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
Constitution of Latvia Minister of Latvia Jānis Bordāns. Constitution of Latvia The Constitution of Latvia () is the fundamental law of the Republic of Latvia. Satversme is the oldest Eastern or Central European constitution still in force and the sixth oldest still-functioning republican basic law in the world. It was adopted, as it states itself in the text, by the people of Latvia, in their freely elected Constitutional Assembly of Latvia on 15 February 1922 and came into force on 7 November 1922. It was heavily influenced by Germany's Weimar Constitution and the Swiss Federal Constitution. The constitution establishes the main bodies of