Norway's direct investments in Latvia exceed EUR 350 million
27 September 2021
Norway at present in the eighth largest investor in Latvia with direct investments exceeding EUR 350 million, LETA learned from the Norwegian Chamber of Commerce in
Latvia. The total turnover of companies in Latvia with Norwegian capital, according to Lursoft, exceeded EUR 1.15 billion, according to Lursoft.
These companies employ 6,200 people. The chamber of commerce metioned the four largest Norwegian investment projects of the past years, including the decision of Norwegian airlines to open international services center in Riga. At the end of 2020, the Riga office recruited more than 130 employees. On September 9, the new chocolate plant Laima was opened in Adazi. Norwegian company Orkla has invested more than EUR 20 million in Laima brand in the past three years. The chamber also noted completion of Origo shopping center's project and office center Origo one implemented by one of the leading real estate developers in Latvia - Norwegian company Linstow Baltic.< Back to news