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Economic diplomacy

Economic relations between Italy and Latvia are vibrant and growing. From 2020 to 2023 the commercial flows between our two countries grew of 30% and for the first time in 2022 has surpassed the EUR 1 billion threshold. Important Italian firms have chosen to invest in Latvia in the last few years.

A particularly significant sector is transport and infrastructures: more and more Italian companies are active in the realization of the “Rail Baltica” project, the high-speed railway line that will connect the three Baltic capitals with the rest of Europe. Italian companies and entrepreneurs are also present in other sectors, including that of food and beverage.

In this Section

In this Section you can learn more about these topics and collect information on opportunities and instruments for Italian firms which are interested in investing in Latvia as well as for Latvian firms which are interested in investing in Italy. In the links below you can check some data on trade and the economic relations of our two countries.