Investors: Baltics and Nordics Becoming a Single High Value-Added Economic Space
At a LIAA discussion, investors acknowledged that the Baltic states are transitioning to a high value-added economy, where competitiveness is driven by human capital, innovation, and digitalization.
During a discussion organized by the Latvian Investment and Development Agency (LIAA), investors stated that the Baltic and Nordic countries are increasingly forming a unified economic space. The competitiveness of this space is determined by human capital, innovation, digitalization, and the ability to adapt to change.
The transition to a high value-added economy is evident from the investors' perspective. This means the region is gradually moving away from a low-cost labor model and towards more knowledge- and technology-intensive development.
Experts note that this trend makes the Baltics and Nordics more attractive for investment, especially in fields requiring high skill levels. Digitalization and innovation are highlighted as key drivers of this transformation.
The discussion featured international investors who shared their experiences operating in the Baltic region. They acknowledged that the region's adaptability to global trends is a significant advantage.
