Investment and Development Agency of Latvia
{{short description|Investment promotion agency}}{{More citations needed|date=September 2024}}
{{Use dmy dates|date=September 2024}}{{Infobox government agency
| agency_name = Investment and Development Agency of Latvia
| nativename = {{lang|lv|Latvijas Investīciju un attīstības aģentūra}}
| logo = LIAA logo RGB Eng full.jpg
| picture =
| picture_width =
| picture_caption =
| formed = September 1993
| headquarters = Pērses iela 2, Riga
| employees = 270
| parent_agency = Ministry of Economics (Latvia)
| website = {{URL|http://www.liaa.gov.lv/eng/home/news}}
}}
The Investment and Development Agency of Latvia (LIAA) is Latvia's investment promotion agency.{{Cite news |date=30 July 2024 |title=Investment and Development Agency of Latvia and Rail Baltica discuss attraction of private investments to the Rail Baltica Project |url=https://www.baltictimes.com/investment_and_development_agency_of_latvia_and_rail_baltica_discuss_attraction_of_private_investments_to_the_rail_baltica_project/ |access-date=2024-09-03 |work=The Baltic Times}} It was established in 1993 under the Ministry of Economics of the Republic of Latvia.
Foreign trade
LIAA organizes business trips to foreign countries, which include business forums, workshops, entrepreneur roundtable discussions, contact exchanges, trade fairs, and individual meetings with potential business partners.
LIAA organizes export seminars that deal with exports and provide information on news and trends in foreign markets, as well as the European Single Market.
Tourism
In 2016, the Tourism Development State Agency (TAVA) was added to LIAA. The aim of the department is to promote Latvian tourism products and services.
Business incubators
In October 2016, 11 business incubators and 9 support units were active in Latvia (Bauska, Daugavpils, Jelgava, Jēkabpils, Jūrmala, Kuldīga, Liepāja, Madona, Ogre, Rēzekne, Sigulda, Talsi, Valmiera, Ventspils, and a creative industries incubator in Riga).
In 2024, the LIAA was forced to stop providing funding to startups, due to the Economic Ministry's failure to introduce legal amendments required by the updated EU "de minimis" regulation.{{Cite news |date=14 August 2024 |title=Government rectifies its start-up support goof |url=https://eng.lsm.lv/article/economy/business/14.08.2024-government-rectifies-its-start-up-support-goof.a564998/ |access-date=2024-09-03 |work=LSM+}}
References
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External links
- [http://www.liaa.gov.lv/en Official website]
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