Investment and Development Agency of Latvia (original) (raw)
From Wikipedia, the free encyclopedia
Investment promotion agency
Investment and Development Agency of Latvia
| 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.liaa.gov.lv/eng/home/news |
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.
Business incubators
[edit]
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]
- ^ "Investment and Development Agency of Latvia and Rail Baltica discuss attraction of private investments to the Rail Baltica Project". The Baltic Times. 30 July 2024. Retrieved 3 September 2024.
- ^ "Government rectifies its start-up support goof". LSM+. 14 August 2024. Retrieved 3 September 2024.