Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
investment in Latvia declines
Economy

Investment in Latvia showed a decline in 2022

11.08.2023
2 min read

Investment in Latvia depends on an improved economic environment

According to economists, investment in Latvia will decline in 2022. Experts have ranked the state of the investment environment. On a 5-point scale, last year’s investment volume was 2.3. By comparison, in 2021, the investment climate was 2.9, and in 2020 it was 2.7.
Experts note that there is instability in the Latvian market, which makes investors more cautious. At the same time, surveys show that 79% of foreign investors are ready to invest in the country, while 15% have so far suspended their projects here. 6% have not yet decided on their next steps.
In addition to the general outlook, the economists assessed other factors affecting Latvia’s investment environment. For example, politicians were rated at 2.7. Adherence to corporate governance principles for companies with state capital in Latvia is 2.9 out of 5, and for companies with municipal money, it is 2.6. The score for public sector activity was 2.4. The main focus here was on the ability of such authorities to react quickly to problems and solve them. Meanwhile, investors believe that several challenges need to be addressed as soon as possible in order to improve the business environment. However, the experts gave a score of 3.2 to the productivity of cooperation with government agencies. There are some communication problems that need to be addressed.investment in Latvia

Challenges of the investment climate in Latvia

According to investors, many processes in Latvia need to be reformed. It is essential to pay attention to the mechanisms of public administration and to accelerate digitalisation. The education system also needs to be modernised, as do approaches to sustainable development and energy independence.
Economists noted that investors’ expectations for 2022 were more optimistic, while the results fell short of their forecasts. However, the authorities believe that despite the challenges, important programmes have been launched over the past period. These will help improve the country’s business environment. According to the Ministry of Economy, the global crisis has limited the sector’s development. Fixing the problems that have arisen has taken a lot of effort.
In Latvia, the digitalisation process is making little progress. Only now has a decision been taken to establish a unified management system at the state level. Experts believe that another problem in the country is the lack of planning and support for changes that affect the strategic development of the economy. To improve the situation, we need to start at the regional level, and that requires specialists, whose shortage is severe in Latvia.

Tags: Economy
0
Previous Post Jordan Belfort: the biography of the real "Wolf" of Wall Street Next Post Corporate bonds bring in US$8.5 billion for Meta

You Might Also Like

brand valuation
Economy
Brand valuation of different countries: rating review
25.08.2020
Ministry of Finance and Central Bank
Economy
The Ministry of Finance and the Central Bank announced the withdrawal of the country’s main regulator from Sberbank capital
13.12.2020
Introduction of import duties
Economy
Introduction of import duties: how did the United States respond to the French digital tax?
14.10.2020
German government
Economy
German government adopted a new budget, taking into account the national debt
13.12.2021
The world's largest oil company Saudi Aramco
Economy
Saudi Aramco plans to cooperate with Russian energy companies
29.10.2021
household debt
Economy
US household debt increases: FRB reporting results
14.09.2020

Popular Posts

  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Spain’s economy performs best in the EU
  • Li Ka Shing: How can success be achieved without money and education?

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Popular Posts

  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Spain’s economy performs best in the EU
  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics