On April 1, 2026, a memorandum of intent was signed at the Ministry of Economics to promote long-term investment in Latvia’s transport and logistics sector. The memorandum was signed by Minister of Economics Viktors Valainis, Director of the Investment and Development Agency of Latvia (LIAA) Ieva Jāgere, and Secretary General of the Lithuanian Transport and Logistics Alliance (Tarptautinio transporto ir logistikos aljansas, TTLA) Povilas Drižas. The aim of the memorandum is to encourage the expansion of Lithuanian transport and logistics companies into Latvia, strengthening regional cooperation and developing a competitive transport and logistics ecosystem in the Baltics.
The Tarptautinio transporto ir logistikos aljansas (TTLA) is an organization established in 2019 that brings together 25 of the largest Lithuanian transport and logistics companies and represents a significant share of the international road freight market. The organization works to enhance the competitiveness of the sector and represent the interests of its members at both national and international levels. TTLA members are international road carriers operating in European and Asian markets and form an important part of logistics chains in the Baltic region.
“Investment, productivity, and exports are the foundation of Latvia’s economic development, and this memorandum is a concrete step toward implementing these priorities. The transport and logistics sector is one of the pillars of Latvia’s competitiveness, and such cooperation with a strong regional partner demonstrates that Latvia can attract significant, scalable investment projects. Our goal is to create a stable, predictable, and competitive business environment for investors, where operations can be launched quickly and projects developed over the long term. Such projects not only strengthen Latvia’s position in the Baltics, but also create new jobs, increase tax revenues, and promote export growth,” emphasizes Minister of Economics Viktors Valainis.
The memorandum предусматривает promoting the expansion of TTLA companies in Latvia, including the establishment of new companies and the development of existing operations. Within the framework of cooperation, investments are planned in infrastructure, including the establishment of offices, driver training capacity, and workforce attraction, as well as the development of operational capacity in transport and logistics.
The memorandum also outlines the gradual development of a vehicle fleet in Latvia, with plans to register and operate up to 1,000–2,000 trucks, as well as to create new jobs in administrative and technical functions. According to investor estimates, these activities could generate up to €32 million in annual tax revenue, while strengthening Latvia’s role in regional logistics chains and promoting economic growth.
“This kind of cooperation is an important step in turning investor interest into concrete projects with measurable economic impact. We see that the transport and logistics sector in Latvia has strong development potential, and our task is to ensure a clear, fast, and predictable path for investors to start doing business. Such projects complement Latvia’s investment portfolio and strengthen our ability to attract significant investments, create new jobs, and promote export development,” emphasizes LIAA Director Ieva Jāgere.
Latvia’s transport and logistics sector is one of the most strategically important sectors of the national economy, ensuring the country’s connectivity with European and global markets. Latvia is located between Northern Europe, Western Europe, and Eastern markets, and its infrastructure—ports, railways, roads, and airport—forms an integrated logistics ecosystem. Road freight transport plays a particularly important role, ensuring flexible and internationally competitive cargo movement, as well as transit and export flows.
“This memorandum reflects a shared ambition to strengthen Latvia’s transport and logistics sector by promoting new investments and closer cooperation. Lithuanian companies are ready to expand their operations in Latvia, collaborate with local partners, and contribute to Latvia’s economy, including increasing tax revenues. This is an important step toward sustainable and long-term economic development,” emphasizes Povilas Drižas, Secretary General of the Lithuanian Transport and Logistics Alliance.
The sector includes several thousand companies and tens of thousands of employees, making a significant contribution to Latvia’s export capacity and tax revenues. At the same time, the industry is undergoing structural changes—digitalization, sustainability, and efficiency are becoming increasingly important, while labor challenges persist, particularly regarding driver availability. In this context, investments in infrastructure, technology, and human capital are essential to strengthen Latvia’s competitiveness and develop it as a regional logistics hub.
