5 lats coin and freedom. The coin was designed by Rihards Zariņš. The image of the maiden on the coin is colloquially known as Milda (a Latvian female name). The model was Zelma Brauere (1900-1977), a proofreader of the State Securities Printing House. She served as a model for other works of the artist, including the 10 lats and 20 lats banknotes and the 50 santīmi coin. In 1939, the Latvian government prepared to mint new 5 lats coins to be issued in 1941. The Latvian maiden was to be replaced by a portrait of the authoritarian leader of Latvia, Kārlis Ulmanis. Those
Baltic Development Forum emerged. Nowadays the Baltic Sea Region is interlaced by a myriad of formal and informal cross-border organisations and fora signalising the multidimensional scale of interaction. Baltic Development Forum The Baltic Development Forum is an independent think-tank and non-profit high-level and agenda-setting networking organisation with strategic partners and sponsors from large companies, major cities, institutional investors, business associations and academia in the Baltic Sea Region. The network involves more than 8,000 decision-makers from all over the region and beyond. March 2014 former Minister for Foreign Affairs, Mrs. Lene Espersen replaced the interim Chairwoman, Mrs. Helle Bechgaard as chairwoman of Baltic Development