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

Elīza Grīnvalde

Associate / AML specialist (CAMS)

+371 22 403 488

eliza.grinvalde@vilgerts.comEmail

Vairis Dmitrijevs

Head of M&A

+371 29 258 370

vairis.dmitrijevs@vilgerts.comEmail

Related Experience

Providing legal assistance to one of the largest Latvian glass manufacturers in a cross-border dispute with Italian company regarding the delivered goods. On 26 June 2019 the court satisfied client’s request to ensure the claim by seizing the debtor’s financial means in Italy.

Representing a marine insurance company in litigation against a Latvian retailer regarding the retailer’s failure to pay for the delivered goods according to United Nations Convention on Contracts for the International Sale of Goods.

Representing a Latvian top 15 company in an ongoing collective dispute with several trade unions. The dispute concerns the interpretation of the rules that determine the amount of compensation that employees may claim in case of business trips or work travel trips.

Representing the client before the State Employment Inspectorate regarding alleged discrimination of employees on the grounds of family status. The case shall clarify, whether employees must issue health insurance to employees, who are on parental leave.

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