Latvia has started negotiating with Qatar and the United Arab Emirates, in order to improve its economic relations with the Middle-Eastern countries and to set up the grounds for new investors. Not long ago, the Latvian Government announced new investment incentives for the Latgale region that should attract foreign enterprisers.

All three states in the Baltic region have registered economic increases in the first quarter of 2015, the Latvian economy having the highest one. Latvia also registered the second fastest growth in the European Union.