Valmiera receives prestigious Financial Times award 


On February the 12th, Financial Times newspaper fDi Intelligence announced the results of the international ranking of future cities and regions of Europe. In the category of Micro European cities of future Valmiera has received the 3rd position conceding only to two Irish cities. Valmiera foreign direct investment strategy (FDI strategy) has been valued especially good, highlighting the name of Valmiera in the map of Europe.


In order to find the most successful and promising European cities, Financial Times researchers are using special criteria to evaluate cities and their strategy to attract foreign direct investment. This time in the category of FDI strategy in the concurrence of 146 cities and regions of Europe, Valmiera received the honourable 3rd place. The prestigious award will be handed in a special awarding ceremony in Cannes, France.

The city of Valmiera has historically developed and continues developing as manufacturing and industrial centre. During the times Valmiera has shown that it can be interesting and attractive to entrepreneurs and foreign investors who are providing locals and people of surrounding regions with qualitative and stable workplaces. The comprehensive vision in development priorities of Valmiera city is providing Valmiera and surrounding regions with high qualities in most important life matters – education, culture, leisure, sports, infrastructure, safety, health and others.

According to Lursoft database, 120 foreign capital companies with a total turnover of 133.1 million euro are registered in Valmiera city. These companies employ more than 1546 employees in Valmiera. The biggest foreign capital companies in Valmiera are JSC “Valmiera Glass”, Ltd.”Padtex Insulation”, Ltd.”Culimeta Baltics”, Ltd.”V.L.T.”, Ltd. “Valmiera-Andren”, Ltd. “Akācija E.V.”, Ltd. “Valmieras paviljons”, Ltd. “Wunder Latvia” and others. Foreign Direct investment flows in Valmiera from such countries as Germany, Sweden, Russia, USA, Italy, UK, Estonia, Lithuania etc.

Other countries of Latvia have reached high results in Financial Times international ranking. In the category of Micro European cities (FDI strategy) Ventspils reached 4th place, Rēzekne – 6th place. Jelgava reached 7th place in the category of Connectivity. Riga has reached 6th place in Cost-Effectiveness category between the Big European cities.