rgejs DOLGOPOLOVS];
Latvian Green Party or LZP [Indulis EMSIS, Viesturs SILENIEKS,
Raimonds VEJONIS]; Latvian Farmer's Union or LZS [Augusts
BRIGMANIS]; Latvian Social Democratic Workers Party (Social
Democrats) or LSDSP [Juris BOJARS]; Latvian Socialist Party or LSP
[Alfreds RUBIKS]; Latvia's Way or LC [Ivars GODMANIS]; New Democrats
or JD [Maris GULBIS]; New Era Party or JL [Einars REPSE]; People's
Harmony Party or TSP [Aivars DATAVS]; People's Party or TP [Atis
SLAKTERIS]; Social Democratic Union or SDS [Egils BALDZENS]

Political pressure groups and leaders:
Headquarters for the Protection of Russian Schools (SHTAB)
[Aleksandr KAZAKOV]

International organization participation:
Australia Group, BIS, CBSS, CE, EAPC, EBRD, EIB, EU (new member),
FAO, IAEA, IBRD, ICAO, ICCt, ICFTU, ICRM, IDA, IFC, IFRCS, ILO, IMF,
IMO, Interpol, IOC, IOM, ISO (correspondent), ITU, MIGA, NATO, NIB,
NSG, OAS (observer), OPCW, OSCE, PCA, PFP, UN, UNCTAD, UNESCO, UPU,
WCO, WEU (member affiliate), WHO, WIPO, WMO, WTO

Diplomatic representation in the US:
chief of mission: Ambassador Maris RIEKSTINS
chancery: 4325 17th Street NW, Washington, DC 20011
telephone: [1] (202) 726-8213, 8214
FAX: [1] (202) 726-6785

Diplomatic representation from the US:
chief of mission: Ambassador Catherine TODD-BAILEY
embassy: 7 Raina Boulevard, Riga LV-1510
mailing address: American Embassy Riga, PSC 78, Box Riga, APO AE
09723
telephone: [371] 703-6200
FAX: [371] 782-0047

Flag description:
three horizontal bands of maroon (top), white (half-width), and
maroon

Economy Latvia

Economy - overview:
Latvia's transitional economy recovered from the 1998 Russian
financial crisis, largely due to the 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. EU
membership, a top foreign policy goal, came in May 2004. 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. A growing perception that
many of Latvia's banks facilitate illicit activity could damage