Latvia a liberal economy and its re-orientation toward Western Europe, Latvia is one of the fastest growing economies in the European Union. In 2014, Riga was the European Capital of Culture, the euro was introduced as the currency of the country and a Latvian was named vice-president of the European Commission. In 2015 Latvia held the presidency of Council of the European Union. Big European events have been celebrated in Riga such as the Eurovision Song Contest 2003 and the European Film Awards 2014. On 1 July 2016, Latvia became a member of the OECD. Latvia lies in Northern Europe, on
Culture of Latvia Orthodox Christian minorities. Latvia is divided into several cultural and historical regions: Vidzeme, Latgale, Courland and Zemgale. Sometimes, Sēlija and Maliena are also distinguished. Latvians have the rich heritage of traditional folklore, especially folk songs. Dating back well over a thousand years, more than 1.2 million texts and 30,000 melodies of folk songs have been identified. A form of traditional architecture in Latvia is log houses. The position of houses differs among regions. In western Latvia, single farms are more popular and in villages, the houses are positioned in a circle around a central square. In eastern Latvia, villages are