Doing Business in Latvia
The Latvian economy since 2000 has been one of the fastest expanding in the European Union, with growth annually averaging almost 8.0%. In 2006 the economy grew 12.2% and a further 10.3% in 2007. In 2008 the economy slowed as the pace of world economic growth slowed sharply. 2009 has seen the pullback continue as excesses in the economy built-up in recent years have unwound, not helped by the slump in the world economy, especially key export markets like Europe and Russia.The 2008-2009 pullback is seen as positive as it will help put the economy on a more well-balanced keel.
LIAA - One-Stop-Shop for Foreign Investors
and Buyers interested in Latvia
The Investment and Development Agency of Latvia (LIAA) is a state institution reporting to the Ministry of Economy. LIAA offers assistance throughout the process of setting up operations in Latvia, acting as a first point of contact and as a 'one-stop-shop' in assisting investors and in developing tailored solutions to meet their specific needs. The Agency has its own regularly updated database of Latvian enterprises to facilitate partner searches for investment projects and for exporting or subcontracting businesses.
Latvian Investment and Development Agency
US enquiries: please call or email:
Aija Jaunzeme
Tel: +371 67039408 aija.jaunzeme@liaa.gov.lv
Andra Minkeviča
Tel: +371 67039466 andra.minkevica@liaa.gov.lv
or visit: www.liaa.gov.lv
For other business related information on Latvia, please see the following useful links:
Central Bank of Latvia
www.bank.lv
Ministry of Economics
www.em.gov.lv
Ministry of Finance
www.fm.gov.lv
The American Chamber of Commerce in Latvia
www.amcham.lv
The Commercial Section of the US Embassy in Latvia
www.buyusa.gov/baltics/en
The Register of Enterprises of the Republic of Latvia
www.ur.gov.lv
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