Latest news

25% of Latvians willing to boycott imported goods to support local farmers - survey
An absolute majority of 97 percent of Latvia’s population believe that the agricultural sector has future in Latvia and should be developed; every fourth respondent is willing to fully boycott imported goods to support local farmers.
Latvia's GDP increases 1.8% in Q1 - flash estimate
Latvia's gross domestic product increased 1.8 percent in the first quarter this year as compared to the first quarter of 2015, according to preliminary, seasonally non-adjusted data of the Central Statistical Bureau.

Industries news

Offering global services despite the crisis
Latvian information and communications technology (ICT) companies have world-class abilities. ICT exports are strong, and have proven themselves. Companies presently mainly selling mainly to the domestic market have the opportunity to grow and develop exports by transferring experience gained on the domestic market to neighboring countries and the wider European market.
The financial industry
The financial services sector in Latvia suffered most gravely from the crisis: losses of the banking sector for two years have “eaten away” profits for the previous five years. The number of bad loans has increased, including outstanding loan liabilities.

For example: Microsoft Latvia, IT services

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