News
IMF Improves Latvia’s GDP Forecast
Industry Continued to Grow Rapidly, a Slower Rate Expected in the Next Months
An Annual Retail Turnover Increase for the First Time since 2008
Rapid Contraction of Wage-Productivity Gap Allows Industrial Growth
Latvia's Outlook Raised to `Stable' by Fitch on Budget, Improving 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.
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