The government policy of Latvia on foreign investment and the role of the Investment and Development Agency of Latvia have been instrumental in attracting and facilitating foreign investments. The country has made significant progress in improving its investment climate and drawing investors from various sectors. The recent investments of importance, such as Accenture's investment in Latvia, the growing renewable energy sector, and the success of the logistics and transportation projects, demonstrate the positive impact of these policies and LIAA's efforts. As Latvia continues to prioritize and streamline foreign investment initiatives, it can expect to further enhance its economic growth and development, offering new opportunities for both local and international investors. Ultimately, the success of these efforts will contribute to a more prosperous and globally competitive Latvia, fostering an environment of innovation, collaboration, and sustainable progress.
The Latvian government has implemented various policies to create a favorable climate for foreign investment, focusing on the following key areas:
LIAA is the official government agency responsible for promoting and facilitating foreign investment in Latvia. LIAA plays a crucial role in implementing government policies and strategies aimed at attracting foreign investment. Key functions of LIAA include:
Latvia has witnessed a consistent influx of FDI in recent years, with several significant investments contributing to the country's economic growth. Some noteworthy investments include: