
  • Riga is one of the greenest city in the region
  • Historic center in Riga is included in the UNESCO world heritage list
  • Riga , ranked as the best large European city for cost effectiveness by FDI Magazine
Largest cities or towns of Latvia


Rank Name Pop.


1 Riga 705,703
2 Daugavpils 103,053
3 Liepâja 83,884
4 Jelgava 64,748
5 Jûrmala 56,147


6 Ventspils 42,657


7 Rçzekne 34,912
8 Valmiera 27,217
9 Jçkabpils 26,378
10 Ogre 26,167


News of 20/02/2018

According to Baltic News Network,



Bank of Latvia provided ABLV Bank with a loan of 97.5 mln euros in exchange for securities pledge


Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU


The Bank of Latvia has provided ABLV Bank with a loan worth EUR 97.5 million in exchange for securities pledge, as confirmed by the financial institution.

«Considering the request from ABLV Bank and Finance and Capital Market Commission’s supportive opinion, the council of the Bank of Latvia has made a decision to provide ABLV Bank a loan of EUR 97.5 million in exchange for a pledge of secure, highly profitable securities. State budget finances are not used in this financial market transaction. It should be added that the securities pledge significantly exceeds the loan amount,» as reported by the Bank of Latvia.

Although the loan to ABLV Bank is allocated, the money has yet to be transferred. As previously reported, to stabilize the situation, ABLV Bank has decided to pledge part of its existing securities in exchange for a loan from the Bank of Latvia up to EUR 480 million. In accordance with instructions from European Central Bank, FCMC decided to establish restrictions on ABLV Bank’s debit transactions in any currency on Saturday, 18 February.

FCMC chairman Pēters Putniņš has said that this decision was made based on instructions from ECB. «The main objective of the institution is ensuring stability in the sector. It was taken into account when making this decision. We will continue taking the necessary measures in cooperation with ECB. We will report on the development of this situation alter,» he said. ECB notes that this decision was necessary to give ABLV Bank enough time to perform measures to help stabilize the situation. Restrictions came into force on Monday. They will remain in force until FCMC decides otherwise.

US Financial Crimes Enforcement Network (FinCEN) plans to apply sanctions against ABLV Bank for money laundering schemes that were used to circumvent sanctions against North Korea and assist with the country’s nuclear arms programme, as well assist with illegal activities in Azerbaijan, Russia and Ukraine. The report published by FinCEN details that until 2017 the management of ABLV Bank had been using bribery to influence officials in Latvia in an attempt to avoid legal action and threats to its high-risk operations.

ABLV Bank’s representatives had previously noted that the report is a proposal from the US department. Objections can be submitted in written form within 60 days. The bank searches for opportunities to convince FinCEN to reconsider its proposals. The bank claims it has never given bribes to officials. What FinCEN has said about the bank is completely unacceptable.




































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































On Monday, 12 February, political party Unity asked parties of the coalition to conceptually support the initiative to pay politically repressed individuals benefits worth EUR 100 during Latvia’s centenary, as confirmed by Unity’s Saeima faction.

«Politically repressed individuals have suffered from criminal regimes that had ruled Latvia in the past. But they have never lost faith in a free and independent Latvia. The invitation for the government to decide on symbolic support for the annual congress of Latvian politically repressed. Unity believes the Cabinet of Ministers should make a relevant decision in the nearest future,» comments Unity’s Saeima faction leader Abu Meri.

The party notes that estimates show that a single-time benefit would cost the state budget EUR 1.2 million. The party invites Finance Ministry to come up with proposals for the best sources of funding.