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Important for the development of the electrical and electronics industry in Latvia

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“ Electric cars, electronics and IT, not to mention robots and artificial intelligence, already defines modern civilisation now and into the future. Without it we'll drop back very quickly into the stone era. „

Normunds Bergs, President of LETERA

«The production of electrical and optical equipment since 2010 is the fastest-growing manufacturing industry in Latvia, whose share of total manufacturing output has increased from 3.7% in 2009 to 8.5% in 2021.

Source: Report on the Economic Development of Latvia, The Ministry of Economics

Exports in 2021 - almost 90% of the industry`s output.»