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Riga among the most attractive European cities for investment


The capital of Latvia was next to Geneva and Turin, and ahead of Glasgow, Valencia and Stuttgart.

Riga was ranked 37th in the list of the most attractive European cities for investment over the next three years, according to EY Attractiveness Survey Europe.

According to the representatives of the audit company EY, the attractiveness of Riga is strengthened by such factors as a high level of technological development and a strong online economy, knowledgeable people, a dynamic cultural and social environment and, most importantly, convenient connections with other countries in the region and the rest of Europe.

At the same time, it is noted that the attractiveness of Riga as an object of future investment may be negatively affected by a number of factors, such as the geopolitical situation, inflation and the high cost of living, the unstable political situation at the national level, the volatility of tax policy and population decline. However, some of these factors are not unique - both geopolitical tensions and inflation affect the investment climate across the region as a whole.

The most attractive cities for investment in Europe this year are London, Paris and Frankfurt, which were also among the top five last year. Vilnius ranks 32nd in the ranking, and Tallinn is not among the top 40 cities on the list.

Among the Nordic countries, Stockholm ranks 12th, Copenhagen 14th. Of the countries of Central Europe, Warsaw ranks 16th, and Prague 20th.

The EY Attractiveness Survey Europe is conducted annually and collects both quantitative data on investment projects obtained by monitoring more than 10,000 news sources, and the results of a survey of more than 500 international investment decision makers.

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