The new Business Guide to Latvia: 2023 edition
The new business guide from LIAA helps investors and professionals by integrating into the labour market, local culture, and community.
The new business guide from LIAA helps investors and professionals by integrating into the labour market, local culture, and community.
Latvia closes one of its two crossing points with Belarus and signed for a purchase of the German medium-range air defence system IRIS-T.
Last year, €336,000 was earmarked for innovation and entrepreneurship. While NATO will test augmented- and virtual reality with local 5G.
Since Wagner mercenaries arrived Belarus, Latvia Lithuania and Poland prepare for increasing illegal border crossings and hybrid threats.
New projects in Latvia create 1160 workplaces and reach 371.5M. Over the next ten years, 509.8M will target the electricity transmission system.
Latvia’s inflation projections are revised downwards. But the wage-price spiral is not taken into consideration: in Q1 wages already edged up by 12%.
With support from Poland and European funding (1.6 bn), the Baltics will upgrade their infrastructure and disconnect from the BRELL system.
The Baltics have requested the NATO forces deployed be beefed up to 3,000-5,000 troops each, being the most vulnerable part of the organization.
The tight labour market increases the risk that inflation will remain higher and growth lower, and the rising borrowing costs will weigh on investment outlooks.
Riga rebranded its national strategy aiming to increase the amount of attracted investments to 2.45 billion euro over the next three years.