The Energy Charter Secretariat and the Ministry of Economics of the Republic of Latvia have now published the in-depth review of the investment climate and market structure (ICMS) in the energy sector of Latvia.
This in-depth ICMS review concludes that Latvia has consistently pursued liberal economic policies and reforms to improve the business climate. The business reforms in Latvia have strengthened the private sector, created macroeconomic conditions favourable for growth and helped to improve the business environment, thus attracting the attention of international investors.
Latvia has a favourable geographical position and is a strategic location for business operations targeting the developed economies of the European Union and the emerging markets of its eastern neighbours. As a full member of the Energy Union and the Energy Charter, Latvia is well positioned to benefit from multilateral cooperation in the energy sector and improve its energy security.
In order to achieve the goal of secure, competitive and sustainable energy the Baltic states shall cooperate with developed and developing countries, be they producers, transit countries or consumers.
The ICMS review contains detailed policy conclusions and recommendations that are intended to assist national policy-makers to improve investment policies in the Latvian energy sector.
Review of the Investment Climate and Market Structure in the Energy Sector of Latvia is available in English.