Latvia

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About Latvia

Latvia, officially known as the Republic of Latvia is a country in the Baltic region of Eastern Europe. Latvia was earlier part of the USSR (Soviet Union)

The country is part of the Europen Union and is considered as a developed country with High Human Index. It holds an Open Economy and has privatized almost all its organizations. The prominent industries are Agriculture, Energy, and Tourism.

Latvia has a Residence by Investment (Golden VISA) to attract Foreign Investors to benefit from the local economy.

Country Facts

 

Basic Details
RegionEastern Europe
Capital CityRiga
Government Typeparliamentary representative democratic republic
Official LanguagesLatvian
CurrencyEuropean euro, EUR
Phone Code +371
Important CitiesDaugavpils, J?kabpils, Jelgava, J?rmala, Liep?ja, R?zekne, R?ga, Valmiera, Ventspils
National DayProclamation Day of the Republic of Latvia (Nov-18)
Economy
Ease of Doing Business Ranking19
Primary IndustriesAgriculture,Energy,Tourism
Major ExportsWood and articles of wood, wood charcoal, Electrical machinery and equipment, Machinery, mechanical appliances, nuclear reactors, boilers, Vehicles other than railway or tramway rolling stock, Beverages, spirits and vinegar, Mineral fuels, mineral oils , Cereals, Pharmaceutical products, Articles of iron or steel, Iron and steel, Furniture, bedding, mattresses, mattress supports, cushions , Plastics and articles thereof
Major Exports to IndiaRubber and articles thereof, Iron and steel, Other made-up textile articles, sets, worn clothing and worn textile articles, rags, Pharmaceutical products, Miscellaneous edible preparations, Essential oils and resinoids, perfumery, cosmetic , Miscellaneous manufactured articles, Organic chemicals, Edible fruit and nuts, peel of citrus fruit, Plastics and articles thereof, Man-made filaments, strip , Machinery, mechanical appliances, nuclear reactors, boilers, Articles of iron or steel, Aluminium and articles thereof
Major ImportsElectrical machinery and equipment, Machinery, mechanical appliances, nuclear reactors, boilers, Mineral fuels, mineral oils , Vehicles other than railway or tramway rolling stock, Aircraft, spacecraft, Plastics and articles thereof, Pharmaceutical products, Beverages, spirits and vinegar, Wood and articles of wood, wood charcoal, Iron and steel, Articles of iron or steel, Optical, photographic, cinematographic, measuring, checking, precision]
Major Imports from IndiaIron and steel, Electrical machinery and equipment , Wood and articles of wood, wood charcoal, Optical, photographic, cinematographic, measuring, checking, precision, Organic chemicals, Mineral fuels, mineral oils , Ores, slag and ash, Articles of iron or steel, Aluminium and articles thereof, Vehicles other than railway or tramway rolling stock, Glass and glassware, Machinery, mechanical appliances, nuclear reactors, boilers
Foreign Relations
Trade Agreements with IndiaBilateral trade stood at about US $ 141 million 2015-16. Major Indian exports are tea, coffee, tools, pharmaceuticals, chemicals, garments, iron & steel etc. Major Indian imports include chemicals, fertilizers, iron & steel, machinery etc. There is scope for growth of textiles, agro-products, gems and jewellery, chemical dyes and pharmaceuticals.
Bordering NationsEstonia, Russia, Belarus, Lithuania
Member ofNorth Atlantic Treaty Organization(NATO), ( Council of Europe), ( European Union), ( Union for the Mediterranean), ( United Nations), ( Members of the Unrepresented Nations and Peoples Organization)
Indian Embassy DetailsH.E. TANMAYA LAL
Honourable Ambassador
Embassy of India
Kornhamnstorg 4, 111 27 Stockholm
Email: amb.stockholm@mea.gov.in
Phone: 868432100
Embassy Details in IndiaH.E. B?RTULIS
Honourable Ambassador
Embassy Of The Republic Of Latvia
B8 Anand Niketan, 110021 New Delhi
Email: embassy.india@mfa.gov.lv
Phone: 91 11 49 859 100

 

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