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Economics

Most working places (935) in Vidzeme region per 1,000 inhabitants

Inhabitants' capacity of work - 62% in working age (2016)

Unemployment rate - average per month 5,0 - 5,5% (2016)

Economic activity:

  • 21% in industry/production
  • 21% in state/municipal institutions
  • 18% in trade
  • 13% in services
  • 8% in construction
  • 7% in health care
  • 12% in other areas

86 economically active business units per 1,000 inhabitants (2014). 2nd place after capital Riga.

Non-financial investments in Valmiera (2014):

  • 53% in production
  • 10% in trade
  • 9% in agriculture, forestry, fisheries
  • 8% in construction

2nd largest manufacturing output and turnover among cities (exept Riga)

Favorable environment for entrepreneurship:

  • well established infrastructure
  • skilled human resources (Vidzeme University of Applied Sciences, Valmiera Technical college)
  • dual education programs (in cooperation with entrepreneurs)
  • local government's support (tax policy, marketing etc.)
  • Valmiera Business Incubator
  • Business Advisory board

 

FEW SUCCESS STORIES OF VALMIERA

  • ​​JSC "Valmiera Glass Fiber": produced membrane for roof constructions in Heathrow Airport (terminal 2), roof of football stadium in Turkey
  • Ltd. "Valpro": jerry can design used for bags in spring/summer cruise collection 2015 fashion show of Chanel. One of the largest can producer for NATO army
  • Ltd. „Wunderkraut”: Web services provider: consults, designs, maintains, trains, supports solutions on Drupal. Created web page for MTV channel