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
Geology of Latvia Geology of Latvia The geology of Latvia includes an ancient Archean and Proterozoic crystalline basement overlain with Neoproterozoic volcanic rocks and numerous sedimentary rock sequences from the Paleozoic, some from the Mesozoic and many from the recent Quaternary past. Latvia is a country in the Baltic region of Northern Europe. Several hundred boreholes have returned data about the Precambrian crystalline basement of Latvia, indicating young Middle Proterozoic intrusive rocks such as 1.65 billion year old rapakivi granite or 1.82 billion year old granodiorite in the northeast. Most basement probably formed before the Svecofennian orogeny, between the Archean and Proterozoic. The