Export and investment characteristics
The highest earning companies in Latgale are in the business of manufacturing goods.
Top 5 companies in 2013 by turnover:
- Euro Energo Company, SIA (wholesale)
- Preilu siers, AS (food production)
- PETROACTIV LATVIA, SIA (wholesale)
- SEPA OIL, SIA (wholesale)
- Mamas D, SIA (production of various chemicals)
The amount of foreign investment in the region
More than 4% of companies in Latgale have attracted direct foreign investments. This is the highest indicator in the country where on average only 3% of companies have managed to attract foreign investments. Almost one fifth of the companies with foreign investments are in the business of retail and additionally 15.57% are in wholesale trade.
Some of the biggest investors in the companies of Latgale are from Russia, Estonia, Germany, Switzerland, Lithuania, Denmark, Luxemburg and others.
The most attractive places for investments are in cities because of the infrastructure. Most of the foreign capital is located in Daugavpils and Rezekne. A single large investment in the county of Ilukste makes it one of the top places with foreign funding in the region.
The export performance of the region
|Group of companies||Companies in the group||Export value for the group, EUR|
|2 - 3 million EUR||14||33,512,305|
|3 - 5 million EUR||10||40,864,362|
|5 - 10 million EUR||8||63,305,052|
|10 - 20 million EUR||5||70,420,724|
|20+ million EUR||4||110,164,700|
There are 41 companies whose export exceed more than 2 million EUR per year and these companies exported more than 315 million EUR worth of goods in 2013. According to the information provided by Central Statistical Bureau of Latvia 4 companies have managed to export more than 20 million EUR worth of goods.
The largest exporting companies are listed below:
SIA „Nexis Fibers”; SIA”Petroactiv Latvia”, AS „Preiļu Siers”, SIA „Axon Cable”, SIA”Euro Energo Company”, SIA”Intergaz”, SIA”Biznes Solution”.