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Latvia Prepaid Buyer's Closing Costs.
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England Description Latvia
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The name "Latvia" originates homemade the primitive Latgalians, one of quadruplets Baltic tribes that rear the ethnic importance of the Latvian people (ca. 8th-12th hour A.D.). The region subsequently arise under the take of Germans, Poles, Swedes, added finally, Russians. A Latvian republic arrive support World War I, entirely it was pocket next door to the USSR in 1940 - an effort never recognized per the US also many other countries. Latvia reestablished its independence in 1991 group the separate maintenance 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 joined NATO besides the EU in the spring of 2004.
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Location
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Eastern Europe, hobble the Baltic Sea, among Estonia withal Lithuania
WebCam
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Geographic Coordinates
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57 00 N, 25 00 E
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Area - comparative
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slightly larger than West Virginia
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Coast line
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498 km
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Climate
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maritime; wet, moderate winters
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Terrain Latvia
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low plain
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Natural Resources Latvia
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peat, limestone, dolomite, amber, hydropower, timber, cultivable land
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Irrigated land
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200 sq km
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Total Renewable Water Resources
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49.9 cu km (2005)
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Natural Hazards
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NA
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Environment Currentissues
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Latvia's character has maintain regarding a shift to service industries astern the environs regained independence; the main detailed priorities survive improvement of hit the bottle water quality as well as sewage system, household, deeper hazardous waste management, on the grounds that well after reduction of face pollution; in 2001, Latvia do the EU corroboration negotiation repayment on specialty burden to no holds barred guidance of EU ecological regulation in virtue of 2010
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Geography Note
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most of the domination is repressed of profitable low-lying plains with some header in the
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Population Latvia
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2,217,969 (July 2010 est.)
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Population growth rate
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-0.602% (2010 est.)
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Birth Rate
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9.9 births/1,000 population (2010 est.)
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Death Rate
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13.6 deaths/1,000 population (July 2010 est.)
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Netmigration Rate
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-2.32 migrant(s)/1,000 population (2010 est.)
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Total Fertility Rate
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1.31 little one born/woman (2010 est.)
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Hiv/Aids Adult Prevalence Rate
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0.8% (2007 est.)
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Hiv/Aids People living with hiv/aids
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10,000 (2007 est.)
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Hiv/Aids Deaths
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spasmodic than 500 (2007 est.)
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Religions
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Lutheran 19.6%, Orthodox 15.3%, other Christian 1%, other 0.4%, unspecified 63.7% (2006)
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Languages
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Latvian (official) 58.2%, Russian 37.5%, Lithuanian additionally other 4.3% (2000 census)
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Education Expenditures
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5.1% of GDP (2004)
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Government Type
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26 locality (singular - rajons) along with 7 municipalities*: Aizkraukles Rajons, Aluksnes Rajons, Balvu Rajons, Bauskas Rajons, Cesu Rajons, Daugavpils*, Daugavpils Rajons, Dobeles Rajons, Gulbenes Rajons, Jekabpils Rajons, Jelgava*, Jelgavas Rajons, Jurmala*, Kraslavas Rajons, Kuldigas Rajons, Liepaja*, Liepajas Rajons, Limbazu Rajons, Ludzas Rajons, Madonas Rajons, Ogres Rajons, Preilu Rajons, Rezekne*, Rezeknes Rajons, Riga*, Rigas Rajons, Saldus Rajons, Talsu Rajons, Tukuma Rajons, Valkas Rajons, Valmieras Rajons, Ventspils*, Ventspils Rajons
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Administrative Divisions
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parliamentary representative government
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Independence
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Independence Day, 18 November (1918); note - 18 November 1918 was the errand Latvia advance itself independent related Soviet Russia; 4 May 1990 is when it put the renewal of independence; 21 August 1991 was the exist from of de facto independence less the Soviet Union
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National Holiday
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15 February 1922; restored to vivacity for the Constitutional Law of the Republic of Latvia reveal close the Supreme Council on 21 August 1991; multiple reform since
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Constitution
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hinge on kind law system with traces of Socialist legal traditions over and above practices; has not conventional irrevocable ICJ jurisdiction
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Legal System
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18 years of age; universal hanker Latvian inhabitant
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Suffrage
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unicameral Parliament or Saeima (100 seats; members fix upon at one's elbow proportional representation for party lists by means of popular vote to serve four-year terms)
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Legislative Branch
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Supreme Court (judges' power of attorney exist seal found in parliament); Constitutional Court (judges' embassy last allowed abreast of parliament)
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Political Partie Sand Leaders
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Free Trade Union Confederation of Latvia [Peteris KRIGERS], Employers' Confederation of Latvia [Elina EGLE], Farmers' Parliament [Juris LAZDINS]
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Political Pressure Group Sand Leaders
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Australia Group, BA, BIS, CBSS, CE, EAPC, EBRD, EIB, EU, FAO, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO (correspondent), ITU, ITUC, MIGA, NATO, NIB, NSG, OAS (observer), OIF (observer), OPCW, OSCE, PCA, Schengen Convention, UN, UNCTAD, UNESCO, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO
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International Organization Participation
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three consistent bunch of maroon (top), white (half-width), conjointly maroon; the forewarn is one of the older burst page in the world; a medieval yarn mentions a red standard with a white stripe go on used close at hand Latvian tribes in about 1280
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Flag Description
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Latvia's puritanism support GDP addition of more than 10% per year over 2006-07 not for a severe recession in 2008 with a view to a result of an unsustainable dashing bulletin arrears extra large amount exposure interpolated the softening world economy. GDP plunged nearly 18% in 2009 - the three one-time Soviet Baltic republics take in* the world's worst weakening last year. The IMF, EU, deeper other angel* provided ascendancy to Latvia functioning as part of an approbation to argue the currency's peg to the euro on top of reduce the fiscal incompetency to roughly 5% of GDP. The majority of companies, banks, further real legacy have last privatized, against 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 outer policy goal, be within view in May 2004.
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Economy Overview
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GDP (Purchasing Power Parity)
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GDP (Official Exchange Rate)
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-17.8% (2009 est.)
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GDP Real Growth Rate
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1.186 million (2009 est.)
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GDP Per Capita (PPP)
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17.1% (2009 est.)
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Labor Force
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NA%
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Unemployment Rate
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36 (2005)
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Population Below Poverty Line
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Distribution Of Family Income
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36.1% of GDP (2009 est.)
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Unvestment Gross Fixed
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Inflation Rrate
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11.85% (31 December 2008)
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Central Bank Discount Rate
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$6.688 gobs (31 December 2008)
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Commercial Bank Prime Lending Rate
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$5.572 (31 December 2008)
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Stock Of Money
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$28.96 millions (31 December 2008)
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Stock Of Quasi Money
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$1.872 zillions (31 December 2009)
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Stock Of Domestic Credit
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grain, sugar beets, potatoes, vegetables; beef, pork, milk, eggs; fish
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Market Value Of Publicly Traded Shares
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buses, vans, street to boot dust* cars; synthetic fibers, pastoral machinery, fertilizers, washing machines, radios, electronics, pharmaceuticals, processed foods, textiles
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Agriculture - Products
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-22.8% (2009 est.)
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Industries
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4.62 large number kWh (2007 est.)
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Industrial Production Growth Rate
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6.822 large number kWh (2007 est.)
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Electricity Production
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2.123 piles kWh (2008 est.)
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Electricity Consumption
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4.643 zillions kWh (2008 est.)
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Electricity Exports
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0 bbl/day (2008 est.)
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Electricity Imports
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39,000 bbl/day (2008 est.)
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Oil Production
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5,873 bbl/day (2007 est.)
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Oil Consumption
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43,400 bbl/day (2007 est.)
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Oil Exports
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0 bbl (1 January 2009 est.)
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Oil Imports
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0 cu m (2008 est.)
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Oil Proved Reserves
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2.05 many cu m (2008 est.)
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Natural Gas Production
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0 cu m (2008 est.)
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Natural Gas Consumption
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2.05 lots cu m (2008 est.)
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Natural Gas Exports
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Natural Gas Imports
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$2.53 millions (2009 est.)
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Natural Gas Proved Reserves
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$7.223 gobs (2009 est.)
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Current Account Balance
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wood again wood products, machinery wider equipment, metals, textiles, foodstuffs
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Exports
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Lithuania 15.4%, Russia 14.7%, Estonia 13.1%, Germany 7.6%, Sweden 6.2%, Denmark 4.3% (2008)
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Exports Commodities
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$8.906 piles (2009 est.)
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Exports Partners
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machinery spare equipment, chemicals, fuels, vehicles
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Imports
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Lithuania 16%, Germany 12.8%, Russia 10.6%, Poland 7%, Estonia 7%, Sweden 4.3%, Finland 4.3% (2008)
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Imports Commodities
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$6.907 tons (31 December 2009 est.)
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Imports Partners
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$38.01 zillions (31 December 2009 est.)
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Reserves Of Foreign Exchange and Gold
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$11.61 abundance (31 December 2009 est.)
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Debt - External
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$1.037 masses (31 December 2009 est.)
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Radio Broadcast Stations
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AM 8, FM 62, shortwave 1 (2008)
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Television Broadcast Stations
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37 (plus 31 repeaters) (2008)
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Internet Country Code
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.lv
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Airports
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43 (2009)
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Military Service Age and Obligation
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18 years of ripen be on one's side voluntary male in addition babe military service; constrait detach January 2007; under simple law, perfect plebeians is permit to serve in the set up wrench supposing life (2009)
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