Highlight reel from the Central Intelligence Agency on Latvia...
http://www.odci.gov/cia/publications...k/geos/lg.html
Location:
Eastern Europe, bordering the Baltic Sea, between Estonia and Lithuania
Backround:
After a brief period of independence between the two World Wars, Latvia was annexed by the USSR in 1940. It reestablished its independence in 1991 following the breakup of the Soviet Union. Although the last Russian troops left in 1994, the status of the Russian minority (some 30% of the population) remains of concern to Moscow. Latvia continues to revamp its economy for eventual integration into various Western European political and economic institutions and was invited to join NATO and the EU in 2002.
Economic Overview:
Latvia's transitional economy recovered from the 1998 Russian financial crisis, largely due to the SKELE government's budget stringency and a gradual reorientation of exports toward EU countries, lessening Latvia's trade dependency on Russia. The majority of companies, banks, and real estate have been privatized, although the state still holds sizable stakes in a few large enterprises. Latvia officially joined the World Trade Organization in February 1999. Preparing for EU membership continues as a top foreign policy goal. The current account and internal government deficits remain major concerns, but the government's efforts to increase efficiency in revenue collection may lessen the budget deficit.
Telephone system:
general assessment: inadequate, but is being modernized to provide an international capability independent of the Moscow international switch; more facilities are being installed for individual use
domestic: expansion underway in intercity trunk line connections, rural exchanges, and mobile systems; still many unsatisfied subscriber applications
international: international connections are now available via cable and a satellite earth station at Riga, enabling direct connections for most calls (1998)
Last updated on 18 December, 2003