Invest in Latvia

Exciting developments are unfolding at the 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗮𝗻𝗱 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝗔𝗴𝗲𝗻𝗰𝘆 𝗼𝗳 𝗟𝗮𝘁𝘃𝗶𝗮 - 𝗟𝗜𝗔𝗔 under our new Director, Ieva Jagere EMBA. With extensive experience in finance and investment consulting, Ieva is poised to drive significant growth and innovation in Latvia.🇱🇻 🚀 In her own words, "After many years in the private sector, where I gained extensive experience in finance and investment consulting, as well as at Altum, I realized it was time to take the next step and contribute to my country, Latvia, in a role where I can make the most impact."💼 𝗪𝗶𝘁𝗵 𝗵𝗲𝗿 𝗹𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽, 𝗟𝗜𝗔𝗔 𝗶𝘀 𝘀𝗲𝘁 𝘁𝗼: ✔️ 𝗦𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝗲𝗻𝗶𝗻𝗴 𝘁𝗵𝗲 𝘁𝗲𝗮𝗺: We are expanding our investment attraction division from 9 to 33 professionals to engage with potential investors proactively. ✔️𝗘𝗻𝗵𝗮𝗻𝗰𝗶𝗻𝗴 𝗲𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆: We are simplifying our internal processes to provide faster and more effective support for businesses and investors. ✔️𝗣𝗿𝗼𝗺𝗼𝘁𝗶𝗻𝗴 𝗲𝘅𝗽𝗼𝗿𝘁𝘀: We are helping Latvian companies enter new international markets and increase their global presence. ✔️𝗜𝗺𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝗶𝗻𝗴 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀: We are adopting digital tools to improve our services and support the business community. Ieva emphasizes the importance of harnessing LIAA's existing infrastructure and increasing the number of employees in the investment department to improve foreign investment in Latvia significantly. ✨ 𝗙𝘂𝗹𝗹 𝗶𝗻𝘁𝗲𝗿𝘃𝗶𝗲𝘄 𝗵𝗲𝗿𝗲! 👇

🎊 𝗧𝗵𝗲 𝗻𝗲𝘄 𝘆𝗲𝗮𝗿 𝗵𝗮𝘀 𝗷𝘂𝘀𝘁 𝗯𝗲𝗴𝘂𝗻, 𝗯𝘂𝘁 𝗟𝗮𝘁𝘃𝗶𝗮 𝗶𝘀 𝗮𝗹𝗿𝗲𝗮𝗱𝘆 𝗴𝗲𝗮𝗿𝗶𝗻𝗴 𝘂𝗽 𝗳𝗼𝗿 𝗮𝗻 𝗮𝗺𝗯𝗶𝘁𝗶𝗼𝘂𝘀 𝟮𝟬𝟮𝟱!🎊 With over 250 million EUR in EU and national funding, Latvia is set to empower businesses and strengthen its economy. What is on the horizon: 🟣 𝗗𝗿𝗶𝘃𝗶𝗻𝗴 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻𝘀 – Funding for cutting-edge technologies, dual-use products, and new production facilities. 🟣 𝗚𝗿𝗼𝘄𝗶𝗻𝗴 𝗴𝗹𝗼𝗯𝗮𝗹 𝗿𝗲𝗮𝗰𝗵 – Capital loans with discounts for large projects to drive export growth. 🟣 𝗚𝗿𝗲𝗲𝗻 𝗲𝗻𝗲𝗿𝗴𝘆 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 – 173 million EUR for energy efficiency in residential buildings and 114 million EUR for public sector improvements. 🟣 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀-𝗳𝗿𝗶𝗲𝗻𝗱𝗹𝘆 𝗲𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁 – Simplified regulations and reduced bureaucracy to attract investments. 🟣 𝗦𝗸𝗶𝗹𝗹𝗲𝗱 𝘄𝗼𝗿𝗸𝗳𝗼𝗿𝗰𝗲 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 – Programs to upskill talent and integrate international graduates into the workforce. 𝗚𝗿𝗲𝗲𝗻𝗲𝗿, 𝘀𝗺𝗮𝗿𝘁𝗲𝗿, 𝗮𝗻𝗱 𝗺𝗼𝗿𝗲 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝘁𝘃𝗶𝗮 𝘁𝗼𝗴𝗲𝘁𝗵𝗲𝗿! 🌱 📈 💪 Source: Ekonomikas ministrija/ Ministry of Economics #MissionLatvia #EUfunds #InvestInLatvia #Innovation #Sustainability #ExportGrowth #GreenEnergy

📈 𝗟𝗮𝘁𝘃𝗶𝗮𝗻 𝗦𝘁𝗮𝗿𝘁𝘂𝗽𝘀 𝗛𝗮𝘃𝗲 𝗮 𝗦𝘂𝗰𝗰𝗲𝘀𝘀𝗳𝘂𝗹 𝟮𝟬𝟮𝟰! In 2024, innovative Latvian startups have attracted over 𝟮𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗘𝗨𝗥 𝗶𝗻 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀, showing that Latvia is becoming an essential player in high technology. Latvian companies are working on important solutions, from 𝗳𝗶𝗻𝘁𝗲𝗰𝗵 𝘁𝗼 𝗱𝗲𝗳𝗲𝗻𝘀𝗲 𝗮𝗻𝗱 𝗮𝗿𝘁𝗶𝗳𝗶𝗰𝗶𝗮𝗹 𝗶𝗻𝘁𝗲𝗹𝗹𝗶𝗴𝗲𝗻𝗰𝗲. 💳 🤖 𝟮𝟬𝟮𝟰 𝘀𝘁𝗮𝗻𝗱𝗼𝘂𝘁 𝘀𝘂𝗰𝗰𝗲𝘀𝘀𝗲𝘀: ✈️ Origin Robotics: Received 8.5 million EUR to develop new drone system solutions that are much more efficient than similar products. 💰 Mintos: Attracted 5.1 million EUR to expand their financial technology platform, which already manages over 600 million EUR and serves over 500,000 users. 🌍 Jeff App: Received 2 million EUR to develop their operations in Asia, achieving high Deloitte and Sifted ratings rankings. 📦 𝗦𝗼𝗿𝘀𝗲𝗿𝗮: Received 1.27 million EUR to improve supply chains with the help of artificial intelligence. 💡 Latvia's startup successes have significantly elevated its status as a hub for innovation and high technology. This improves collaboration with global partners and drives growth in the region. #StartupLatvia #InvestInLatvia #Innovation #TechLeadership #AI #Fintech #MissionLatvia

🌍 𝗡𝗲𝘄 𝗖𝗮𝗿𝗴𝗼 𝗖𝗼𝗻𝗻𝗲𝗰𝘁𝗶𝗼𝗻 𝗕𝗲𝘁𝘄𝗲𝗲𝗻 𝗥𝗶𝗴𝗮 𝗮𝗻𝗱 𝗖𝗲𝗻𝘁𝗿𝗮𝗹 𝗔𝘀𝗶𝗮! Uzbekistan’s airline Fly Khiva is strengthening ties between Central Asia and Europe with its 𝗧𝗮𝘀𝗵𝗸𝗲𝗻𝘁–𝗥𝗶𝗴𝗮–𝗧𝗮𝘀𝗵𝗸𝗲𝗻𝘁 𝗰𝗮𝗿𝗴𝗼 𝗿𝗼𝘂𝘁𝗲. Since summer, Fly Khiva has completed several flights, connecting goods to markets in France, Belgium, Poland, Germany, and Scandinavia. 🛫 With demand growing, Fly Khiva plans to increase flight frequency, reinforcing RIX Riga Airport role as a vital hub for cargo between Asia and Europe. 🌐📦 This route opens new possibilities for businesses to reach international markets efficiently. #MissionLatvia #RigaAirport #aviation #cargo #development

🌍 𝗟𝗮𝘁𝘃𝗶𝗮 𝗔𝘁𝘁𝗿𝗮𝗰𝘁𝘀 𝟲𝟱𝟱.𝟰𝗠 𝗘𝗨𝗥 𝗶𝗻 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀 𝗮𝗻𝗱 𝗖𝗿𝗲𝗮𝘁𝗲𝘀 𝟮,𝟬𝟮𝟯 𝗝𝗼𝗯𝘀 𝗶𝗻 𝟮𝟬𝟮𝟰!🇱🇻 This year, Latvia achieved impressive results in investment attraction, with 45 projects driving growth in 𝗺𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗶𝗻𝗴, 𝗜𝗖𝗧, 𝗲𝗻𝗲𝗿𝗴𝘆, 𝗮𝗻𝗱 𝗮𝘃𝗶𝗮𝘁𝗶𝗼𝗻. 𝗞𝗲𝘆 𝗵𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀: 🌱 𝟭𝟭𝟰𝗠 𝗘𝗨𝗥 𝗔𝘀𝗻𝘀 𝗜𝗻𝗴𝗿𝗲𝗱𝗶𝗲𝗻𝘁 𝗽𝗹𝗮𝗻𝘁– Northern Europe’s largest pea protein facility. 🌾 𝗚𝗼𝗹𝗱𝗲𝗻 𝗙𝗶𝗲𝗹𝗱𝘀 𝗙𝗮𝗰𝘁𝗼𝗿𝘆 𝗟𝗩 in Liepāja – 16M EUR invested to process 50,000 tonnes of pulses annually. 💻 Tech Mahindra opened in Riga, creating 500 new jobs. ✈️ Norse Atlantic Airways announced plans for a business services center in Riga. "Despite global challenges, we have increased investments by 6% compared to last year. By reorganizing and expanding our team, we are on track to reach 1B EUR annually within five years," said Laura Štrovalde, Deputy Director of LIAA. Latvia’s focus on sustainable growth, green energy, and innovation positions the country as a key destination for high-value investments. 👇 Read more! #MissionLatvia #InvestInLatvia #Sustainability #Innovation #EconomicGrowth

🎄 ✨ 𝗪𝗶𝘀𝗵𝗶𝗻𝗴 𝘆𝗼𝘂 𝗮 𝗳𝗲𝘀𝘁𝗶𝘃𝗲 𝗳𝗹𝗼𝘄 𝗼𝗳 𝗳𝗿𝗲𝘀𝗵 𝗶𝗱𝗲𝗮𝘀 𝗮𝗻𝗱 𝗶𝗻𝘀𝗽𝗶𝗿𝗮𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝗻𝗲𝘄 𝗮𝗰𝗵𝗶𝗲𝘃𝗲𝗺𝗲𝗻𝘁𝘀!🎄 ✨ Like the clever black cat from Latvia’s award-winning 𝗙𝗹𝗼𝘄 🐈⬛ animation, may creativity and innovation inspire your journey this holiday season! 𝗛𝗮𝘃𝗲 𝗮 𝗷𝗼𝘆𝗳𝘂𝗹 𝗖𝗵𝗿𝗶𝘀𝘁𝗺𝗮𝘀 𝗮𝗻𝗱 𝗮 𝗯𝗿𝗶𝗴𝗵𝘁 𝗡𝗲𝘄 𝗬𝗲𝗮𝗿! 🎁

🌱 𝗔𝘀𝗻𝘀 𝗜𝗻𝗴𝗿𝗲𝗱𝗶𝗲𝗻𝘁 𝗟𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝟭𝟭𝟰𝗠 𝗘𝗨𝗥 𝗙𝗮𝗰𝘁𝗼𝗿𝘆 𝗶𝗻 𝗝𝗲𝗹𝗴𝗮𝘃𝗮 🇱🇻 📅 On December 20th, Investment and Development Agency of Latvia (LIAA) Director Ieva Jagere EMBA, Minister for Economics Viktors Valainis, LPKS LATRAPS Chairman Valters Bruss, and other key leaders gathered in Jelgava to mark the start of construction on 𝗡𝗼𝗿𝘁𝗵𝗲𝗿𝗻 𝗘𝘂𝗿𝗼𝗽𝗲’𝘀 𝗹𝗮𝗿𝗴𝗲𝘀𝘁 𝗽𝗲𝗮 𝗽𝗿𝗼𝘁𝗲𝗶𝗻 𝗶𝘀𝗼𝗹𝗮𝘁𝗲 𝗽𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻 𝗽𝗹𝗮𝗻𝘁. 🏗️ 𝗪𝗶𝘁𝗵 𝗮 𝟭𝟭𝟰𝗠 𝗘𝗨𝗥 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁, the factory will process 𝟳𝟬 𝟬𝟬𝟬 𝘁𝗼𝗻𝘀 𝗼𝗳 𝗽𝗲𝗮𝘀 𝗮𝗻𝗻𝘂𝗮𝗹𝗹𝘆, producing high-value products like pea protein isolate, starch, protein concentrate, and fiber for export to Western Europe and the Americas, where demand for plant-based solutions is rapidly growing. 🚀🌿 🤝 The project, driven by Latraps and international collaboration, will create 100 new jobs, strengthen Latvia's bioeconomy cluster, and contribute to EU climate goals through sustainable practices, positioning the country as a leader in innovative and green industries. ⏳ Construction will finish in 2026, with full production by 2027, showcasing Latvia’s ability to attract major investments and lead sustainable innovation. 🌿✨ #MissionLatvia #InvestinLatvia #Investment #Sustainability #Innovation #Bioeconomy #PeaProtein

𝗟𝗮𝘁𝘃𝗶𝗮 𝗶𝘀 𝗰𝗿𝗲𝗮𝘁𝗶𝗻𝗴 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗳𝗼𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀 𝘁𝗼 𝗴𝗿𝗼𝘄 𝗮𝗻𝗱 𝘀𝘂𝗰𝗰𝗲𝗲𝗱! In 2025, Latvia will offer over 𝟮𝟱𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗘𝗨𝗥 in EU and state funding to support businesses in 𝗯𝗼𝗼𝘀𝘁𝗶𝗻𝗴 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲𝗻𝗲𝘀𝘀, 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻, 𝗮𝗻𝗱 𝗲𝘅𝗽𝗼𝗿𝘁𝘀. The Ministry of Economics has allocated 𝟭𝟮𝟮.𝟴 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗘𝗨𝗥, or 61% of its budget, to initiatives that drive growth and sustainability, focusing on: 📊 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻. Research, product development, and commercialization. 📈 𝗗𝗶𝗴𝗶𝘁𝗮𝗹𝗶𝘇𝗮𝘁𝗶𝗼𝗻. Automation, robotics, and workforce upskilling. ⚡ 𝗘𝗻𝗲𝗿𝗴𝘆 𝗘𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆. Renewable energy technologies and resource optimization. 🌍 𝗘𝘅𝗽𝗼𝗿𝘁𝘀 𝗮𝗻𝗱 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀. Programs to expand international reach and attract high-value foreign investment. 🇱🇻Latvia’s focus on innovation and sustainability and success stories of attracting significant investments make it a strong choice for businesses looking to grow in Europe. Read more 👇 #EUfunds #InvestInLatvia #Innovation #ExportOpportunities #MissionLatvia

𝗟𝗮𝘁𝘃𝗶𝗮𝗻 𝗖𝗼𝗻𝘀𝘁𝗿𝘂𝗰𝘁𝗶𝗼𝗻 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗮𝘁 𝗝𝗔𝗣𝗔𝗡 𝗕𝗨𝗜𝗟𝗗 𝗧𝗢𝗞𝗬𝗢 𝟮𝟬𝟮𝟰 🇱🇻🇯🇵 From December 11 to 13, 2024, Latvian engineering, furniture, manufacturing, energy, construction, and finishing material companies participated in JAPAN BUILD TOKYO 2024, Japan’s leading international construction exhibition. Representing Latvia were: Volko Engineering, Nordi, WENDEN FURNITURE, AM Energy, SIA PK SERVISS and Silk Plaster Group showcasing innovative solutions and exploring new opportunities in the Japanese market. 🏗️🔋 During the event, Edmunds Valantis, the State Secretary of the Ekonomikas ministrija/ Ministry of Economics, visited the Latvian stand and joined the companies to strengthen Latvia’s presence at the exhibition. JAPAN BUILD TOKYO provides a unique platform for exploring cutting-edge technologies in green building, smart home solutions, and energy efficiency while fostering valuable international collaborations. As Latvia prepares for The Baltics at Expo 2025 Osaka, such events play a vital role in strengthening our global presence and fostering valuable partnerships at both business and government levels. 📯Stay tuned for more updates on Latvia’s international activities! #Latvia #japanbuildtokyo2024 #constructionindustry #businessopportunities #Innovation #Osaka #EUfunds #EUinmyregion #InvestEU

💡 On December 5, the fintech communities of Latvia and Israel came together for a Riga-Tel Aviv FinTech Happy Hour to discuss how to unlock the EU market with a MiCA license in Latvia. The event presented an impressive programme and lineup of speakers: 🔹 Marine Krasovska / Head of FinTech supervision department at Latvijas Banka: Bank of Latvia Support Instruments in FinTech Licencing. 🔹 Reinis Znotins / Executive Director at The Latvian Blockchain Association (LBAA): Unlock the EU Market With MiCA License in Latvia. 🔹 Renat Lokomet / Strategic Partner at Venture Faculty: Fintech Investment Opportunities in Latvia. 🔹 Questions and answers with Latvian Regulator. 🔹 Panel discussion about MICA Licence: opportunities and limitations for Israeli FinTech sector. Latvia is emerging as a hotspot for fintech innovation, and the MiCA license can open doors to new opportunities in the European market. ✨ Whether you're a seasoned professional or just curious about the fintech landscape, catch the recap on our YouTube channel to discover all the details 🎥 https://lnkd.in/djK7g2PK The event was organized by our representative office in Israel - Innovate Latvia | Israel Office / Irina Rubinchik. #missionLatvia #NextGenerationEU #NextgenEU #InvestEU #FinTech