Riga has been recognized as an excellent place for investment, entering the fDi Intelligence Top 10 medium-sized city category for promoting investment and research worldwide. Where entrepreneurship and financial stability clean up the air for innovation.

The Latvian capital and its region have received three European Cities and Regions of the Future awards at the MIPIM international real estate and investment forum held annually in Cannes, France. This is the highest historical rating of the Latvian capital. In addition, Riga has entered the Top 10 Medium-sized European Cities of the Future category in the overall city evaluation category and in the Best City for Human Capital and Lifestyle nomination. The Riga region, a small-sized city region, has also entered the Top 10 in this nomination.

Furthermore, the city’s economic stability is one of the world’s most significant investment and real estate forums, which brings together more than 20,000 participants from 75 countries.

At the same time, Cleantech for Baltics, a pan-Baltic think-tank for accelerated cleantech innovation and funding in sustainable technologies, has released Baltic Cleantech 2022, a brief digest of the cleantech sector in Latvia, Lithuania, and Estonia, its last year and plans for 2023.

Looking forward to 2023, the startup sector is expected to continue its growth trajectory. With increasing awareness of the importance of sustainability and the urgency to reduce carbon emissions, there will be a growing demand for innovative solutions to address environmental challenges. The region’s supportive regulatory framework, access to funding, and skilled workforce will continue to attract entrepreneurs and investors.