Country in the spotlight - Latvia
Latvia has built a dynamic entrepreneurial ecosystem, with a strong focus on digitalisation, innovation, and technology-driven businesses. The country is recognised for its advanced digital infrastructure and growing start-up community, particularly in sectors such as information and communication technologies, creative industries, and tourism. Recent forecasts indicate positive growth for Latvian SMEs, with both employment and value added expected to increase in 2026. (SME factsheet, European Commission).
Latvia also continues to strengthen its innovation capacity. While classified as an Emerging Innovator within the EU, the country has steadily improved its innovation performance in recent years, supported by investments in digital technologies, research, and entrepreneurship. Areas such as cloud computing adoption, ICT skills, and innovative SMEs are contributing to the country's development as a competitive business environment. (European Innovation Scoreboard 2026).
For entrepreneurs looking to expand internationally, Latvia offers a strategic location within the EU and a business environment that increasingly supports innovation and cross-border collaboration. (Country Report Latvia, European Commission).
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