Success stories

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.

SAF production plant in the RBOP territory (Latvia and Ukraine)

LV and UKR partnership. It is planned to develop an HVO and SAF production plant in Kundziņsala, using vegetable oils as raw materials to produce 2nd generation biofuel and biopropane as a by-product.

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

"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 Andersson Chief Operating Officer (COO)

IKEA

The investment arm of the IKEA group, has committed EUR 720 M to acquire large forest holdings in Latvia, marking its largest-ever deal in the region. The investment highlights Latvia’s strong, stable business environment and its potential for long-term, sustainable projects. By supporting forestry management, biodiversity, and regional development, Ingka Investments reinforces Latvia’s growing reputation as a hub for strategic, environmentally conscious investments.