Study - Foreign Investment Environment Index 2023
Study - Foreign Investment Environment Index 2023
2On April 6, the annual study "Foreign Investment Environment Index 2023" of the Riga School of Economics and the Council of Foreign Investors in Latvia (FICIL) was presented.
The Latvian office of BDO participated in this study as one of the 66 surveyed investors.
In the 2023 study, more attention was paid directly to the administrative burden, highlighting it as a significant factor that hinders Latvia's competitiveness and investment attraction.
The administrative burden in Latvia is caused by a high level of bureaucracy, a lack of coordination between public sector institutions, the absence of measurable goals for those working in state and local government institutions, and a complex regulatory framework.
The administrative burden can be observed in almost all areas - construction, employment, justice system, tax administration, etc. Investors point out that the administrative burden creates additional work, increases costs and creates a sense of uncertainty, discouraging further investments in Latvia.
You can find out more about the study here
The Latvian office of BDO participated in this study as one of the 66 surveyed investors.
In the 2023 study, more attention was paid directly to the administrative burden, highlighting it as a significant factor that hinders Latvia's competitiveness and investment attraction.
The administrative burden in Latvia is caused by a high level of bureaucracy, a lack of coordination between public sector institutions, the absence of measurable goals for those working in state and local government institutions, and a complex regulatory framework.
The administrative burden can be observed in almost all areas - construction, employment, justice system, tax administration, etc. Investors point out that the administrative burden creates additional work, increases costs and creates a sense of uncertainty, discouraging further investments in Latvia.
You can find out more about the study here