International Internet Magazine. Baltic States news & analytics
Tuesday, 22.07.2014, 14:22
Rinkevics: situation in eurozone making Latvia think about diversifying export markets
|Edgars Rinkevics and Lord Stephen Green. Riga, 12.06.2012. Photo: flickr.com|
During today's meeting, the two sides discussed the situation within the euro-zone, as well as bilateral economic cooperation between Great Britain and Latvia, as well as potential areas of cooperation in the future, LETA was informed by the Foreign Ministry's press and information department.
The Latvian foreign minister said that Latvia has returned to economic growth, and urged British business representatives to think about investing in Latvia. As one potential area of investment, Rinkevics mentioned the transit and logistics sector. He pointed out that Latvia can offer British investors transit services to Central Asia and even China.
Green emphasized that British business representatives are not only interested in strengthening cooperation with Asian markets, but also with countries in Eastern Europe and Northern Europe as well.
According to the Bank of Latvia, Great Britain's direct investment surplus in Latvia reached EUR 255.6 million (LVL 179 million) at the end of 2011. Meanwhile, Latvia's direct investment surplus in Great Britain amounted to EUR 5 million (LVL 3.5 million).