Latvia's Riga Carriage Works: A Post-Soviet Success Story or a Case of Mismanagement?

The Riga Carriage Works: From Soviet Monopoly to Post-Soviet Decline The Riga Carriage Works (RVZ) once held a monopoly on electric train production within the Soviet Union. After Latvia's independence, the factory's fate took a dramatic turn. This video alleges that the Latvian government mismanaged the RVZ, ultimately leading to its decline. The video's central claim is that Latvia sold electric trains to Russia at significantly higher prices than market value, presented as compensation for the years of Soviet occupation. While the video offers compelling archival footage, it lacks concrete evidence to support its claims of mismanagement and price gouging. Independent verification of these allegations is crucial for a balanced news report. Further investigation into the RVZ's financial records and interviews with former employees and government officials could provide a more complete picture of the situation. The video's narrative raises important questions about economic transitions and post-Soviet relations, warranting further journalistic scrutiny.