SKRUNDA-1 - A Russian firm has purchased the Latvian town of Skrunda-1 at an auction in Riga.

RIGA -As Estonia edges closer to adopting the euro, the prospect is causing jitters in neighbouring Latvia as it tries to climb out of a deep economic crisis and risks fragmenting the Baltic trio on the eastern edge of the European Union.

Latvian President Valdis Zatlres has a rare quality: he never lies. At least, that is what he says.

RIGA, Feb 6 (Reuters) A town left empty after the withdrawal of Soviet and Russian forces from the Baltic state of Latvia was sold at auction for 3 million dollar.

RIGA, Feb 8 (Reuters) - Latvia's price deflation intensified in January on a 12-month basis to 3.1 percent, though prices rose 0.2 percent versus the previous month, the statistics office said on Monday. Prices have been steadily falling as Latvia faces the worst recession in the European Union, expected to come in at an 18 percent gross domestic product (GDP) drop for 2009. However, deflation ...

Riga (AFP) Feb 9, 2010 - Concerns mounted Tuesday in the Baltics over France considering the sale of an assault ship to Russia, as Latvia joined Lithuania and Estonia in upping the pressure on their NATO and EU ally.

VILNIUS/RIGA, Feb 10 (Reuters) - Moody's upgraded the outlook for Lithuania's debt rating recently, but that means nothing to people like Lijandra Garniene.

Feb. 9 (Bloomberg) -- Latvian economic output fell a preliminary 17.7 percent in the fourth quarter, the smallest decline of the year and the first sign the Baltic nations slump may have bottomed as exports and manufacturing begin to recover.

SOME 20 years after the end of communism, Latvia is auctioning off one of its most striking Cold War artefacts - an entire Soviet nuclear attack early warning station, formerly known as Skrunda-1.

Ice hockey isn't just a hobby for 13-year-old Troy Henley. It's his life. Henley will be traveling to Sweden and Latvia to play ice hockey against some of the best players his age across Europe.

Krista Puisite, undecided freshman, came to the United States last fall as one of three additions to the Texas State womens golf team. Puisite, from Riga, Latvia, claimed two championships before coming to America. She was named the Latvian Amateur Champion of 2008 and the Juniors Champion of 2008 and 2009. Puisite became homesick after being in a new country and missed everyday aspects of her ...

Feb. 9 (Bloomberg) -- The following events and economic reports may influence trading in eastern European bonds and currencies today. Bond yields and exchange rates are from the previous session.

RIGA, Feb 8 (Reuters) - Prices fell further in crisis-hit Latvia on a 12-month basis in January by 3.1 percent, though prices rose 0.2 percent versus the previous month, the statistics office said on Monday. Prices have been falling steadily as Latvia faces the worst recession in the European Union, expected to come in at an 18 percent gross domestic product (GDP) drop for 2009. However ...

RIGA, Feb 8 (Reuters) - Latvia has stabilised thanks to large international financial support, but its economic outlook remains uncertain and policy slippage could lead to renewed devaluation speculation, ratings agency Moody's said on Monday. Moody's is the only one of the top three agencies to have kept its Latvia rating at investment grade. It said this was due to the bailout Latvia got at ...

(AP:RIGA, Latvia) Latvia's battered economy, the worst-performing in the European Union, began its long-awaited recovery in the fourth quarter, when economic output ticked up 2.4 percent from the previous quarter, official data showed Tuesday.

RIGA, Feb 9 (Reuters) - Latvia's economy fell more than expected in the last quarter of 2009, by 17.7 percent year-on-year, though the drop was less than the 19 percent registered in the previous three months, data showed on Tuesday. The Baltic region has suffered the worst economic falls in the European Union during the global crisis. Lithuania's economy fell 13 percent year-on-year in the ...

By Patrick Lannin

Feb. 8 (Bloomberg) -- Latvias economy probably contracted at the slowest pace of last year in the fourth quarter as exports and manufacturing begin to recover, a survey of economists showed.

SKRUNDA, Latvia (AP) Latvia sold a deserted town built around a Soviet-era radar station to a Russian investor who bid $3.1 million at an unusual auction Friday, officials said. The town formerly known as Skrunda-1 housed about 5,000 people during the Cold War but was abandoned over a decade ago after the Russian military withdrew from Latvia following the Soviet collapse.

A team of researchers, led by Pier Paolo Pandolfi, at Beth Israel Deaconess Medical Center, Boston, has identified a new type of cellular senescence (i.e., irreversible arrest of cell growth) and determined a way to enhance it to suppress prostate tumor development and growth in mice.

TALLINN - The Estonian Northern District Prosecutor's office has filed the documents necessary to take a man named only as Jaanus to court in what has become a high-profile child pornography case.

IRISH airports were among the worst-performing in Europe last year, with analysts blaming the tourism tax for a 13% fall in traffic.

SKRUNDA, Latvia Latvia sold a deserted town built around a Soviet-era radar station to a Russian investor who bid $3.1 million at an unusual auction Friday, officials said.

A look at economic developments and activity in major stock markets around the world Tuesday:

Riga - The economy in Latvia, which has been the hardest hit of all 27 European Union (EU) member states by the global economic crisis, contracted by nearly 18 per cent in the fourth quarter of 2009, compared to the same period a year ago, data relea...