1. RĪGA-
AttractiveInvestmentDestination
RīgaCityCouncil
CityDevelopmentDepartment
29.02.2012.

2. Riga–theBalticmetropolis
•Citystatussince1201
•Territory304sq.km
•ClimateMaritime
•Accessibility
•byplanefrom82cities,38countries
•bytrain–fromRussia,Belarus,UkraineandEstonia
•byferry–fromGermanyandSweden
•bybus–frommorethan100Europeancities.

3. Rigacityagglomerationcovers-6984km2
Thepopulationnumberis1148003
(inRigacity–706413)
Riga–thebackboneofnationaleconomy

4. Inhabitants&nationality

5. Workforce-Multi–Lingual,
EducatedandQualified
•Over85%ofLatviansspeakRussianand70%of
peopleundertheageof40speakEnglish,also
GermanandScandinavianlanguagesarewidely
spoken
•Rigaisastudycentre–44universitiesandcolleagues
withover86th.students
•Latviahas592studentsper10000inhabitants,which
isthe2-ndhighestrateintheWorldafterCanada
•CompetitiveLabourcostsandtaxes

6. BusinessandInvestment
Environment
•Statesupportprogrammesforinvestors
(Residentialpermits)
•Welldevelopedandintegratedtransport
infrastructure,internettechnologies
•SpecialEconomiczone
•EuropeanUnionborderwithRussia

7. Riga'sproportioninthenational
economy(%)
Source:www.csb.gov.lv,Lursoft
01020304050607080
Numberofinhabitants
Numberifemployed
Foreigndirectinvestment
Non-financialinvestment
Valueadded
Economicallyactivemarketsector
staticticalunits
31
54
80
55
54
39

8. ForeignDirectInvestmentinRiga,mlnLVL
660,9
766,7
852,2
949,5973,41031,1
1248,8
1434,8
1642,6
2156,2
3031,6
3167,1
0
500
1000
1500
2000
2500
3000
3500
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
01.07.2011.
FinancialTimes/fDiMagazine’sshortlists-Rigaisthe
BestLargeEuropeanCityforCostEffectiveness(2010)

9. DensityofRiga'seconomicsectorsinthetotalvalue
added,percentage
17,2
8,5
9,6
6,5
9,1
5
19,1
20,1
19,2
12,9
11,3
13,2
4,2
9
7
17,6
21
22,8
5,9
5,1
14,8
3,93,93,63,3
2,92,9
9,4
4,44,5
0
5
10
15
20
25
Industry
C
onstruction
Trade
Transportation
Finances
C
om
m
ercialservices
Stateadm
inistration
Education
H
ealth
care
O
ther
199820082010*
2010*-evaluation
Source:www.csb.gov.lv,RigaMunicipalityAnnual
Report2010

10. Riga’sPrioritySectors
Strategicprioritysectors:
•Biotechnologies,ChemicalsandPharmaceuticals
•ElectronicsandElectricalManufacturingandEngineering
•ICT
Prioritysectors:
•MechanicalEngineeringandMetalworking
•Professional,ScientificandTechnicalservices
•Education

11. Whatdoesmunicipalitydoto
promotebusinessinRiga?
•Investinriga.com
•Grantprogram“Take-off”
•MarketAccessPoint
•Consultationsandinformationaboutthemarketand
businessstart-upinRiga
•Match-makingevents,exhibitionsandnetworkings

12. DevelopmentandInvestment
ProjectsinRiga

13. Rīgaspatialstructure

14. FreeportofRiga
http://www.rop.lv

15. AFavourableInvestmentClimate
StatusofaFreeEconomicZoneOffers:
•0%VATonmostgoodsandservicesinthefreezones,includingconstruction
services
•VAT,exciseandcustomsexemptiononimportstofreezonesfromforeign
countriesandonexportstofreezonesabroad
•80-100%rebateonrealestatetaxes
•80%rebateoncorporateIncometaxrelatedtoactivitiescarriedoutwithing
thezone
•80%rebateontheapplicablewithholdingtaxfordividends,management
feesandpaymentsfortheuseofintellectualproperties
350haoflandavailablefordevelopment
FreeportAuthorityassistanceinthedevelopmentofprivate
terminalinfrastructure
http://www.rop.lv/lv/

16. DEVELOPMENTOFTHETERRITORYAT
JAUNCIEMAAVENUE
•Areaofthelandplot:23.3ha;
•Construction53920m2:
•dwellingspace30340m2,
•commercialspace12040m2,
•officearea3300m2,
•publicconstructions8240m2,
•undergroundparkinglots16
040m2-450carsand115
overgroundparkinglots.
•Thedevelopmentofthe
territoryhasbeendesignedfor
1010inhabitantsand260
employees.
•www.rigasnami.lv

17. LUCAVSALARECREATION
ANDAMUSEMENTISLAND
•Totalareaoftheislandis
143hawithabuildingareaof
73ha.
•Plannedterritoryuse:
•Forintensivedevelopment:
300497m²
•Forsportandrecreation
development:395345m²
•Forhighroad,mainroadand
streetdevelopment:105017m²
•Greenarea:306335m²
•Waterarea:1343m²
•Storeyheight:max.25storey
www.rigaspilsetbuvnieks.lv

18. DEVELOPMENTVISIONFOR
THETERRITORYOFSPILVE
•Theareaoflandplot:landplot324ha
•Thetotalareaofstoreys2138000m2
•plannedofficearea824720m2
•plannedpublicconstruction83145m2
•plannedcommercialarea64560m2
•parkandridecarpark(P&R)133
240m2
•centralpark44.66ha
•quaypromenadeandregional
boulevards31.7ha
•Thedevelopmentoftheterritorymay
resultin:workplaces-94000
•residents-26680placesatschools
andkindergartens–4450
www.rigasnami.lv

19. Oneofthebiggestmixed-
usedevelopmentsinLatvia
Strategiclocation-atthe
intersectionofmajorcity
transportationroutes
Totalgrossbuildingarea=
530000m2
Investmentvolume(1stphase
construction)=EUR100million
Curentdevelopments:
officecomplexfor
StateRevenueService
ofLatvia
budgetdwelling
complex–600flats
EZERPARKS-
mixed-usedevelopmentproject
NewEuropeRealEstate
info@neweurope.lv
www.neweurope.lv

20. DREILINIAREA
•52ha
•ForecastedInvestment-EUR500mln(within10-20years)
•Retail,OfficesandResidentialareawithtotalspace
450000m2
www.domuss.lv

21. Thankyou!
EvijaSegleniece
RīgaCityCouncil
CityDevelopmentDepartment
BoardofEconomics
HeadofInvestmentandDevelopmentProjectsDivision
Evija.Segleniece@riga.lv
www.investinriga.com
www.riga.lv