State and public services

Medicines production and sales account for 55% of the industry (249 companies with aggregate turnover of EUR 1.202 billion), healthcare – 34% (388 companies, EUR 750.780 million), trade in medical equipment and supplies – 12% (142 companies, EUR 243.559 million);
Latvian pharmaceutical companies export 90% of their output;

Business environment in Latvia

The economy of Latvia is a free market economy, it is regulated by appropriate laws, protecting commercial rights, trademarks and investments;
The requirements of the European Union are included in laws of Latvia;

Business environment in Lithuania

There were approximately 104,000 enterprises in Lithuania in early 2017.
Every year, the government of Lithuania strives to improve the country’s business environment; as a result, Lithuania regularly moves up in international ratings.

Transport and logistics

A year marked by growth on the Baltic real estate market

In the first ten months of 2016, the number of transactions on the Baltic real estate market rose by 6% against the respective period a year before. Given the acquisition and merger (A&M) trends in the Baltics over the past three years, the year of 2016 was closed with a comparatively high number of M&A transactions on the whole, the authors of Prudentia M&A Folio report have concluded.