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Business Sweden in Latvia

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Sweden is well-known in the Baltic States and the growing market with 6.6 million people provides several business opportunities.

With a similar business climate, widespread cost-efficiency and a growing middle class in combination with good linguistic capabilities, the Baltics constitute an attractive marketplace, for both production and consumer-focused companies.

Swedish companies find well-balanced cost levels and a good strategic location of the country as some of the most attractive aspects for doing business in Latvia.

Swedish companies motivation to do business in Latvia is strengthened by good ICT infrastructure, easiness of establishing a company, reliable and hardworking labor force.

Tax system in Latvia is perceived as fairly good, however Swedish entrepreneurs believe that lower taxes would improve country’s competitiveness among other Baltic countries and more e-services would decrease bureaucracy.

Swedish companies also suggest that improvements in dispute settling system, more efficient enforcement of fair competition practices, reducing bureaucracy on different levels and fighting corruption are key areas for improvement of business climate.

From an infrastructure point of view Swedish companies would appreciate governmental efforts to improve roads in Latvia. Overall, there is fairly good availability of competent staff for different positions, however more initiative is expected from employees.

The surveys also reveal that Nordic companies are well perceived in Latvia.

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Ansis Murnieks

Manager Baltic States Manager Baltic States
+371 678 280 46
E-mail ansis.murnieks@business-sweden.se

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