Joining the EU in 2004, Latvia’s 118 administrative divisions have been divided into five planning regions and four Special Economic Zones offering some of the most favourable tax environments in the Baltic.

Key sectors include

1. Agriculture and agricultural machinery
2. Electronics
3. Electrical engineering
4. Chemicals and pharmaceuticals
5. Food and Beverage production and processing
6. Textiles and Synthetic fibers
7. Timber and wood processing
8. ICT, IT and SSC/BPO.

Foreign investment in energy and raw materials is a top priority – renewable energy and on- and offshore wind power in particular.

Also tourism and culture (including film production), education and business services present industries with much opportunity for growth.

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