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Latvia

Consulting Services – Latvia

Latvia is one of the three former republics of the USSR that joined the EU in 2004. Despite having a relatively small domestic market, Latvia offers foreign investors a wide range of business opportunities. It has the sixth-highest GDP per capita in the region, which, combined with its skilled and competitively priced workforce and dynamic economic growth, make Latvia a particularly interesting investment destination for those investors who plan to ship their goods through the country’s Baltic harbours or who have aspirations of taking their goods or services to the Russian market (most Latvians speak Russian fluently). The most promising areas in terms of investment opportunities are biotechnology, food production, information and communication technologies (ICT), mechanical engineering and logistics.

Consulting services provided by PMR Consulting in Latvia

PMR Consulting has experience in conducting various types of advisory projects for the Latvian market. We offer market and industry analysis, including the estimation of market size, identification of key market players, forecasting of market size, specification of the distribution structure and providing an overview of the legal and competitive environment. In addition, our competencies in the Latvian market include analysis of our clients’ financial and investment activities. We are experienced and adept at supporting buy-side transactions (acquisitions), sell-side transactions (disposals), mergers and other fund-raising exercises.

General data

Area:
64,589 km²

Population:
2.2 million
 
Capital:
Riga

Official language:
Latvian

Ethnic groups:
62.1% Latvians, 26.9% Russians,
3.3% Belarusians, 2.2% Ukrainians,
2.2% Poles, 1.2% Lithuanians,
2.1% other
 
National boundaries:
Belarus 141 km, Estonia 339 km,
Lithuania 453 km, Russia 217 km
 
Currency:
Latvian lats (LVL)

Time zone:
GMT +2

Area code:
+371

Internet domain:
.lv

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