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The book summarizes the reports of 14 speakers of the conference "Latvian industry before and after regaining independence" on December 13, 2013: scientists, historians, factory managers and civil servants about what industry was actually like during the USSR and what and why happened after the restoration of independence with these "powerful" factories, why a large part of them stopped working, including the famous VEF. The book contains an overview of Latvia's economy before the occupation of 1940 during the 1st independence period, an analytical overview of the USSR-era industry and its specifics, as well as the prospects for today's industrial development.