Kristiina Randmaa
- European Investment Bank
- Communication Department
- 98-100, Boulevard Konrad Adenauer
- L-2950 Luxembourg
- Luxembourg
Among the challenges facing their country, Latvian respondents only ranked climate change eighth. Despite this, they recognise that climate adaptation has to be considered important, if not a priority, in the years to come. Nearly four in five Latvian respondents agree that investing in climate adaptation now is necessary to avoid higher costs in the long run, according to the annual Climate Survey commissioned by the European Investment Bank (EIB).
The European Investment Bank (EIB), the Latvian Ministry of Finance and the Latvian State Real Estate Company (SRE) have joined forces to expand affordable housing in Latvia. The EIB’s Advisory Services will assist the Latvian government in devising a blueprint for the sector, including in the areas of financing, procurement and pilot project development suitable for EIB funding. This initiative is funded by the InvestEU Advisory Hub.
Firms in Latvia remain optimistic about their investment plans in the months ahead, according to the EIB Investment Survey. The survey, which reflects the sentiments of businesses in Latvia, shows that 76% of firms invested in the previous year, and a larger share of firms expect to increase investment, despite facing greater financial constraints compared to the EU average (15% vs. 6.2%).