Latvian economy continues expanding

Elīza Grīnvalde and Vairis Dmitrijevs attended the Nordic Baltic Business Forum ‘18. The key aspects of the business forum was increasing Latvia’s competitiveness for Nordic investments and vision of the next century - innovation, cooperation and growth.

Some key points of the forum:

  • Investment in IT field in Latvia increased the most in 2016 and 2017;
  • Unemployment rate in Latvia is decreasing continuously;
  • Wage level is increasing significantly;
  • Construction activity has 30% growth in recent years;
  • Despite growing pressure in the labour market, domestic labour pool is not exhausted;
  • Unemployment rate according to education level of unemployed persons - the higher education, the lower unemployment rate.

Latvia is becoming more and more welcoming place not only to invest in, but also to do your business and base your life in.

by Elīza Grīnvalde, Associate / AML specialist (CAMS), Latvia

Related Lawyers

Related Experience

Provided legal advice on the possible effect to the commercial activities of the client’s group companies in relation to OFAC sanctions imposed to Aivars Lembergs.

Assisted various legal service providing companies throughout year 2019 by developing their internal AML/KYC procedures.

Audited consumer financing service provider Creamfinance and developed its internal AML/KYC procedure.

Assisted East Capital Baltic Property Fund III in acquiring Logistic Park near Riga International Airport for nearly 19 million euros. VILGERTS provided 100% legal support in the process including financing arrangements.

YouTube

Instagram