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| Latvijas Investīciju un attīstības aģentūra | |
 | |
| Agency overview | |
|---|---|
| Formed | September 1993 |
| Headquarters | Pērses iela 2, Riga |
| Employees | 270 |
| Parent agency | Ministry of Economics (Latvia) |
| Website | www |
The Investment and Development Agency of Latvia (LIAA) is Latvia's investment promotion agency. [1] It was established in 1993 under the Ministry of Economics of the Republic of Latvia.
LIAA organizes business trips to foreign countries, which include business forums, workshops, entrepreneur roundtable discussions, contact exchanges, trade fairs, and individual meetings with potential business partners.
LIAA organizes export seminars that deal with exports and provide information on news and trends in foreign markets, as well as the European Single Market.
In 2016, the Tourism Development State Agency (TAVA) was added to LIAA. The aim of the department is to promote Latvian tourism products and services.
In October 2016, 11 business incubators and 9 support units were active in Latvia (Bauska, Daugavpils, Jelgava, Jēkabpils, Jūrmala, Kuldīga, Liepāja, Madona, Ogre, Rēzekne, Sigulda, Talsi, Valmiera, Ventspils, and a creative industries incubator in Riga).
In 2024, the LIAA was forced to stop providing funding to startups, due to the Economic Ministry's failure to introduce legal amendments required by the updated EU "de minimis" regulation. [2]
The economy of Cyprus is a high-income economy as classified by the World Bank, and was included by the International Monetary Fund in its list of advanced economies in 2001. Cyprus adopted the euro as its official currency on 1 January 2008, replacing the Cypriot pound at an irrevocable fixed exchange rate of CYP 0.585274 per €1.
The economy of Georgia is an emerging free market economy. Its gross domestic product fell sharply following the dissolution of the Soviet Union but recovered in the mid-2000s, growing in double digits thanks to the economic and democratic reforms brought by the peaceful Rose Revolution. Georgia continued its economic progress since, "moving from a near-failed state in 2003 to a relatively well-functioning market economy in 2014". In 2007, the World Bank named Georgia the World's number one economic reformer.
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The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. In 2024, the Philippine economy is estimated to be at ₱26.55 trillion, making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund.
The economy of Senegal is driven by mining, construction, tourism, fishing and agriculture, which are the main sources of employment in rural areas, despite abundant natural resources in iron, zircon, gas, gold, phosphates, and numerous oil discoveries recently. Senegal's economy gains most of its foreign exchange from fish, phosphates, groundnuts, tourism, and services. As one of the dominant parts of the economy, the agricultural sector of Senegal is highly vulnerable to environmental conditions, such as variations in rainfall and climate change, and changes in world commodity prices.
The United Arab Emirates is a high-income developing market economy. The UAE's economy is the 4th largest in the Middle East, with a gross domestic product (GDP) of US$415 billion in 2021-2023.
The Ministry of Commerce (MOFCOM) is a executive department of the State Council of the People's Republic of China that is responsible for formulating policy on foreign trade, export and import regulations, foreign direct investments, consumer protection, market competition and negotiating bilateral and multilateral trade agreements. it is the 20th-ranking department of the State Council. The current minister is Wang Wentao.
The Australian Trade and Investment Commission, or Austrade, is the Australian Government's trade, investment and education promotion agency which was also given responsibility for tourism policy, programs and research from 2013. Austrade was established under the Australian Trade Commission Act 1985. It is a non-corporate Commonwealth entity under the Public Governance, Performance and Accountability Act 2013, and a statutory agency under the Public Service Act 1999. Austrade is part of the Foreign Affairs and Trade portfolio.
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Andris Ozols is a Latvian businessman. He was the director of Investment and Development Agency of Latvia (LIAA), a government agency responsible for promoting investments and business development in Latvia. He served as the director of LIAA from October 2004 to December 2019. He also currently serves as deputy chairman of the board of the Liepāja Special Economic Zone.
The Ministry of Economics of the Republic of Latvia is the leading state administrative institution responsible for economic policy in Latvia. The ministry also represents the economic interests of Latvia in the European Union.
Ērenpreiss Bicycles is a manufacturer of city bicycles based in Riga, Latvia.
The Three Seas Initiative, known also as the Baltic, Adriatic, Black Sea (BABS) Initiative or simply as the Three Seas, is a forum of thirteen states, in the European Union, running along a north–south axis from the Baltic Sea to the Adriatic and Black Seas in Central and Eastern Europe. The Initiative aims to create a regional dialogue on questions affecting the member states.
Tourism in Estonia refers to the overall state of the tourism industry in the Finno-Ugric nation of Estonia. It is a key part of the country's economy, contributing 7.8% to its GDP, and employing 4.3% of its population. In 2018, tourism and other related services counted for over 10.8 percent of Estonia's exports. Tourism is increasing rapidly in Estonia: the number of tourist arrivals—both domestic and international—has increased from 2.26 million in 2006 to 3.79 million in 2019. Estonia was also ranked the 15th-most safest country to visit in 2017, according to safedestinations.com, scoring 8.94 out of 10 on their list. In a 2018 report published by the OECD, they concluded that most international tourists come from places like Finland, Russia, Latvia, Germany, and Sweden.
Tourism in Latvia is an emerging industry in the nation of Latvia. 2.8 million visitors were recorded in 2018, an increase of 8% compared to 2017. In 2016, tourism contributed 4.5% of Latvia's GVA, and counted for 1.3 million euros in export revenue, and tourism-related industries accounted for 8.5% of total employment, or 77100 jobs in total. This was accompanied by significant growth in the number of hotels and accommodations in Latvia, rising 37% from 607 in 2018 to 831 in 2018, according to a 2020 OECD report. Most tourists in Latvia come from neighbouring countries, primarily Russia, Germany, and the other two Baltic states, Estonia and Lithuania. Most tourists stayed in Riga, the national capital. However, domestic tourism has been seeing a decline in Latvia, with less and less Latvians willing to travel abroad.
Kaspars Briškens is a Latvian politician, economist, and a former diplomat. In the 2022 parliamentary election, Kaspars Briškens is a candidate for the post of prime minister of the Progressives party.
