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Latvia And The Euro
Latvia replaced its previous currency, the lats, with the euro on 1 January 2014, after a European Union (EU) assessment in June 2013 asserted that the country had met all convergence criteria necessary for euro adoption. The adoption process began 1 May 2004, when Latvia joined the European Union, entering the EU's Economic and Monetary Union. At the start of 2005, the lats was pegged to the euro at Ls 0.702804 = €1, and Latvia joined the European Exchange Rate Mechanism (ERM ll), four months later on 2 May 2005. History Latvia's Treaty of Accession to the European Union (EU) obliged it to eventually adopt the euro. Latvia had originally planned to adopt the euro on 1 January 2008, but for various reasons this was subsequently delayed several times. After being elected in 2011, Latvian President Andris Bērziņš announced the official goal was for Latvia to join the eurozone in 2014, saying "personally I'm very optimistic we'll join the euro on 1 January 2014. It's our ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Latvia
Latvia, officially the Republic of Latvia, is a country in the Baltic region of Northern Europe. It is one of the three Baltic states, along with Estonia to the north and Lithuania to the south. It borders Russia to the east and Belarus to the southeast, and shares a Maritime boundary, maritime border with Sweden to the west. Latvia covers an area of , with a population of 1.9million. The country has a Temperate climate, temperate seasonal climate. Its capital and List of cities and towns in Latvia, largest city is Riga. Latvians, who are the titular nation and comprise 65.5% of the country's population, belong to the ethnolinguistic group of the Balts and speak Latvian language, Latvian. Russians in Latvia, Russians are the most prominent minority in the country, at almost a quarter of the population; 37.7% of the population speak Russian language, Russian as their native tongue. After centuries of State of the Teutonic Order, Teutonic, Swedish Livonia, Swedish, Inflanty Voi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Council Of The European Union
The Council of the European Union, often referred to in the treaties and other official documents simply as the Council, and less formally known as the Council of Ministers, is the third of the seven institutions of the European Union (EU) as listed in the Treaty on European Union. It is one of two legislative bodies and together with the European Parliament serves to amend and approve, or veto, the proposals of the European Commission, which holds the right of initiative. The Council of the European Union and the European Council are the only EU institutions that are explicitly intergovernmental, that is, forums whose attendees express and represent the position of their Member State's executive, be they ambassadors, ministers or heads of state/government. The Council meets in 10 different configurations of national ministers (one per state). The precise membership of these configurations varies according to the topic under consideration; for example, when discussin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Bank Of Latvia
The Bank of Latvia (,) is the National central bank (Eurosystem), national central bank for Latvia within the Eurosystem. It was the Latvian central bank from 1922 to 2013, albeit with a long suspension between 1940 and 1992. It issued the Latvian lats (1922-1940), then a Latvian ruble (1992-1993) and second lats (1993-2013). Since 2014, it has also been Latvia's national competent authority within European Banking Supervision. The Bank of Latvia's administration is located in Riga. History On , the Constitutional Assembly adopted the Law on the Establishment of the Bank of Latvia, which granted its issuance privilege. The Bank's interim statutes were approved on by the Cabinet of Ministers, with its initial capital set at 10 million Latvian lats, lats. On , the Saeima approved a permanent Statute of the Bank of Latvia, signed by President Jānis Čakste on 2 July. The bank was headed by a council and board. The council consisted of a chairman, a deputy, and 11 members; the boa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Advertising On A Riga Tram Using The Word ‘eiro’ For The Euro
Advertising is the practice and techniques employed to bring attention to a product or service. Advertising aims to present a product or service in terms of utility, advantages, and qualities of interest to consumers. It is typically used to promote a specific good or service, but there are a wide range of uses, the most common being commercial advertisement. Commercial advertisements often seek to generate increased consumption of their products or services through "branding", which associates a product name or image with certain qualities in the minds of consumers. On the other hand, ads that intend to elicit an immediate sale are known as direct-response advertising. Non-commercial entities that advertise more than consumer products or services include political parties, interest groups, religious organizations, and governmental agencies. Non-profit organizations may use free modes of persuasion, such as a public service announcement. Advertising may also help to reass ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automated Teller Machine
An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff. ATMs are known by a variety of other names, including automatic teller machines (ATMs) in the United States (sometimes RAS syndrome, redundantly as "ATM machine"). In Canada, the term automated banking machine (ABM) is also used, although ATM is also very commonly used in Canada, with many Canadian organizations using ATM rather than ABM. In British English, the terms cashpoint, cash machine and hole in the wall are also used. ATMs that are Independent ATM deployer, not operated by a financial institution are known as "White-label ABMs, white-label" ATMs. Using an ATM, customers can access their bank deposit or credit accounts in order to make ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Union Of Greens And Farmers
The Union of Greens and Farmers (, ZZS) is an agrarian political alliance in Latvia. It is made up of the Latvian Farmers' Union, Latvian Social Democratic Workers' Party, and For Latvia and Ventspils. It is positioned in the centre on the political spectrum, sometimes also described as a centre-right or a centre-left party. It is orientated towards agrarian, conservative, Eurosceptic, and green policies, and can be considered a centrist Nordic agrarian alliance, with nationalist and anti-liberal elements. While the alliance's formal leader is Edgars Tavars, its leading figure and chief financial supporter is the oligarch Aivars Lembergs. The ZZS has had the world's first prime minister, Indulis Emsis ( Prime Minister of Latvia in 2004), and first head of state, Raimonds Vējonis ( President of Latvia 2015–19), to be affiliated with a green party. History The alliance was established to contest the 2002 parliamentary election by the Latvian Green Party (LZP) an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harmony Center
Harmony Centre (, SC; , ЦC) was a social democracy, social-democratic political alliance in Latvia. It originally consisted of five political parties: the National Harmony Party, the Socialist Party of Latvia, New Centre (Latvia), New Centre, the Daugavpils City Party, and the Social Democratic Party (Latvia), Social Democratic Party. Through a series of mergers they were eventually reduced to two: Social Democratic Party "Harmony" and the Socialist Party. Ideologically a Big tent, catch-all grouping of centre-left and left-wing parties, the alliance also aimed to represent the interests of Russians in Latvia. History Founded on 9 July 2005, Harmony Centre emerged from For Human Rights in a United Latvia, an electoral alliance formed by the National Harmony Party, the Socialist Party and Equal Rights (Latvia), Equal Rights, that partially dissolved in 2003. Equal Rights represented the interests of the Russian minority and the Russian language in Latvia. The National Harmony Par ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euro Convergence Criteria
The euro convergence criteria (also known as the Maastricht criteria) are the criteria European Union member states are required to meet to enter the third stage of the Economic and Monetary Union (EMU) and adopt the euro as their currency. The four main criteria, which actually comprise five criteria as the "fiscal criterion" consists of both a "debt criterion" and a "deficit criterion", are based on Article 140 (ex article 121.1) of the Treaty on the Functioning of the European Union. Full EMU membership is only open to EU member states. However, the European microstates of Andorra, Monaco, San Marino and the Vatican City, which are not members of the EU, have signed monetary agreements with the EU which allow them officially to adopt the euro and issue their own variant of euro coins. These states had all previously used one of the eurozone currencies replaced by the euro, or a currency pegged to one of them. These states are not members of the eurozone and do not get ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2003 Latvian European Union Membership Referendum
A referendum on European Union membership was held in Latvia on 20 September 2003.Dieter Nohlen & Philip Stöver (2010) ''Elections in Europe: A data handbook'', p1122 Latvia was the last of the states which would join the EU in 2004 to hold a referendum on the issue. Just over two-thirds of voters voted Yes and Latvia joined the EU on 1 May 2004. Background Latvia was invited to begin negotiations to join the EU in 1999 and was formally invited to join at a summit in Copenhagen in December 2002. On 27 December 2002 the Latvian government decided to hold a referendum on 20 September 2003 on joining the EU. In May 2003 the Parliament of Latvia amended the Constitution of Latvia to allow referendums on international matters. Campaigning began on 5 May 2003. Referendum question The question voted on in the referendum was: ''Do you support the membership of Latvia in the European Union?'' Campaign Latvia was seen as being one of the more skeptical countries on joining the Euro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saeima
The Saeima () is the parliament of the Latvia, Republic of Latvia. It is a unicameral parliament consisting of 100 members who are elected by proportional representation, with seats allocated to political parties which gain at least 5% of the popular vote. Elections are scheduled to be held once every four years, normally on the first Saturday of October. The most recent elections were held in 2022 Latvian parliamentary election, October 2022. The President of Latvia can dismiss the Saeima and request early elections. The Parliamentary dissolution power of Latvian President, procedure for dismissing it involves substantial political risk to the president, including a risk of loss of office. On 28 May 2011 president Valdis Zatlers decided to initiate the dissolution of the Saeima, which was approved in a 2011 Latvian parliamentary dissolution referendum, referendum, and the Saeima was dissolved on 23 July 2011. The current Speaker of the Saeima is Daiga Mieriņa of the Union of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euronews
Euronews (stylised in lowercase) is a pan-European television news broadcasting, news network, headquartered in Lyon, France. It is a provider of livestreamed news, which can be viewed in Europe and North Africa via satellite, and in most of the world via its website, on YouTube, and on various mobile devices and digital media players. The network began broadcasting on New Year's Day 1993 and covers world news from a European perspective. Euronews is currently majority-owned by Alpac Capital, a company indirectly linked to the Hungarian government of Viktor Orbán. History Timeline Background In 1992, following the Gulf War, Persian Gulf War, during which CNN's position as the preeminent source of 24-hour news cycle, 24-hour news programming was cemented, the European Broadcasting Union (EBU) proposed a channel to present information from a counterpart European perspective. Euronews was founded by a consortium of ten EBU members (national public broadcasters), titled SOCEMIE ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
