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    Unequal Education
    Uzbeks in Latvia
    #Vēlēšanas2018
About us
Support us
Re:Baltica - The Baltic Center for Investigative Journalism
  • Home
  • Archive
    • Important
    • Baltic Drug Couriers
    • Dirty Money
    • China’s influence
    • Energetics
    • Fake News
    • Health in Latvia
    • I Spy
    • Imprisoned in the Baltics
    • Latvia’s ageing dilemma
    • Latvia’s Golden Visas
    • Money from Russia
    • Press Intimidation in the Baltic States
    • Russia and Family Values
    • Small Wages
    • The Baltic Media After the Crisis
    • The Other Side of Latvia’s ‘Success’ Story
    • Unequal Education
    • Uzbeks in Latvia
    • #Vēlēšanas2018
  • About us
  • Support us
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The Other Side of Latvia’s ‘Success’ Story

The Quick Trap

11. February, 2013Inga Spriņģe, Gunita Gailāne, Pēters Folkins, Re:Baltica

Who would borrow 200 lats to repay one thousand or even three after one year? Latvians, however, are making this unbelievable choice ever more often. While many have yet to recover from the crisis, the quick credit business is fully enjoying the economic “pick-up” and earns millions. Usury or predatory lending is punishable with imprisonment, but Latvia, unlike Estonia and Lithuania, has never limited the business’ fantastic interest rates. At least until now–but the situation has already reached its limit.

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#Vēlēšanas2018 Baltic Drug Couriers China's influence Dirty Money Domestic Violence Energetics Fake News Health in Latvia Important Imprisoned in the Baltics I Spy Latvia's ageing dilemma Latvia's Golden Visas Money from Russia Press Intimidation in the Baltic States Re:Check Russia and Family Values Small Wages The Baltic Media After the Crisis The Other Side of Latvia’s ‘Success’ Story Unequal Education Uzbeks in Latvia

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