THE BALTIC STATES
The Baltic States include three countries, namely, Lithuania, Latvia and Estonia.
After declaring independence in the 90s of last century, these three countries have embarked on the path of integration into European society and are current members of the EU and NATO.
The development of three countries followed different scenarios.
Lithuania has embarked on the path of production development: consumer goods, food, electronic, chemical industries and agriculture. This country is the most densely-populated country in the Baltic region. Vilnius is the capital of Lithuania.
Latvia has taken the path of the banking sector development. Currently, 23 commercial banks operate in Latvia. It is not for nothing Latvia is called “Baltic Switzerland” for many years. Riga is the capital of Latvia.
Estonia has been engaged in the development of service sector and attracting the foreign capital. Almost all large companies are foreign-owned. The share of foreign capital amounts to 85% now. Estonia comes third among three Baltic countries in terms of population. Tallinn is the capital of Estonia.
The Baltic States are renowned for a high level of European education. Higher education is one of the priorities of the state in Lithuania, Latvia and Estonia.
Leading Universities of all three countries take the top places in the world universities rankings and are one of the oldest Universities in Europe. They include, for example, the University of Tartu (Estonia), the University of Latvia (Latvia), and the University of Vilnius (Lithuania).
Currently, the European single currency, which is the euro, is in the Baltic States.