The Investment and Development Agency of Latvia (LIAA) is Latvia's investment promotion agency. It is a direct administration institution subordinated to the Minister of Economics of Latvia. Established in 1993 as the Latvian Development Agency, it was reorganized into the Investment and Development Agency of Latvia in 2003.
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.
References
External links Official website