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Latgale is a region with many opportunities and advantages. One of which is its location – at the very edge of European Union at the border of Russian Federation and the Republic of Belarus. The region attracts investors from the East because they are interested in developing and expanding export into Europe. These efforts are supported by a developed transport infrastructure that eases the planning of logistics.

Businesses from European Union choose to base their manufacturing in Latgale because of lowered costs of production – cheaper workforce, taxes and raw materials). Local governments have prioritized their efforts to develop industrial infrastructure and are supportive of new investors that can aid in the development of the region.

Significantly lower tax rates in the Special Economic Zone of Rezekne, the availability of various European Union grants and the residency permit program for non-EU nationals and other instruments supports Latgale as an attractive place for investments.

Latgale is also well suited for various recreation opportunities because of its nature – numerous lakes and lush forests and an overall green environment. A special kind of investment with high potential can be made in the “black gold” of Latgale – sapropel that can be extracted from the bottom of numerous lakes and is used as an excellent fertilizer or a beauty product.

Aspects in favor of investments:

  • Infrastructure for manufacturing (for metalworking and engineering, textiles, woodworks, production of food and beverages);
  • Diversity of natural resources (water, land, forests, sapropel);
  • “Eco” friendly environment (for tourism, SPA, Eco food production).

 

Twitter

Nov 14
RT @J_Hermanis: Apstrādes rūpniecības ražošanas apjoma izmaiņas Baltijas valstīs 🇱🇹🇱🇻🇪🇪 / Vācijā 🇩🇪 / ES 🇪🇺 https://t.co/Q2DMrkB8ap https:/…
Nov 14
RT @RezeknesPilseta: "Latgales pilsētu stāsti: nezināmais par zināmo": Rēzekne https://t.co/71Ok1KTqSP via @YouTube
Nov 14
RT @EM_gov_lv: @EM_gov_lv resora 47% no #Budžets2020 ir plānoti enerģētikas politikas ieviešanai - 49 377 243 EUR. Infografika: enerģētikas…
Nov 14
RT @J_Hermanis: Darbinieku stundas izmaksas veselības aprūpes nozarē Eiropas valstīs 2018.g. https://t.co/PYsMMP00r7 https://t.co/KpYNq9gRdk
Nov 14
Zināmi ’’Latgales reģiona uzņēmēju gada balva 2019" uzvarētāji https://t.co/e4Jvvn8rpM via @LatgalesRegions