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Wise investments in regions create products with extra value added - Latvian president in Bauska
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    Wise investments in regions create products with extra value added - Latvian president in Bauska

    RIGA, Sept 12 (LETA) - Well-considered investments in Latvia's regions create both consumer goods and niche products with extra value added, Latvian President Raimonds Vejonis said during a regional visit to Bauska in southern Latvia today.

    "This visit to Bauska demonstrated to me that products with high value added can be made not only in large towns. As a result of well-considered investments in the regions, Latvian companies produce both consumer goods and niche products with extra value added," the presidential press office quoted Vejonis as saying.

    During his trip to Bauska the Latvian president met with the local municipal representatives and said that the ability of local governments to build and develop infrastructure was a precondition for investments in the regions.

    "Only if there are roads and the required utility lines, businesspeople will be motivated to invest their money in creation of jobs," Vejonis said.

    He also met with the local business representatives and listened to their opinions on the changes in the tax policy, agreeing that a long-term approach and predictability of the tax policy were vital for economic growth in Latvia.

    The Latvian president and his spouse Iveta Vejona visited Baltic Dairy Board dairy company, Mikelis recreation center that belongs to a leading grain farming company, Uzvara Lauks, and Musa, the former rallycross track near Bauska, which, with the help of Swedish investors, has now been re-opened as a motor sport adventure park.

    • Published: 12.09.2017 18:51
    • LETA
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