Professor Arnis Sauka presents findings of the FICIL Sentiment Index 2020
On January 29, Dr. Arnis Sauka presented the results of the 6th annual Foreign Investors Council of Latvia (FICIL) Sentiment Index. The key aim of the Index is to foster evidence-based policy decisions and promote a favourable investment climate in Latvia.
In addition to the usual topics, the research also provides the investors’ viewpoint on the challenges caused by the Covid-19 pandemic and the best course of action for economic recovery.
Executives from 44 companies participated in the interviews, representing the key foreign investors in Latvia. These companies constitute 16% of Latvia’s tax revenue, 13% of total profit and employ 10% of the total workforce out of all companies that have a turnover above EUR 145 000 and at least 50% foreign capital (Lursoft, 2019).