Only 47% of foreign investors plan to increase investment in Latvia in 2026 — the lowest figure since 2017. Meanwhile, investor uncertainty has reached an all-time high, with 37% of respondents saying their investment plans depend on circumstances.
The findings come from the latest edition of the FICIL Sentiment Index, conducted by FICIL in collaboration with RTU Riga Business School. The data points to a significant shift in investor sentiment: while the share of those actively planning to increase investment has declined steadily from a peak of 79% in 2023, this year a record high 37% of respondents indicated their investment plans remain conditional.
This pattern suggests that Latvia is not losing investors — it is losing their confidence. The hesitation of investors is associated with geopolitical, structural and political uncertainty. Despite that, the overall assessment of Latvia’s current investment climate by foreign investors is rather positive, yet increasingly polarised.
These findings will be presented and discussed on 28 May during the high-level forum Beyond Borders: Investment & Innovation in the Baltics, organised by FICIL, with the support of the Investment and Development Agency of Latvia (LIAA), European Investment Bank (EIB) Group Riga Office, and the German-Baltic Chamber of Commerce (AHK).
Information about the research:
FICIL has conducted the Sentiment Index since 2015. Its central aim is to stimulate evidence-based policymaking to improve Latvia’s investment climate. More information: https://www.ficil.lv/sentiment-index/