Investors from 135 countries made investments in Latvian companies last year. At the end of 2016, there were 29,273 companies registered in Latvia that were fully or partly owned by foreigners. Altogether 29,692 foreigners hold shares in Latvian companies.
Foreign direct investment in equity, reinvested earnings and other forms of capital has grown rapidly since Latvia regained its independence in 1991 until the rates of growth slowed because of the financial crisis. However, in the first nine months of 2011, the volume of foreign direct investment was almost three times higher than the total foreign direct investments in all of 2010. The ...
Latvia has set ambitious goals: in two years, it will be among the most competitive countries in the world with a favorable business environment and competitive taxes on labor in the Baltic region.
In the guidelines for Lithuania’s economic development, no branch of industry has been given special priority, however, a strategic decision was taken to promote innovation, investment in modern technologies and industries that create high added value.
In general, free enterprise and trade, as in other EU countries, characterize the business environment in Estonia.
Even though the real estate market has not recovered from when the bubble burst, there have been some positive signs over the past year. Most of the talk about the real estate market is about stabilization, with stagnation mentioned less often.
It took a little less than five years for Latvia to move from being the fastest growing economy in the EU to the fastest shrinking and then back to fastest growth again. This time the drivers of growth are different.
Estonia – the smallest Baltic State and one of the smallest European Union member-states – is located in the northern Europe, on the eastern shore of the Baltic Sea. In the east Estonia borders Russia, in the south – Latvia. Estonia has also a sea border with Finland in the north, in the Gulf of Finland, and Sweden in the west, in the ...
Republic of Latvia is located in the north-eastern Europe. It is washed by the Baltic Sea and the Gulf of Riga. In the north Latvia borders Estonia, in the east – Russia, in the south-east – Byelorussia, and in the south – Lithuania. The total length of the land border is1368 km, and the sea border – 498 km. The capital of Latvia – Riga is ...