In connection with the Russian invasion of Ukraine, on the one hand, there are large investment plans on a break, but on the other hand, there are several sectors where investment is growing. There is also a great deal of interest in Eastern Europe, as value chains need to be restructured due to the effects of the covid and the war.
LIAA Deputy Director for Investment Laura Očagova.
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This year, there are already 29 new projects with the potential to create more than 5,000 jobs, and investment in these projects is around € 3 billion. Investors from neighboring countries are of great interest to Latvia, but not only that. Investors are also from the Nordic countries, Sweden, Germany, the Netherlands, the USA, France and other countries. The sectors with the highest investment are smart energy, smart materials, food, metalworking, woodworking, mechanical engineering, electronics, pharmaceuticals.
LIAA is ready to attract more investments, but in Latvia it is necessary to think about whether the infrastructure and labor force can be provided.
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