University of Latvia University of Latvia The University of Latvia (LU) () is a state-run university located in Riga, Latvia. It was established in 1919. The university is ranked 701st–750th in the world, as well as 4th in the Baltic states after the University of Tartu, Tallinn University of Technology, and Vilnius University. The University of Latvia, initially named as the Higher School of Latvia () was founded on September 28, 1919 on the basis of the former Riga Polytechnic (founded in 1862). The first rector of the university was chemist Paul Walden. In 1923, the school received its current name with the
Economy of Latvia Economy of Latvia The economy of Latvia is an open economy in Northern Europe and is part of the European Union's (EU) single market. Latvia is a member of the World Trade Organization (WTO) since 1999, a member of the European Union since 2004, a member of the Eurozone since 2014 and a member of the OECD since 2016. Latvia is ranked the 14th in the world by the Ease of Doing Business Index prepared by the World Bank Group, According to the Human Development Report 2011, Latvia belongs to the group of very high human development countries. Due to