Competition to increase

RIGA - The Baltic countries’ competition for investments and trade flows will continue to increase, especially taking into account that the region’s growth pace is slower almost by half than the growth potential, according to Swedbank’s review of the Baltic Sea region, reports Nozare.lv.

The review says that the Baltic Sea region has withstood problems on global markets much better than the eurozone; however, growth in the neighboring areas has also become slower than last year. Besides, the current uncertainty is deterring foreign investors from investing money in the region.

Swedbank’s report analyzes economic development and business prospects in the Baltic Sea region for the next few years, compares Latvia to other Baltic Sea region countries, and analyzes Latvian company opportunities in other Baltic Sea region countries.