LATVIA: FEATURES POST-SOVIET SOCIAL-ECONOMIC DEVELOPMENT
The paper discusses Latvia's development problems in 1991-2011. Latvia's economy has radically changed over this period. Its ports have preserved their transit functions. As much as 80 per cent of all the cargo transfers as those of the CIS countries, but the country has practically lost its machine building and high-tech manufactures in the first place; its scientific and technological potential has reduced many times, and the country lost thousands of qualified engineers and technicians. Instead, there has appeared an economy with a small real sector and a huge sphere of services strongly dependent upon foreign loans. Analyzed are the possible ways out of the current situation based on the EU support.