Latvia’s Ministry has announced significant changes to the 'green corridor' initiative, which aims to narrow the list of companies benefiting from export advantages. The number of eligible businesses will drop from 586 to approximately 259, ensuring that only those contributing the most to the economy receive support. This shift underscores the government's intent to prioritize high-value exports, strategic technologies, and critical raw materials, essential for strengthening the Latvian economy.

Transition regulations have been put in place, allowing companies that no longer meet the new requirements to remain on the list until April 1, 2026, enabling them to complete ongoing priority services. This measure is designed to make the 'green corridor' system more targeted and efficient, providing a structured path for investments where they can generate the greatest economic impact. The Latvian Investment and Development Agency (LIAA) will also create methodological guidelines for applying the new regulations uniformly across the board.

These changes reflect an overall strategic shift in Latvia’s approach to economic development, emphasizing not only the quantity of exports but their quality as well. By focusing on projects that support the backbone of the economy, the government aims to attract foreign investments more effectively, bolster competitiveness, and ensure that public assistance aligns with areas that promise substantial returns, thereby enhancing the country’s economic resilience in a rapidly evolving global market.