FICIL: Security goals must not come at the cost of Latvia's competitiveness

The Foreign Investors' Council in Latvia (FICIL) has publicly commented on the country's new Immigration Law, stressing that national security objectives should not be pursued in a way that harms Latvia's human capital or its international competitiveness.

The organization, which represents the interests of foreign investors in Latvia, noted that implementing the new regulation requires balancing security requirements with the country's ability to attract and retain qualified workers. FICIL's comment came amid discussions surrounding the new Immigration Law, which affects opportunities for foreign labor and specialists to work in Latvia.

Competitiveness concerns

FICIL's position reflects concern that overly strict or inflexible immigration rules could make it harder for companies to attract the specialists they need, potentially reducing Latvia's appeal to foreign investors and international employees. The organization emphasized that human capital is one of the key factors determining a country's economic competitiveness on both a regional and international scale.

FICIL's statement indicates that the business community and investor representatives are closely following legislative changes that could directly affect companies' operations and growth prospects in Latvia. The organization called on lawmakers to take into account both security and economic interests when drafting and adopting the new regulation.