.
Doing Business in Latvia
Contact & Social Networks
Syllabus of the Subject - Foreign Trade and Business in Latvia .
Riga.
Introduction to the Republic of Latvia (European Union);
Latvian Economy;
Doing Business in Riga;
Latvian Foreign Trade;
Foreign Direct Investment in Latvia;
Access to the Latvian Market;
Business Plan for Latvia.
Objectives
The objectives of the subject “International Trade and Business in” Latvia” are the following:
To analyze the Latvian Economy and Global Trade;
To know the business opportunities in the Latvian Market;
To analyze the trade relations of Latvia with the country of the student;
To know the Latvian free trade agreements as a member of the European Union;
To develop a business plan for the Latvian Market.
Related Education
International Trade and Business in Latvia
Logistics
Transport Corridors related to Latvia North Sea-Baltic Transport Corridor (Finland, Estonia, Latvia, Lithuania,
Poland, Germany, Netherlands, Belgium) ;
Access to the
Trans-Siberian Railway (Russia, Mongolia, China, North Korea) ;
Pan-European Corridor II;
Pan-European Corridor IX.
Preferential Access
Trade Facilitation
Organizations
European Trade and Economic Organizations of Latvia
European Union European Central Bank;
European Investment Bank (EIB );
European Bank for Reconstruction and Development;
Group of States of the European Council Convention against Corruption (GRECO);
EU-CELAC Summit.
Economic Commission for Europe (UNECE );
Organization for Security and Cooperation in Europe (OSCE ).
Global Organizations :
Organization for Economic Cooperation and Development (OECD )
OECD anti-corruption measures.
United Nations (UN )
Conference on Trade and Development (UNCTAD );
International Trade Centre (INTRACEN );
World Intellectual Property Organization (WIPO ).
World Bank (WB );
World Trade Organization (WTO );
International Monetary Fund (IMF);
Asia-Europe Meeting (ASEM ).
Latvia
The Republic of Latvia (Europe).
Latvian Capital: Riga;
Official Language of Latvia: Latvian;
Latvian Area: 64,590 square kilometers;
Latvian Population: 2 million people;
Type of Government of Latvia: Parliamentary Republic;
Borders of Latvia: Estonia , Lithuania and Belarus ;
Independence of Latvia from the Soviet Union: 1991.
Religion in Latvia: Christianity .
Protestantism :
Latvian Evangelical Lutheran Church (35%);
Catholicism (25%);
Orthodoxy (20%).
Latvia belongs to the Western Civilization (European Economic Area).
Economy
Economy of Latvia .
The Republic of Latvia is ranked 21st in the world (Index of Ease of Doing Business, World Bank);
Latvia, Estonia and Lithuania are the so-called Baltic Tigers ;
According to the Human Development Report (United Nations), Latvia belongs
to the very high human development countries group ;
Financial crisis in 2008-2009;
Latvian GDP (nominal): 41,005 million dollars;
GDP per capita of Latvia: 16,620 dollars;
Latvian Currency: Euro (2014);
Latvia is a member of the European Union since 2004;
Headquarters of the Office of the Body of the European Regulators for Electronic Communications (BEREC
Office): Riga (Latvia);
The main Latvian economic sectors are tourism, agriculture, textiles and steel metallurgy;
The privatization process in Latvia has virtually ended.
Global Trade
Latvian Foreign Trade
The main Latvian Exports are foods, wood and wood products, metals, machinery and equipment, textiles;
Top export markets:
The United Kingdom, Sweden and Germany;
The main Latvian imports: machinery and equipment, consumer goods, chemical products, fuels;
The main suppliers of Latvia: Russia, Germany and Lithuania;
As a member of the European Union, Latvia is a beneficiary of the EU Free trade agreements with India, Mexico, MERCOSUR, South Korea, Peru, the ASEAN, Egypt, Jordan, Lebanon, Ukraine, Moldova, Georgia...
(c) EENI
(c) EENI Global Business School (1995-2023)
We do not use cookies
Top of this page