LIAA aims to attract EUR 1 billion of investment annually after 2030

The Latvian Investment and Development Agency (LIAA) aims to attract investments of EUR 1 billion every year starting from 2030, Laura Strovalde, LIAA deputy director for investment and energy, said at the opening of the FinTech Forum on Tuesday.

LIAA plans to attract EUR 660 million in investment this year.

Strovalde said that LIAA is an important player in ensuring exports and innovation in Latvia. Last year, LIAA provided EUR 2.3 million in support to the start-up ecosystem. At the same time, dynamics, especially in FinTech, is growing every year.

She stressed that LIAA has various support programs as well as more than 20 offices worldwide to help companies enter new markets.

Strovalde also stressed that LIAA will continue to present Latvia as a good place to start or continue a business.

The FinTech forum was held on Tuesday in Riga to discuss the development of the financial technology sector in Latvia and the most important trends in the sector worldwide. This year, the Latvian FinTech Forum is taking place for the third time, bringing together around 250 representatives of the FinTech ecosystem – industry entrepreneurs, potential Latvian FinTech market participants, investors, consulting and legal services providers, financial industry and start-up development policy makers and others.

Source: LIAA