Danes Latvia's biggest investors

  • 2000-04-06
RIGA (LETA) – Danish businessmen have invested the most in the share capital of Latvian enterprises, whose accrued foreign investment totaled 107 million lats ($184.5 million) or 14 percent of the total volume at the end of 1999, according to data released by the Central Statistical Bureau.

U.S. businessmen invested 76 million lats in the share capital of Latvian enterprises (10 percent), German entrepreneurs, 65 million lats (8 percent), Swedish, 64 million lats (8 percent), British and Russian businessmen, each 57 million lats (7 percent).

Estonia, Finland, Ireland, Norway and the Netherlands have also invested considerable sums in Latvia.

Great Britain, the United States, the Netherlands and Estonia were the largest investors specifically in the fourth quarter of 1999, while in all of 1999, Sweden invested the most at 19 million lats, followed by Estonia,15 million lats, Finland and Germany, 9 million lats each, the U.K. and Denmark, 6 million lats each.