Proclamation Day of the Republic of Latvia of the city centre traditionally starts at the monument of Kārlis Ulmanis, the first prime minister of Latvia, and ends at the Freedom Monument. Another tradition with a long history is the Latvian National Armed Forces parade, which nowadays is held at 11 November Embankment in Riga. A popular modern tradition established in 2009, is for people all over the world to sing the Latvian national anthem "Dievs, svētī Latviju!" at the same time (21:00 EET). Proclamation Day of the Republic of Latvia Proclamation Day of the Republic of Latvia is celebrated annually on 18 November. It marks the anniversary
History of Latvia to capital investment projects. Around 15% of income was generated by state spirits monopoly. The restoration of industry was more complicated. Before World War I 80% of industrial production was made for internal Russian Empire markets. Trade agreement with Soviet Union was signed in 1927 but did not result in high trade volumes. By the end of 1920s Latvia's largest export markets were Germany (35,6%), United Kingdom (20,8%), France, Belgium, Netherlands (22,9%). Latvia had to import almost all of modern machinery and fuels. In 1929 Latvia had 3 state owned banks, 19 private banks, 605 credit unions and many more