Latvia

SHORT INFORMATION

Latvian Political System

According to the Constitution (Satversme), Latvia is a parliamentary republic in which the sovereign power belongs to the people, who are represented by a unicameral parliament (Saeima), with 100 members elected in general, equal, direct, secret and proportional elections for a four-year period.

SHORT INFORMATION

Education System in Latvia

Primary Education: Latvian education is compulsory and free for children between ages 5 and 18. The first 9 years are spent panatskola primary schools that provide a basic academic education.

SHORT INFORMATION

Currency & money in Latvia

he official currency of the Latvian Government is the Latvian LAT. There are three abbreviations that are commonly used. They are (LS), (LVL) and sometime (LAT or LATS).

The Euro is used for hotel, apartment and real estate pricing and for most apartment rental transactions. The US Dollar is being used less and less.