Being a small country in today’s globalized world, Latvia recognizes the importance of attracting foreign investment in order to sustain economic development. Already for many years, one of the main tasks of the Investment and Development Agency (LIAA), is to promote Latvia as an attractive investment destination.
Interest in Latvia as an investment destination is growing every year, most of Latvia’s foreign direct investment (FDI) coming from other European Union member states. And hard work really pays off – in 2019 reached its highest point – EUR 16.0 billion. The main factors fostering FDI inflow were new market opportunities for foreign investors, stable monetary policy, Latvia’s advantageous geographic location between the EU and CIS countries, and its well-developed infrastructure.
LIAA works as one-stop-agency, offering guidance and support throughout the investment process, from preparation and initiation, through implementation, to ongoing follow-up. In 2019, LIAA work resulted in 204,50 mlnEUR planned investment, which will create at least 1009 new work places.
In order to promote Latvia as a smart investment destination, a new website to serve investor needs was created. Investinlatvia.org is the right place, where potential investors can get the first introduction of Latvia – from economic data and real estate offers to key advantages of main sectors and reasons why existing investors fell in love with our beautiful country.
Those aren`t the only news. LIAA main website www.liaa.gov.lv recently also has been redesign. In order for public administration websites to have a common approach, by the end of 2020, it is planned to introduce new websites according to one standard, which will increase user experience and effective usage of resources.
Visit LIAA new websites and spread the word about Latvia – the perfect place to invest and to live!