Latvia

Latvia is a country on the Baltic Sea between Lithuania and Estonia. A Latvian republic emerged following World War I, but it was annexed by the USSR in 1940. It reestablished independence in 1991 following the breakup of the Soviet Union. Latvia, a parliamentary constitutional republic, acceded to both NATO and the EU in the spring of 2004.

It’s an open economy with exports contributing more than half of GDP. Due to its geographical location, transit services are highly-developed, along with timber and wood-processing, agriculture and food products, and manufacturing of machinery and electronics industries.

Latvia’s capital is Riga, country’s population 1.9 million (62.0% Latvian, 25.4% Russian, 3.3% Belarussian).