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Foreign investment increasing in Latvia

09.03.2012

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When it comes to Baltic investments, Latvia has seen a growth in money coming in from overseas, although the country still trails Estonia and Lithuania.

That's the bottom line reached by participants in a recently held debate entitled 'On Investment Environment and Quality' staged by Nozare.lv.

The Baltic Course reports that Latvia's economy minister Daniels Pavluts stated the amount of direct foreign investment coming into the country began to increase during 2010 and that is still continuing.

According to the news provider, Mr Pavluts said: "At the moment, accrued foreign investment in such sectors as financial services, real estate and trade still exceeds the amount of investments in manufacturing industry.

"We must also strive to achieve growth in this sector, since it is important for Latvia's economic stability and sustainability."

During the first nine months of 2011, direct foreign investment in Latvia totalled LVL 6.56 billion (£7.89 billion), a threefold increase on 2010.

KMS Baltics is a partnership of independent companies providing forestry investment management in Estonia, Latvia, the UK and Romania.

 
 
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