Translated using ChatGPT service.
On February 13, 2024, the Latvian Construction Council approved the Latvian Construction Industry Strategy for 2025–2030 during its meeting.
The strategy is a medium-term planning document aimed at achieving the strategic goals of the construction sector, fostering competitiveness and sustainable development. The main objective of the strategy is to implement a unified policy to support the growth of the Latvian construction industry, considering its strengths, weaknesses, opportunities, and threats.
The vision for the construction sector by 2030 is defined as:
A competitive and sustainability-oriented construction industry that provides society with high-quality, safe, and efficient construction services, creating a modern living environment for current and future generations.
To achieve this vision, comprehensive and targeted measures will be implemented, focusing on competitiveness and sustainability as priority areas. The strategic goal for the next five years is to enhance industry productivity, export potential, and fair competition conditions.
To accomplish the objectives set in the strategy, an annual Work Plan will be developed, outlining specific tasks and measurable outcomes. The Ministry of Economics, together with the Latvian Construction Council, will be responsible for the strategy’s renewal, implementation, and evaluation, involving state institutions, non-governmental organizations, and experts in the process.