The paper industry in Latvia has become one of the main sectors of the national economy in this country. It contributes to both internal and external economic processes, and the reason is that this industry occupies a role in the production of several types of items as well as in businesses related to imports and…
Latvia is now in the spotlight of the European market. And it shouldn’t be less. They have several successful industries and a big amount of foreign investments in sectors such as woodworking, metalworking and mechanical engineering, transport and storage, Information technology (including global business services), green technology, health care, life sciences and food processing. Latvia…
When it comes to starting a new business, it is common to see how many countries offer generous grants, credits and incentives to entrepreneurs working in fields related to business innovation, such as digital economy, energy efficiency, environment, globalization, and sustainability, among others. Nowadays, in countries like Latvia, companies have an ideal opportunity to qualify…
Nobody could probably deny that the furniture industry is a very important sector of Latvia’s economy. And this statement continues being true despite the serious impact that the behaviour of the global economy has had on the behaviour of Latvian economy in the last decade or so. The furniture industry has increased the value added…
The incomings of the external trade of goods in Latvia has improved by 12.7 percent m-o-m in September of the last year. On the contrary, there have been some drops: for example, the excess of imports over exports and the goods trade balance. They have decreased to EUR 115.9 million in September (and the…
The textile and clothing industry has always been one of the most important sectors in Latvian economy. One factor that contributes to its role in this economy is the cultural roots that it has always had. It relies mainly on natural materials, very high quality and innovative designs, without forgetting traditional values related to very…
Design is indeed one of the main industries in Latvian economy. It is no accident, for example, that the State Cultural Guidelines for 2014-2020 included it as one of the creative industries in the country, and it is not an accident either that the Design Council operates under the auspices of the Ministry of Economics.…
If you’re planning to do business in Latvia, it’s important as a foreigner to learn a little about the country and its customs, especially its customs and attitude towards business meetings and PR. When in the country you will see many ethnic groups such as Latvians (57.7%), Russians (29.6%), Belarusian (4.1%), Ukrainian (2.7%), Polish (2.5%),…
Brivais Vilnis is the biggest and most modern Joint stock Company for fish processing in Latvia. It operates in over 30 markets and is prepared with a fully equipped production line to manufacture and support just about any market. The Company was the first company in the Baltics to be awarded the certificate of compliance…
For those who don’t who don’t know, Latvia “is a country on the Baltic Sea between Lithuania and Estonia known for its strong national identity, diverse culture, modern cities and landscapes ranging from wide beaches to dense, sprawling forests.”, according to Wikipedia. Latvia is also famous for its many forests and it is called “the…