Projects are evaluated individually by a working group led by the Ministry of Economics. While there are no fixed thresholds, key criteria include:

• Investment size – typically above EUR 10 million depending on the sector and project location;
• Economic impact – high export potential, innovation, productivity increase, or significant contribution to national growth;
• Job creation, especially in regions outside Riga;
• Strategic alignment – contribution to national priorities such as energy security, digitalisation, green transition, and the development of defence and dual-use industries;
• Regional development – projects located outside the capital that promote balanced regional growth;
• Complex institutional involvement – requiring coordination across multiple government bodies.

The Council does not maintain an “approved projects list.” Instead, it serves as a strategic platform to address high-level issues affecting major investment projects or the overall investment climate.

Projects or related challenges may be reviewed by the Council if:

• The issue is linked to a large or strategically important project requiring high-level coordination; or
• The issue is systemic and its resolution would benefit a broader range of investors.

If a case qualifies, investors may benefit from:

• High-level political attention;
• Coordinated support from ministries and institutions;
• Faster and more transparent procedures;
• Institutional alignment to overcome regulatory or administrative barriers.

This approach allows Latvia to respond flexibly and effectively to the needs of key investors and enhances the competitiveness and predictability of the investment environment.

Companies interested in receiving support under the Council framework are invited to contact the LIP Secretariat at: lip@liaa.gov.lv

Alternatively, reach out to your assigned project manager or nearest LIAA regional representative for further guidance and coordination.