In 2026, EUR 18.4 million from the Ministry of Economics’ budget will be allocated to measures that promote market expansion for exports, attract foreign investments, and increase Latvia’s visibility in priority target markets.
The funding will help support the growth of the tourism sector, strengthen the international competitiveness of Latvian businesses, and expand export opportunities for entrepreneurs, while also encouraging increased foreign investment in high value-added sectors.
The program aims to increase the competitiveness of Latvian companies both domestically and abroad, promote export growth (including growth in tourism exports), attract foreign investments, implement national tourism policy, and provide targeted support to businesses.
According to the program’s goals, in 2026 it is planned to attract EUR 1 billion in foreign investments, increase export turnover by EUR 300 million, and attract 150,000 additional foreign visitors.
Within the allocated funding, support will be provided for the foreign film production and large-scale event organization program, with EUR 3.4 million earmarked for this purpose.
EUR 3.2 million will be allocated to measures for investment and export promotion, including promoting Latvia as a tourist destination.
The program will also support various investment attraction activities, the operations of the Investment and Development Agency of Latvia (LIAA) and Latvian foreign economic representations, support measures for large exporters, and other initiatives that enhance Latvia’s visibility and facilitate market entry for exports.
Currently, 67 events abroad have been announced, including exhibitions, conferences, business forums, and other events, primarily funded from EU funds. A full list of announced events is available here.
The program is implemented by LIAA and Latvian foreign economic representations.
On 4 December, the Saeima adopted the 2026 state budget in its second and final reading. The Ministry of Economics’ budget includes expenditures of EUR 182 million, including EUR 115.1 million for core state functions and EUR 66.9 million for the implementation of foreign aid projects. Most of the budget funding—EUR 152.1 million—is earmarked for various support measures to enhance business competitiveness and economic growth, specifically for attracting investments, supporting innovation, and promoting the export capacity of companies.