Business Opportunities in Latvia

Latvia is perhaps not a place which immediately springs to mind when one thinks of areas where profitable business opportunities can be found, but actually, the fact that Latvia has a strong infrastructure and good, multilingual workforce means that there are plenty of viable business opportunities to be found in the small Eastern European country. Here are just a few ideas.

Tourism in Latvia

Latvia’s compact nature means that it is ideal for tourists who like to experience a wide variety of different environments during their visit. Latvia has miles upon miles of glorious beaches, and these are only a short journey away from the modern cities which can be found inshore. There is also splendid countryside and great skiing slopes, and those with a business mind can capitalise on these features by opening tourism based business such as hotels and restaurants.

Lativan Food and Food Imports

Latvia has a large seafood industry and also creates dried foods to a high standard. These foods, as well as Latvian alcohol and delicacies, can be exported at a profit. Some of the best Latvian delicacies are smoked fish and fried lamprey in jelly.

Energy

For those considering business on a larger scale in Latvia there is the opportunity to develop energy plants to serve the growing infrastructure and to compete with the existing suppliers. There is a particular opportunity to develop green energy, as Latvia, like all other countries, is keen to develop energy sources which are sustainable and which consider the country’s long term interest.

Education

The education in Latvia is not yet to the standard of other countries in Europe, particularly in the west of Europe. There is, however, no lack of people with money who want to provide their children with the best possible education, whether it is sending their children to private schools or hiring the services of professional tutors to supplement their school education.

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