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
Bank of Latvia Latvia. For the practical work and operational management of the Bank of Latvia, the Bank Council establishes a permanent board of 6 people. The Bank's President approves the structure of the Bank of Latvia, recruits and dismisses the Bank of Latvia's employees. The presidents of the Bank of Latvia: Bank of Latvia The Bank of Latvia () is the central bank of Latvia. It is one of the key public institutions and carries out economic functions as prescribed by law. It was established in 1922. The principal objective of the Bank of Latvia is to regulate currency in circulation by