Latvia in a mission to promote export and attract R&D
Riga rebranded its national strategy aiming to increase the amount of attracted investments to 2.45 billion euro over the next three years.
Riga rebranded its national strategy aiming to increase the amount of attracted investments to 2.45 billion euro over the next three years.
Tietoevry is combining global business design and software engineering services within the three Baltic countries, with a total market size of EUR 3.6 billion.
Elevated inflation reduces purchasing power and increases the risk of low investment and deteriorating competitiveness.
Despite the optimistic forecast, inflation in Latvia remains among the highest in the euro area. Investment growth prospects have not improved.
This year a potential investment of €1.9 billion in 40 projects are targeting Latvia, among which Marcegaglia steel and Roche biotech.
Latvia is not only one of the world’s most significant investment and real estate forums but also a cleantech hub in sustainable technologies.
Central banks are normally cited as the entities who fix the economy by disinflation, not those who broke the market by causing inflation.
In Latvia, inflation increased by 20.8% YoY, with the annual rate at 17.3%. Disinflation likelihood is less than in the US, given the ECB delay in raising rates.
For those who are trying to understand how much money is reasonable to invest in the current conditions, Latvia offers a tailor-made agenda.
The forecasts for Latvia see a persistently high degree of uncertainty. GDP is revised downwards to 2.1%, with a 5.6% contraction in household consumption.