Latvia - FDI to the Baltic

2021-09-18

ELWIND: Made in Baltic wind to turn off energy costs

The offshore wind farm is a joint Estonia-Latvia project with a total capacity of 700-1000 MW, and will provide over 3 TWh of renewable energy per year.

2021-08-28

Latvian economic growth goes hand in hand with deficits and inflation

The Latvian central bank indicates an increase in GDP of 3.3% this year and 6.5% in 2022. Budget deficit and inflation forecasts are revised upwards.

2021-08-21

Energy turns on inflation alarm in Estonia

Energy prices are 22% higher and inflation will be maintained in the coming months by rising prices on the global market for raw materials and imported goods.

2021-06-19

In Latvia, digital transformation requires institutional coordination and coherence

In front of a declining population due to ageing and emigration, digital innovation becomes crucial to increasing productivity and living standards.

2021-03-27

Latvia’s recovery builds on construction and EU support

The 2020 recession is due to a fall in consumption representing 58% of GDP. The industry is expected to be driven by housing demand and major infrastructures.

2021-01-30

In Latvia, growth will return in the second quarter: +3.3% for 2021

Great hope is placed on the active contributions of ICT technologies, where growth in Latvian industry this year could reach 3-4%.

2020-12-12

In Latvia, skilled emigration and recycling hold back growth potential

Latvian GDP growth fell by -9.2% and the current account deficit is on the rise. Loans to the private sector are held back by an extensive informal sector.