The necessity of the research is to determine by the fact in Latvia there is a strong growth in bank credit to the private sector like in several transition countries in Central and Eastern Europe. Its implications for macroeconomic development and financial stability can be ambiguous. The aim of the research is to find possible scenarios for positive credit (to private sector) growth implications for macroeconomic development and financial stability in Latvia. Attainment of the objective comprises analysis of available statistical data about Latvia, identification of factors affecting bank credit growth following up some recent researches and modelling scenarios how the credit growth could facilitate further economic development in Latvia. This paper presents only recent trends in bank credit to the private sector in Latvia and evaluates some of the factors affecting these trends. It does not provide updated practical models and scenarios because the research has been started only recently.

Rural tourism is becoming more and more important in Latvia and Europe, where rural environment changes, began already more than a couple of decennaries ago. Current trends in development of tourism are favourable for lasting development of rural tourism in the whole European Union. Rural tourim in Latvia extremely popular, because it includes both recreational and cognitive elements of tourism, and takes place in countryside. It gives people a chance to become acquainted witg a country lifestyle, the process of production and be in touch with nature, be able to obtain strength and take emotional pleasure in the energy of nature. The study course "Rural tourism" is lectures both in Latvia's, and foreign higher educational establishments. This course usually is the free choice study object. The aim of the work is to observe study course "Rural tourism" aims and describe the content of this study course in higher educational establishments in Baltic States and North Europe.