On October 16, 2024, Evita Gosa, leader of FICIL’s Shadow Economy Combatting working group, participated in the expert discussion “Four Conversations on Latvia’s Financial System ‘Capital Overhaul'” at the University of Latvia, organized by Žurnāls “Jurista Vārds”. The event addressed crucial topics surrounding Latvia’s financial reforms and ongoing challenges since 2019.

Evita shared insights on Latvia’s investment environment, emphasizing the damaging impact of illegally obtained funds. She referred to the shadow economy as a “cancer” that undermines fair competition, discourages foreign investment, and stalls Latvian economic growth.

Evita emphasized the strain that the shadow economy places on honest taxpayers, eroding trust in the state’s ability to ensure fairness. Foreign Investors’​ Council in Latvia remains committed to finding innovative solutions to tackle these complex challenges and support Latvia in becoming a more attractive destination for foreign investors.

To get more information about the event, please go here.