Success stories

Here you can read about the investment experience of our investors. Latvia may be a small country, but that makes everything closer, just two handshakes away from the right target. With the help of the Investment and Development Agency of Latvia (LIAA), it is an easy process to start a business in Latvia. But those, who have already discovered Latvia and acknowledged its potential, are happy to expand their activities in the country. Watch this video to find out why Norwegian investors choose Latvia!

Care of Sweden

"We chose Liepāja for several reasons, certainly its geographical location as a port city, as well as the proximity of two other ports approximately 100 km away, the ports of Ventspils and Klaipeda. Additionally, Liepāja offers a good business climate, which influenced our decision."

Pierre AnderssonChief Operating Officer (COO)

Redwire

U.S.-based drone and unmanned-systems company "Redwire" operates a major manufacturing and R&D hub in Riga, Latvia, investing around EUR 8 M in a new 10,000 m² facility that doubles its production capacity and enhances its global supply capabilities after acquiring Edge Autonomy and significantly increasing the company’s footprint in Europe.

Ignitis Renewables

The international energy company “Ignitis Renewables” has been implementing ambitious renewable energy projects in Latvia while purposefully building its presence in the region since 2022. Currently, the company is already producing electricity in three industrial-scale solar parks in Latvia, which are the largest solar parks producing electricity in the country.

Tech Mahindra

Leading global provider of digital transformation, consulting, and business re-engineering services chose Latvia as a strategic location for its European operations employing around 500 professionals. The company’s Riga office serves as a technology and innovation hub, supporting clients across the EU with advanced IT solutions, cybersecurity, and software development. By investing in Latvia, Tech Mahindra leverages the country’s strong digital infrastructure, multilingual talent, and thriving ICT ecosystem to deliver next-generation technologies and accelerate digital growth in the region.

Citech (Australia)

Critical Infrastructure Technologies (CITech), an Australian company specializing in the production of mobile surveillance towers, will open its production facility in Latvia.

Frankenburg Technologies (Estonia)

Developing next-generation artificial intelligence-guided missile systems that are scalable for mass deployment and provide advanced targeting and modern combat capabilities. frankenburg.tech

Care of Sweden

Marcegaglia

"We are delighted to have invested in Latvia and we are confident that our cooperation will continue to deliver great results in the future. We plan to resume operations very soon."

Success stories

Read why they have chosen Latvia

Latvia secures leading position in investment promotion excellence

among 32 national investment promotion agencies (Reinvantage, 2024)

Frankenburg Technologies (Estonia)

Care of Sweden

Pierre AnderssonChief Operating Officer (COO)

Redwire

Ignitis Renewables

Tech Mahindra

Citech (Australia)

Frankenburg Technologies (Estonia)

Care of Sweden

Pierre Andersson Chief Operating Officer (COO)

Marcegaglia

Antonio Marcegaglia president and CEO of the company Marcegaglia

Success stories

Read why they have chosen Latvia

Latvia secures leading position in investment promotion excellence

among 32 national investment promotion agencies (Reinvantage, 2024)

Frankenburg Technologies (Estonia)

Care of Sweden

Pierre AnderssonChief Operating Officer (COO)

Redwire

Ignitis Renewables

Tech Mahindra

Citech (Australia)

Frankenburg Technologies (Estonia)

Care of Sweden

Pierre Andersson Chief Operating Officer (COO)

Marcegaglia

Antonio Marcegaglia president and CEO of the company Marcegaglia

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