Lightguide is one of the world's leading companies in the design and manufacture of silica optical fibres and fibre optic products. The light-conducting fibres produced here are used in the manufacture of minimally invasive medical instruments, as well as in the production of fibre bundles that are further used by the world's leading industrial and scientific equipment designers and manufacturers.
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2024 at the Latgale SEZ Administration: powerful year for attracting investments and fostering new business venturesYear of 2024 marked a historic milestone for the Latgale Special Economic Zone (Latgale SEZ), achieving unprecedented success in attracting investments. A total of 11 investment agreements were signed, amounting to nearly €40 million, while 5 new companies joined the SEZ. These developments are expected to generate at least 78 new jobs in Latgale by the end of 2024.
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The Action Plan for Security and Growth on the Eastern Border provides extensive support for business and economic zones
The government on Tuesday, 14.01.2025. endorsed an Action Plan for the economic growth and security of the Eastern Border Region from 2025 to 2027, which will cost more than EUR 640 million.
The plan identifies the main challenges that need to be tackled in the eastern border area as a result of Russia's war against Ukraine. These challenges are common to countries bordering with Russia and Belarus in the EU and include the worsening of the already unfavorable economic situation, difficulties in maintaining business activity, for instance, small and medium-sized enterprises.
The negative impact on citizens' sense of security and increased social tensions have been cited as challenges, hence the need to strengthen societal resilience and preparedness.
Negative impacts on potential investment flows, disrupted transport corridors, and halted tourist flows were also mentioned in the action plan.
The measures included in the plan are aimed at strengthening security, economic development and human resources development.