
NEXT GENERATION AMBASSADOR
MEET NIKOLA
My name is Nikola, I am a young entrepreneur and I would like to share my firsthand experience of the Latvian business environment. Latvia is a small country with global ambitions, where entrepreneurship is embedded in my everyday life. The accessibility of infrastructure and collaborative spaces allows founders to quickly connect with the necessary resources. There are many ambitious technology and fintech startups that operate confidently in international markets while remaining rooted in Riga. In my experience, there is a vibrant startup culture that thrives on collaboration. Ultimately, Latvia’s size is its strength, enabling fast decision-making and strong talent with global reach. Experience it firsthand at EBRD 2026 in Riga, Latvia.
Latvia: european Efficiency,
Nordic-Baltic Values
Welcome to Latvia—a small, agile, and effective European Nordic country where business is conducted efficiently, where decisions are made swiftly, supported by digitally advanced public services.
As an European Union and Eurozone member since 2004 and NATO ally for 20 years, we offer stability backed by an A-credit rating and rank 17th on the Economic Freedom Index (Heritage Foundation, 2023).
Our 2nd most competitive tax system worldwide (International Tax Competitiveness Index 2025) reflects our commitment to straightforward, reliable business practices without hidden obstacles and transparency as core value.
Our strategic location provides access to 400 million EU consumers within 3 hours flight, with operating costs lower than Western Europe.
And of course, our people are our strongest asset: 72% of young professionals speak 3+ languages, combining technical excellence, creativity, and an international mindset.
Small country. Smart business. Solid partnerships.

NEXT GENERATION AMBASSADOR
MEET NIKOLA
My name is Nikola, I am a young entrepreneur and I would like to share my firsthand experience of the Latvian business environment. Latvia is a small country with global ambitions, where entrepreneurship is embedded in my everyday life. The accessibility of infrastructure and collaborative spaces allows founders to quickly connect with the necessary resources. There are many ambitious technology and fintech startups that operate confidently in international markets while remaining rooted in Riga. In my experience, there is a vibrant startup culture that thrives on collaboration. Ultimately, Latvia’s size is its strength, enabling fast decision-making and strong talent with global reach. Experience it firsthand at EBRD 2026 in Riga, Latvia.
LATVIA UNCOVERED
BUSINESS
THE BALTIC BUSINESS ADVANTAGE
Latvia combines Nordic reliability with Baltic agility. We are a small nation delivering world-class results – ranked 19th globally for ease of doing business, where launching a company takes just one day and 99.8% of government services are at your fingertips online.
WHERE TALENT SPEAKS YOUR LANGUAGE
Our greatest asset? People. 72% of young professionals are fluent in three or more languages – effortlessly switching between Latvian boardrooms, English negotiations, and German partnerships. They are educated at world-class universities, digitally native, and deeply connected to both local roots and global ambitions.
UNICORNS
Do not let our size fool you. Latvia produces 4 unicorns per million people – a ratio that outpaces even Silicon Valley. From fintech to deeptech, our startups think globally while staying grounded in strong work ethics and sustainable innovation.
DIGITAL FROM DAY ONE
This is a country where bureaucracy doesn't hold you back. With almost complete digitalisation of public services, stable Euro currency, and EU membership benefits, Latvia offers the infrastructure of established markets with the energy of emerging ones.
INNOVATION THAT SCALES
Our startup ecosystem thrives on smart support – government grants up to €250K, accelerator programs, and a venture capital community that understands both technology and tradition. Here, business grows like the legendary "lietaskoks" – the apple tree that yields valuable fruit year after year.
STRATEGIC POSITION
Positioned at the crossroads of Nordic efficiency, Baltic innovation, and access to Eastern European markets, Latvia is where partnerships are built on trust, delivered with speed, and sustained through reliability.

DEEP DIVE
GOVERNMENT & OFFICIAL
INSTITUTIONS
Ministry of Economics
Policy, strategy and regulation. Leading state institution for economic policy, business support and tourism development
LIAA - Investment & Development Agency of Latvia
Your first stop for: Export support, investment attraction, innovation grants, tourism development
Latvian Chamber of Commerce and Industry (LTRK)
Largest business organization. 8,000+ members | Est. 1934. Business services, advocacy, networking
Invest in Latvia
One-stop portal for foreign investors. Sector guides, success stories, investment opportunities, incentives
Altum
Development Finance. State development financial institution: Loans, guarantees, venture capital for businesses
Enterprise Europe Network Latvia
EU business support: Market access, partnerships, funding opportunities
BUSINESS DEVELOPMENT/
ORGANIZATIONS
LVCA - Latvian Private Equity & Venture Capital Association
Connect with investors, find funding. Deal flow, investment climate data
Employers' Confederation of Latvia (LDDK)
Largest employers' organization. Labor relations, business advocacy
Free Trade Union Confederation of Latvia (LBAS)
Worker representation, social dialogue. Labor market insights
Latvian Association of Business Angels (LBAN)
Connect with angel investors. Early-stage funding network
DATA
Bank of Latvia
Economic Research. Monetary policy, economic forecasts. Financial stability reports
Nasdaq Riga Stock Exchange
Baltic market data, listed companies. Investment opportunities
Credit-info Latvia
Business Intel. Company data, credit reports. Market research, risk assessment
Central Statistical Bureau
Official economic data, market research, business statistics
STARTUP ECOSYSTEM
Startin.LV
Startup Association. The heartbeat of Latvia's startup community. Events, mentorship, connections, advocacy
Startup Latvia
Startup Visa. Government startup support program. Funding, mentoring, visa for founders. Up to €250K in grants
startuplatvia.eu/startup-visa/
(For foreign founders)
Startup House Riga
Premier startup coworking & community. Events, workspace, investor intros. 150+ member companies
BuildIT
Accelerator Program. 12-week intensive acceleration. €40K investment + mentoring. Focus: B2B SaaS, deeptech
INNOVATION & RESEARCH
Latvian Council of Science
Research funding, grants, science policy. Connect research to business
University Technology Transfer Centers
RTU Innovation Centre www.rtu.lv/en/innovations
LU Innovation (biotech, materials)
www.lu.lv/en/about-us/administration/the-studies-innovation-unit/
RSU Technology Transfer
www.rsu.lv/en/innovation-centre
Digital Innovation Hub Latvia
EU-funded: Digital transformation support for SMEs, Industry 4.0
AVAILABLE TOURS FOR BOOKING!
TOUR LATVIA'S INNOVATION ECOSYSTEM
Visit our leading tech companies and startups that have created unicorns at rates higher than Silicon Valley. Meet the entrepreneurs behind Latvia's digital-first business environment, explore accelerator programs, and discover why international companies choose Latvia as their European hub. Experience firsthand the balance between Nordic efficiency and Baltic agility.
AGRICULTURE BUSINESS IN LATVIA
AGRICULTURE & RURAL ENTREPENEURSHIP
COMBINED BUS AND WALKING TOUR
DURATION OF THE TOUR: ~6 h 30 min
START / FINISH: Radisson Blu LATVIJA Conference & SPA Hotel
Discover Latvia’s rich agricultural traditions and modern rural entrepreneurship on this immersive tour to the Zemgale region—known as the country’s breadbasket.|
SCHEDULED GROUP TOUR*: 166 EUR / person
Driving distance to Tērvete: ~1 h 15 min
Includes: Bus, English speaking guide, farm visits & beer tasting, water, light 2-course Lunch & coffee
*min 10 persons required in the Tour; no Private Tours available



WOOD & ECONOMICS
WOODS: SUSTAINABILITY & ECONOMICS
COMBINED BUS & WALKING TOUR
DURATION OF THE TOUR: ~5-6 h
START / FINISH: Radisson Blu LATVIJA Conference & SPA Hotel
Explore one of Latvia’s most important economic sectors—forestry and wood processing—on this specialized business tour combining industry insight with a site visit to a leading manufacturer.
SCHEDULED GROUP TOUR*: 135 EUR / person
Includes: Bus, English speaking guide, site visit & workshop, water, picnic with hot soup & sandwiches
*min 10 persons required in the Tour; no Private Tours available



BUSINESS & INNOVATIONS
ACADEMIC & BUSINESS COLLABORATION
COMBINED BUS & WALKING TOUR
DURATION OF THE TOUR: ~3h
START / FINISH: Radisson Blu LATVIJA Conference & SPA Hotel
EGain insight into Latvia’s innovation ecosystem on this specialized business tour featuring a visit to Riga Technical University, the country’s leading technical university and a key driver of research and development.
SCHEDULED GROUP TOUR*: 95 EUR / person
Includes: Bus, English speaking guide, site visit
*min 10 persons required in the Tour; no Private Tours available




