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 Culture of Latvia The culture of Latvia combines traditional Latvian and Livonian heritage with influences of the country's varied historical heritage. The area of Latvia has been inhabited since 9000 BC. Baltic tribes, the ancestors of present-day Latvians, arrived around 3000 BC. In the 13th century after conquest of today's Latvia, Baltic Germans settled here and gradually became the upper class and rulers of Latvia, while Latvians and Livonians lost their positions finally becoming serfs in the 16th century. This caused the Germanisation of the educated inhabitants of other nationalities, yet preserved some local traditions. In the 19th century, when