• Strategic Location

    Unique location on the shores of the Baltic Sea

  • Business-friendly

    Progressive, western-oriented business environment

  • Talent and Potential

    Highly open economies in all three countries

  • Strategic Location

    Unique location on the shores of the Baltic Sea

  • Business-friendly

    Progressive, western-oriented business environment

  • Talent and Potential

    Highly open economies in all three countries

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Why Invest or Do Business in the Baltic States?

The Baltic states are among the EU’s fastest growing economies. The European Commission forecasts 2.8% GDP growth in 2016 for Latvia and Lithuania (3.1% in 2017), with Estonia growing 1.9% in 2016, and 2.4% in 2017.

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Dutch Embassies in the Baltics United in the Holland Baltic Business Network

Dutch embassies in the Baltic countries have pooled their resources, so they can maintain their presence in all three nations. The decision to enhance cooperation is a result of the efforts of the Dutch Ministry of Foreign Affairs to modernise its diplomatic service.

This decision made it possible to maintain most of our services for region's  Dutch business community. In fact, together with our colleagues in the Nordic countries, we are looking for possibilities to extend our regional co-operation to those countries as well.

By pooling our capabilities, we are also creating a single point of entry for Dutch companies interested in doing business in the Baltic region.

The Baltics consist of three modern independent countries, each with their own unique language – Estonian, Latvian and Lithuanian - and a shared history in the 20th and 21st centuries.

Thinking of doing business in the Baltics?

Have you ever thought of doing business in the Baltics? Many Dutch companies have gone before you, ever since the late Middle Ages, in fact, when trade with the Baltics (the so-called Moedernegotie) became important in  the rise of the city of Amsterdam. 

But  there are also  plenty of opportunities in the region today. Doing business in the Baltics has become easier, since their establishment as members of the EU. As a result, their economies are growing since all three states have adopted the euro. The last country, Lithuania joined the Eurozone as of January 1st, 2015.

The countries have business-friendly environments with excellent logistical connections and digital infrastructure. Dutch exports to the Baltics have grown steadily recent years (see table), but there are still plenty of opportunities  to intensify economic ties, such as through outsourcing.

Value of Dutch export (in MEUR) to:

 ESTONIALATVIALITHUANIA
20114653951119
20125264241369
20134494631376
2014 Jan-Jun260296879

1Source: Statistics Estonia,Statistics Lithuania, Statistics Latvia

The Baltic countries have business-friendly environments with good logistical connections and well-developed digital infrastructure. They are some of the EU's fastest growing economies. The European Commission forecasts approximately 3% in real GDP growth in both 2016 and 2017 for Latvia and Lithuania, while Estonia's economy is predicted to grow 1.9% in 2016, and 2.8% in 2017. These growth rates are well above the EU average as a whole.