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Daugavpils, the second largest city in Latvia, is located on the banks of the Daugava River in the south-eastern part of the country, 232 km away from Riga, the capital of Latvia. The city has changed its name several times: Dinaburg (1275 - 1656; 1667 - 1893), Borisoglebsk (1656 - 1667), Dvinsk (1893-1920), Daugavpils (from 1920). The geographical location of the city is still the most significant development factor. Daugavpils is a large railway junction, which promotes industrial development as well. Several large metal processing companies operate in Daugavpils, and food and light industry is developed. The medium and small business sector is actively working. Thanks to Daugavpils University, the theatre, which was restored in 1988, as well as the activities of various cultural and national societies, Daugavpils has become an important centre of culture and education in Latgale.