The business environment in Latvia when compared to its neighboring countries is not bad, but there is room for improvement, Foreign Investors Council in Latvia (FICIL) board member and PricewaterhouseCoopers board chairperson Zlata Elksnina-Zascirinska has declared.
“If we compare with neightboring countries, Latvia’s business environment is not bad,” said Elksnina-Zascirinska.
At the same time, she said investors and businessmen would always want more.
“We will always demand and will always move towards an ideal, better world,” said the board member of the Foreign Investors Council in Latvia.
She also mentioned that the COVID-19 pandemic made previously neglected problems more topical. This includes the efficiency of the court justice system, construction processes both in relation to grey economy and monitoring of construction processes, as well as the administrative burden for companies.
“All these issues remain topical,” says Elksnina-Zascirinska.
FICIL is a non-governmental organization that unites 38 biggest foreign capital companies from different sectors, ten foreign trade chambers in Latvia, French Foreign Trade Advisors Council and Stockholm School of Economics in Riga.
The council’s goal is improving Latvia’s business environment and competitiveness in attraction of foreign investments using the experience and knowledge of its members to provide recommendations to state administration institutions. (BNN/Business World Magazine)
