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As Latvia is one of the greenest nations in Europe and forests cover around half of its territory, the bioeocnomy industry (sustainable agriculture, forestry and fisheries) is strategically important to the national economy. Today, the bioeconomy sector is one of the key export industries, making up to 40%, and plays an essential role in creating rural and regional employment.
The industry's success lies in Latvia's favourable combination of vast forest resources, strategic location and a cost-efficient labour force. Additionally, government policies aimed at achieving sustainable bioeconomy development have supported the industry.
Main subsectors
Woodworking (Sawmilling, wood chips and pallets, panels, furniture, and plywood), sustainable fisheries, agriculture
Fast facts
Industry statistics
Employment and education
Industry leaders
Address: Address: 2 Perses Street, Riga, Latvia, LV-1442
Phone Phone: +371 67039473
Email: klavs.ielejs@liaa.gov.lv
Stay up to date on the monthly newsletters on recent news and activities.
Stay up to date on the monthly newsletters on recent news and activities.
Investment and Development Agency of Latvia (LIAA)
Address: 2 Perses Street, Riga, LV-1442, Latvia
Phone: +37167039400
Fax: +371 67039401
Copyright, LIAA 2022
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