What are Latvia’s most prominent accomplishments? Latvia is an integral part of Europe and in May 2019 will celebrate 15 years as a part of the European Union. We are part of the eurozone, Schengen, and the OECD. Latvia operates according to similar legislation, rules, and principles as The Netherlands, Germany or Ireland. Therefore, Latvia […]

Rail Baltica, a new railway infrastructure connecting the three Baltic States to Poland and indirectly to Finland, is often called the project of the century. This project marks a symbolic return of the Baltic States to Europe. Currently, most rail freight traffic in the Baltics originates from the CIS (Commonwealth of Independent States) countries and […]

How important is the development of Latvia’s aviation sector for the economy? If you look at the connectivity of the Baltic States, Riga at the moment is the key capital. Latvia being in Northern Europe has reachability issues. Connectivity with Europe by road and rail systems do not fully meet the needs of the region […]

What opportunities exist to foment further transit? Latvia is situated in a very privileged geographical position. Within the Baltic States, Latvia is the focal point connecting the West to the East. Our warm-water ports currently account for the biggest cargo freight transportation amongst the Baltic countries. Transit, logistics, and distribution of goods through Latvian ports […]

What is your outlook for Latvia’s Economy? Latvia’s financial crisis had a big psychological impact on society in terms of spending. Since then, Latvia has experienced a slow but gradual increase in internal consumption which has aided the countries turnaround. The confidence of the population is continuously increasing which is directly boosting internal demand. This […]

 How do you assess Latvia’s economic growth?  Four key points are behind Latvia’s economic growth; European Funds, external situation, accumulation of private savings and rising income levels. Income levels have increased 5% in the past three years. This has been a very active base for private consumption. In addition, the private sector has large amounts […]

How do you assess current foreign direct investments in Latvia? I would like to see higher levels of investment. Foreign direct investments in Latvia increased sharply after Latvia’s accession to the EU in 2004. After the crisis, the investment slowed. However, we saw this in the entire EU. The fight for investments is obviously increasing. […]