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.
Investment and Development Agency of Latvian
Foreign Trade Promotion Department
Export provision division
Perses street 2, LV-1442, Riga, Latvia.
Telephone : +371 67039409
Cell phone : + 371 29750678
Telephone : +371 67039410
Cell phone : +371 29208617
or visit: www.liaa.gov.lv
For other business related information on Latvia, please see the following useful links:
Central Bank of Latvia
Ministry of Economics
Ministry of Finance
The Register of Enterprises of the Republic of Latvia