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Latvia Spends Almost Five Percent of Its GDP on Defense. Now It Must Prove that Billions Will Turn Into Business.

Just a few steps from the Cathedral Square in the center of Riga stands a building that once served as the central bank. Now, hotel room keys are handed out here. The Grand Palace, a five-star hotel with 56 rooms in a building dating back to 1877, has belonged to the Czech group Czech Inn Hotels since this spring. It is here that the...
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ekonom.czekonom.cz
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Hospodářské Nnoviny (HN.cz)Hospodářské Nnoviny (HN.cz)

Just a few steps from the Cathedral Square in the center of Riga stands a building that once served as the central bank. Now, hotel room keys are handed out here. The Grand Palace, a five-star hotel with 56 rooms in a building dating back to 1877, has belonged to the Czech group Czech Inn Hotels since this spring. It is here that the...

·Czechia
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ekonom.cz broke the news in Czechia on Wednesday, October 7, 2026.
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