BILM-60 SAIDAKHMEDOV TEMUR PLAN: Why latvia? - Located on the coast of the Baltic Sea, Latvia has three major ice-free international ports—Riga, Liepaja and Ventspils—that are closely linked into the country’s land-based infrastructure, including an extensive rail, road and pipeline system.
- Riga International Airport is the largest airport in the Baltics and in 2018 it served 7.06 million passengers breaking the annual passenger record (+16% y-o-y growth) and handled 28 169 tonnes of cargo. Riga International Airport serves almost half (47%) of all Baltic capital passengers. In comparison, in 2018 Tallinn (Estonia) served 20% of total number of passengers and Vilnius (Lithuania) served 33%.
Macroeconomic security - In the wake of the economic downfall Latvia’s growth was stopped, yet it successfully re-emerged due to a number of difficult measures implemented by the government laying the groundwork for sustainable growth. Latvia has made rapid progress in adjusting its economy since the economic crisis, as illustrated by its successful entry to the euro area at the beginning of 2014, and has implemented a number of structural reforms enabling membership of the OECD. Some indicators of macroeconomic stability include:
- Protection of investments: Latvia has bilateral agreements with over 50 countries for the promotion and mutual protection of investments. The agreements grant safety and protection to investments made in real estate, intellectual property, shares or any other form of investment.
- WTO: Latvia’s external trade and customs policy is based on free trade principles. It is an active participant of the World Trade Organization, enjoying all the benefits of free and open trade in the world’s markets.
- Eurozone: Latvia joined the Euro in 2014, enabling more advantageous interest rates and further improving the investment environment.
- Central bank stability: Latvia’s central bank, the Bank of Latvia, is a participant in the European System of Central Banks, cooperating with other institutions of the EU and creating a secure and
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