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Farmaco Business Development Friesland

RIGA

Riga is the capital of Latvia and, being the economic, industrial and political centre, home to most of Latvia’s companies. The city covers an area of 307 sq km and has a total population of around 815,000 people.
The most important industries in Riga are transport, finances, power industry, food industry, pharmaceutical industry, wood processing etc. Today, most rapid growth can be seen in industries that are mainly based on natural resources, as e.g. the wood and the food processing industries. The unemployment rate in Riga is only half of the country’s average. The number of small and medium-sized companies constantly increases, especially in the service sector.

Next to owning a port and an international airport, Riga’s railway and highway systems are well-developed, characterizing the city’s important position as a transport hub between West and East.

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