Titled Laiks Parmainam (Time for Change), the party was registered last week by Inga Antane, president at the Baltic Association of Transport and Logistics and formerly one of the leaders of now-defunct Reform Party.
The party's founding congress took place on September 21 in Ventspils, it was attended by more than 350 people.
Pārmaiņu laiks ir klāt! pic.twitter.com/vPXGW7wDLx— Laiks pārmaiņām (@LaiksParmainam) September 22, 2017
The most prominent party member is Inga Antāne, who was previously involved with the now-defunct Zatlers Reform Party. The party board also includes Linards Gulbis, Ingrida Gradkovska, Alina Rugine and Inese Caunite.
Time for Change will concentrate on being a regional political party, but the party's goals include transforming Latvia into a self-reliant country, scientific, technological and financial achievements, and a country where the system of state and local governments will be develop successfully in the interests of the people.
Among the other objectives of the new party is making use of the advantageous geographical location of Latvia for the economic development of Latvia and Ventspils, making Latvia a green country free of pollution.
"About 400,000 people have left our country during a quarter of a century since the restoration of independence. 19.5% of Ventspils residents also left. An entire generation has grown up, calling its home a country other than Latvia. In this way they expressed an opinion on their past quality of life and the processes taking place in our country," the party manifesto says HERE.
"We see Latvia as a country that does not depend on the financial sector of the banking dictates of other countries," it adds.
In an eye-catching turn of phrase, the party also points to the various waves of invasion during Latvia's history as proof of its important geographic location.
"It is time to take advantage of the wealth that God has put in our hands," the manifesto says.
The new party follows on the heels of the high-profile launch of another party, The Movement For! which is led by Daniels Pavluts, another former prominent member of the Zatlers Reform Party.