According to the Baltic News Network, without wealthy buyers from the Commonwealth of Independent States (CIS), Latvia’s real estate market would have collapsed a long time ago.
The CIS is made up of nine formerly Soviet states. They occupy the largest and wealthiest block of global nations.
The fear running through the Baltic States is that EU sanctions and U.S. provocations could damage incoming CIS investment. The impact would ripple across Europe. Spain would not be unaffected.
http://bnn-news.com/jurmalas-real-estate-market-collapse-buyers-cis-countries-112693#comment-52700
Filed under: http://www.theleader.info/article/43404/
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