Economic Overview & Business Opportunities
With a coastline of 531km along the Baltic Sea, covered by woods, lakes and rivers, Latvia and its capital city Riga are the mid-point of Central Baltics. Latvia is bordered by Estonia, Lithuania, Belarus and Russia which makes it contact area between Russia and Western Europe in Baltic Sea region, with high geopolitical development potential. Being a center of Latvia, district of Riga concentrates nationally significant transportation, energetic, environmental and informatics infrastructures.
The Baltic Sea region is one of the most expanding regions of Europe. Because of its geographically beneficial location, Riga occupies determining role of building of new and competitive business region. With Latvia’s strategic location among the Baltic States Riga is the perfect gate for business between East and West.
Open market economy: EU, NATO, WIPO – (World Intellectual Patent Organization), WTO – (World Trade Organization ) membership which means that it is safe business environment
With boarders to the west to the Gulf of Riga and the Baltic Sea, to Estonia in the north, Russia (east), Belarus (south-east) and Lithuania (south) you can’t find a more convenient place to establish your business in northern Europe.
Latvia and Riga is one of the leading cities in Europe when it comes to commercial Internet usage.
* 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;
* in Latvia there are no restrictions to a different treatment of foreign investments and companies.