Economic Situation in the Baltics
Episode II: Latvia's future as investment and growth region
Virtual Debate - from 11h30 to 12h45 CET
Welcome & Moderation
Dr. Florian HARTLEB
Political Scientist, Consultant and Expert; Co-founder of the European Foundation of Mittelstand
Opening
Valdis ZATLERS
Former President of Latvia
Keynote
Vilis ZINKEVICS
Deputy Head of Investment, Promotion Division, Investment and Development Agency of Latvia (LIAA)
Statements & Debate
Māris VAINOVSKIS
Senior Partner, Head of Banking and Finance and Corporate and Commercial practice group; Eversheds Sutherland Bitans; Board Member, Foreign Investors’ Council in Latvia (FICIL)
Olegs KRASNOPJOROVS
Chief Economist of the Monetary Policy Department, Bank of Latvia
Guntars KROLS
Investment Group Lead of American Chamber of Commerce in Latvia; Partner at Ernst & Young Baltic
Latvia’s future as investment and growth region Latvia, since long time, has been considered as one of the EU’s most advatageous hubs for foreign investment. The main reason for this situation, among others, is that it directly supports investors and is home to a competitive tax system with special incentives for foreign and domestic capital influx. Together with liberal economic policies and a developed infrastructure, Latvia plays a major role in making the Baltic region an important investment center.
Nevertheless, investors still point towards problems with the quality of laws that govern entrepreneurship as well as stability of the financial sector and communication with policy-makers. Geographical proximity to Russian Federation, after its aggressive invasion of Ukraine, is also perceived as higher risk and requires decisive political engagement.
What are the prospects for Latvia’s greater economic competitveness and of the Baltic region as a whole? What is needed for Latvia to continue inspire investors? These questions and more will be discussed in the upcoming episode of the three-part Baltic debates collection of SME Europe.
The publication of this document received financial support from the European Parliament. Sole liability rests with the author. The European Parliament is not responsible for any use that may be made of the information contained therein.