Latvia has experienced an extensive economic growth across all sectors over the past ten years. The global economic crisis, however, has led to many economic challenges. The Latvian government has expressed its determination to meet these challenges and prepared a development programme that features foreign direct investment (FDI) as a top priority and key to a fast and successful economic recovery.
As a small country in today’s globalised world, Latvia knows the importance of attracting foreign investment. It has consistently pursued liberal economic policies and welcomed FDI. Latvia has worked diligently to make doing business in this country easy and fast, for example it takes only one day to incorporate a company in Latvia. Other elements are:
- Business without borders – an EU member state
- Access to EU Structural Funds for business development
- Minor bureaucratic obstacles
- Transparent legal and judicial system
The present economic conditions mean there are a number of attractive merger and acquisition opportunities in a variety of sectors including:
- Renewable energy
- ICT
- Woodworking
- Construction materials and industrial real estate