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The Palace street exists already c the beginnings of 14 centuries. Its ancient name was street Rederu which occurs from the name of a generation to which in this street possess property. Since 15 middles of the century the Palace street has received the present name because on this street was possible to reach a palace of Riga. In the street the Palace during archeological excavations fragments of a city of 13-14 centuries - the bases of a tower of a fortress are found out.
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Originated from a small fishermen village, for centuries Riga has been an important part of the trade chain between Russia and Western Europe. A lively crossroad of cultures and backgrounds for over 800 years, the historical centre of Riga has accumulated an impressive cultural baggage and today is justly included in the UNESCO’s World Heritage list.
