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BUSINESS AND INVESTMENT ENVIRONMENT

Riga is an open and attractive business environment for foreign investments. The most important factors that contribute to the attractiveness of the city for foreign investors are the favourable geographical location, productive human resources, relatively low cost of doing business, good cost efficiency indicators, sorted and liberal legislation, as well as the availability of the infrastructure. Riga has well developed transport and energy resources infrastructure, while information and communications technology infrastructure is one of the most highly-developed in all the Nordic region.

Rating of Latvia in the World Bank Doing Business 201714th place among world countries
6th place among the Member States of European Union
Standard & Poor’s credit rating for Riga (2016)BBB+/A-2
Foreign direct investments in Latvia (2015)13 545.5 million EUR
Foreign direct investments in Latvia by groups of countries (2015)EU countries- 63 %
Lithuania and Estonia – 11 %
CIS – 11 %
Other countries – 14 %
Accumulated foreign direct investments in share capital of enterprises registered in Riga, billion EUR (2016)5 789.7 million EUR
Non-financial investments in Riga (in 2015 comparative prices; million EUR)2 534.3 million EUR
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