Republic of Latvia

Capital: Riga                   HDI: 0.81 (48th)

Language: Latvian          GDP (PPP): $48.2 billion

Currency: Euro

Population: ~ 2 million

Located in the center of the Baltic nations and between the EU and Russia, Latvia benefits from a highly developed transport infrastructure that facilitates business and trade between these regions. The port of Ventspils sees the most trade of the Baltic States and is a major handling center of Russian oil going to Western Europe. Latvia is the top ten fastest growing economies in Europe and is high on the World Banks ease of doing business rankings. After they were hit hard by the 2008-2009 recession, but rebounded with vigor. The government has pursued union with the Eurozone to ease trade and business and accelerate growth and was successful in 2014.

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