News
Government Takes Action to Attract Large Foreign Investments
Action Plan of Combating Shadow Economy Approved
Retail Turnover Indicators Stabilize as the Future Evaluation of Households Improve
Bank of Latvia Lowers Deflation Forecast for 2010
Current Account Positive, Overall Balance of Exports and Imports Posts a Small Surplus
Riga welcomes 80 Latvia's Honorary Consuls from 49 countries
Money in Circulation Stabilized, Drop in Lending Abating
Shadow Economy Reduction Plan Offers to Facilitate Formal Economy
The Foreign Investors' Council in Latvia
The Foreign Investors' Council in Latvia (FICIL) is a non-governmental organisation that brings together the largest companies from various countries and sectors that have made significant investments in Latvia, as well as ten countries Chambers of Commerce in Latvia.
FICIL's activities are based on dialogue with the Latvian Government to support improvement in the business environment and investment climate in Latvia. FICIL members identify issues which affect business operations in Latvia. Working with the appropriate government agencies, FICIL seeks to solve any problems through changes in legislation or administrative procedures.
FICIL meets regularly with the Government in High Council Meetings that are jointly chaired by the sitting Prime Minister of Latvia and a CEO of a FICILmember’s parent company.
Once a year the High Council meets to review progress and provide further direction.
