Latgale's economic development is significantly hindered by various factors, as discussed by economist Peteris Strautins in an interview.
In a recent interview with economist Peteris Strautins, the stark economic differences in Latvia were highlighted, specifically the divide between RÄ«ga, Latgale, and the rest of the country. Strautins explained that these divisions manifest through various income levels and unemployment rates, with Latgale lagging behind other regions. He noted that while RÄ«ga thrives with a service-oriented economy, Latgale remains predominantly reliant on goods production, illustrating a significant gap in economic development.
Strautins shared his personal experiences traveling through Latgale, emphasizing its unique natural beauty and diversity. He noted his interests in nature research and ornithology in the region, which have allowed him to explore various parts of Latgale extensively. Despite the potential for tourism and nature-based projects, he pointed out that Latgale has been underrepresented in scientific initiatives, including the "Latvian Breeding Birds Atlas," which spans five years yet has insufficient focus on this eastern region.
The implications of this interview suggest that in order to foster economic growth in Latgale, it is essential to address these disparities by improving local conditions and increasing investment in projects that promote the region’s potential. Strengthening the local economy and encouraging more comprehensive attention to Latgale from both policymakers and media could help bridge the gap between the regions, ultimately contributing to a more balanced development across Latvia.
