Cultural regions of Latvia of Courland, then as the Courland Governorate in the Russian Empire while Vidzeme and Latgale were politically separate, both from Courland and one from another. From this perspective, there are three regions: Kurzeme (including Zemgale and Sēlija), Vidzeme and Latgale. Such division is no longer commonly used but it can be seen in the coat of arms of Latvia and the "Monument of Freedom" in Riga both of which contain three stars: for Kurzeme, Vidzeme and Latgale, which were united into Latvia in 1918. Cultural regions of Latvia Cultural regions of Latvia are several areas within Latvia formally recognised as
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