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Foreign investments in Latvia's Jurmala seaside resort grow 21.9 pct in 2015 10.07.2016

Total foreign investments in Latvia's Jurmala seaside resort last year reached EUR 62.964 million, up 21.9 percent from 2014, according to the financial report of Jurmala municipality.

Compared to other cities in Latvia, Jurmala ranks fourth by attracted investments. "Only Riga, Ventspils and Liepaja have attracted more investments than Jurmala," the report says.

The largest investments come from Russia (EUR 22.797 mln), the UK (EUR 19.431 mln), and Cyprus (EUR 3.999 mln).

The biggest foreign direct investments in Jurmala have been made in the services sector, including accommodation of tourists in guest houses and similar tourist facilities (44 pct of all investments), hotels (11 pct), property management (9.1 pct), rent of property (8.2 pct).

Total foreign investments in Jurmala in 2014 reached EUR 51.636 million, up 13.4 percent from 2013.

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