In 2025, the volume of investments was 54% higher than in 2024.
Today, at an extraordinary meeting of the Cabinet of Ministers, Minister of Economics Viktor Valainis informed the government about the situation in the country's economy. According to the head of the Ministry of Economics, signs of an economic breakthrough are being observed.
"The results achieved clearly show that the economy continues to grow, which contributes to faster development and competitiveness of the country on an international scale. The measures taken by the Ministry of Economics have strengthened Latvia's competitiveness, security, and long-term regional development. In 2025, the gross domestic product (GDP) increased by 2.1%, meaning Latvia has managed to break free from stagnation. Moreover, 15 out of 22 sectors of the manufacturing industry are demonstrating growth, which is an important indication of successful performance. We are already seeing that about two billion euros have been invested in business and the national economy. Last year, we saw that private sector investments exceeded public funding, meaning we are taking greater responsibility for the country's economic growth," emphasized Minister of Economics Viktor Valainis.
The minister reminded that the ALTUM agency has allocated an additional 58.9 million euros for the implementation of the "Low-Rent Housing Construction" program in 2025, increasing the total funding to 101.8 million euros, thus providing for the construction of approximately 1128 new apartments. A new mortgage loan program for purchasing housing outside of Riga and in Riga with public financing of up to 25.8 million euros has been established. 30 loans have been approved, and 26 contracts have been concluded, with 197 applications evaluated.
Exporting merchants are provided with discounted capital loans for the implementation of innovative products in production, productivity enhancement loans, as well as start-up and growth loans, collectively ensuring financing of 114.8 million euros.
For multi-apartment buildings, funds from the recovery fund have been attracted in the amount of 57.28 million euros - 55 projects have been implemented, and 81 projects are ongoing; EU fund resources amounting to 174.5 million euros - all available funding has been reserved, with 393 project applications received, of which contracts for the implementation of 61 projects have been concluded in 2025. For state buildings, 36 projects have been received for 87.65 million euros, while for cultural infrastructure, 6 projects amounting to 29.35 million euros have been received.
