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    Latvia Poised to Join Euro; Here's What You Should Know

    GeographyLatvia is in Eastern Europe, bordering the Baltic Sea between Estonia and Lithuania. Russia is touching Latvia’s right borderline. Relatively speaking, Latvia is somewhat larger than West Virginia. Riga is the country’s capital, located near its center.Economic AnalysisLatvia has “a small, open economy with exports contributing nearly a third of GDP,” according to the U.S. CIA. Latvia’s geographical location allows its transportation services industry to be vastly developed, along with timber and wood-processing, agriculture and food products, and manufacturing of machinery and the electronics industries, the CIA says. Latvia’s projected 2014 economic growth will clock in at 4.2%, the International Monetary Fund (IMF) says.GovernmentThe Republic of Latvia is a Parliamentary Democracy led by the chief of state: President Andris Berzins and the head of government: Prime Minister Valdis Dombrovskis. Its Independence Day, from Soviet Russia, is celebrated on November 18.PeopleLatv...

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    1. Dog Stuck on Drifting Ice Rescued in Baltic Sea

      A frightened, shivering dog was rescued after floating 75 miles on an ice floe down Poland's Vistula River and into the Baltic Sea , officials said Thursday.Now his ...

    2. Estonian Navy finds wrecks of 3 British World War I-era ships off Baltic Sea island

      TALLINN, Estonia (AP) — The wrecks of three British warships sunk after World War I off the coast of a Baltic Sea island have been found, Estonia's military announce...

    3. Baltic Sea letter in a bottle found 24 years later

      A German boy tossed a message in a bottle off a ship in the Baltic Sea some 24 years ago, and now he has received an answer.A 13-year-old Russian, Daniil Korotkikh, ...

    4. Empty ferry ablaze in Baltic Sea after explosion

      A 650-foot ferry was ablaze in the Baltic Sea Saturday after an explosion on the upper deck and firefighting ships were spraying the vessel with water to keep it fro...

    5. Recovering centuries-old bubbly in Baltic Sea , divers also find bottles of 'drinkable' beer

      STOCKHOLM (AP) — Divers who found what's believed to be the world's oldest drinkable champagne say they have also discovered two-centuries-old bottles of beer at a s...

    6. 18th-century cannons retrieved from ships resting on Baltic Sea bottom

      Polish explorers have retrieved three 18th-century cannons from ship wrecks resting on the Baltic Sea bottom.Iwona Pomian, an expert at the Main Sea Museum in Gdansk...

    7. Anonymous bidder buys 2 bottles of 200-year old shipwreck champagne salvaged from Baltic Sea

      Finnish officials say an Internet bidder has paid euro54,000 ($78,235) for two bottles of 200-year-old champagne found in a shipwreck at the bottom of the Baltic Sea...

    8. Anonymous bidder buys 2 bottles of 200-year old shipwreck champagne salvaged from Baltic Sea

      Finnish officials say an Internet bidder has paid €54,000 ($78,235) for two bottles of 200-year-old champagne found in a shipwreck at the bottom of the Baltic Sea .A...

    9. 'Millennium Falcon' at Bottom of Baltic Sea ?

      Ocean explorers spot strange circular object

    10. Ferry in Baltic Sea still ablaze after explosion

      An empty 650-foot ferry is still ablaze in the Baltic Sea after an explosion on its upper deck engulfed the vessel and forced the evacuation of almost 250 people abo...

    11. Ships Trapped in Frozen Baltic Sea

      Several ships rescued from frozen sea

    12. 1,000 Trapped on Ferry Stuck in Baltic Sea Ice

      Dozens of ships including a passenger ferry with nearly 1,000 people on board were trapped Friday in heavy pack ice in the Baltic Sea off Sweden's east coast, offici...

    1. Polish authorities in Baltic Sea town giving sand away for free after clogs local port

      Too busy for a vacation, but long for a beach? Try Poland, where you can take home as much Baltic Sea sand as you want for free.Authorities say the pure, light sand ...

    2. The truth is out there about UFO in Baltic Sea , Swedish scientists say

      Swedish scientists plan to explore a mystery ripped straight from the "The X-Files."Rather than Mulder and Scully, this adventure features Swedish researchers Peter ...

    3. Wreck of German WWII plane in Baltic Sea turns out not to be a JU87 Stuka, but larger JU88

      It looked like a Stuka, partly buried in the muck at the bottom of the Baltic Sea, but researchers now say the wreck German military divers have been recovering for ...

    4. Swedish researchers: Possibly world's oldest stationary fishing traps found in Baltic Sea

      A group of Swedish marine archeologists say they have found what they believe could be the world's oldest stationary fishing traps on the bottom of the Baltic Sea, w...

    5. German military divers recovering rare Stuka dive-bomber wreck from floor of Baltic Sea

      German military divers are working to hoist the wreck of a Stuka dive bomber from the floor of the Baltic Sea, a rare example of the plane that once wreaked havoc ov...

    6. Dozen Centuries-Old Shipwrecks Found in Baltic Sea

      A dozen centuries-old shipwrecks — some of them unusually well-preserved — have been found in the Baltic Sea by a gas company building an underwater pipeline between...

    7. Centuries-Old Shipwrecks Found Well-Preserved in Baltic Sea

      A dozen centuries-old shipwrecks — some of them unusually well-preserved — have been found in the Baltic Sea by a gas company building an underwater pipeline between...

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