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Ceturtdiena 24.08.2017 | Name days: Boļeslavs, Bērtulis
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New business centre to be launched in Riga

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Baltic news, News from Latvia, BNN-NEWS.COM, BNN-NEWS.RUThe increasing economic optimism in the Baltic region has prompted the world’s largest office solutions company Regus to open a new business centre in Riga, thus not only providing Latvian companies with new opportunities in the office segment, but also attracting new investors who are planning expansion in Riga and the Baltic States.

The world’s largest workplace solution provider Regus sees a major potential for the Scandinavian and Baltic region’s commercial, financial and transport hub in Latvia. Also, the border with Russia makes Latvia a strategically-beneficial country in the northern Europe.

With the crisis end, Latvia once again emerges as the place for companies looking for growth opportunities. Low salary costs and qualified staff boost Latvia’s competitiveness. There is growing demand in the world for flexible and mobile workplace solutions enabling to reduce office maintenance costs and efficiently working in any country around the world. Business centre opening in Riga is a response to growing demand and interest expressed by our clients, explains Michael Aastrup, Regus Area operations director in Nordic countries and the Baltic States.

Regus entry on the Latvian market coincides with the latest Business Confidence Index survey results published in Regus Business Tracker, leading to conclusion that the increase of economic optimism encourages significant departmental spending – especially in sales and marketing. However, the situation is different regarding the spending on premises and property. On a global scale, 81% of companies plan to freeze or cut their property spending. This confirms the overall trend towards lower-cost working practices.

Michael Aastrup notes, «The companies have to be mobile in the globalized economy. They need to possess skills of fast recognition of production opportunities and combining them with ever improving cost efficiency. Regus provides such opportunity in Latvia and also in nearly 90 countries worldwide».

The new Regus office centre in Riga is currently the only one in Latvia; however, the company believes in further development prospects and associates it with Latvia’s economic recovery. With the opening of office centre in Riga, Regus, has now covered all Baltic States.

The Regus Business Confidence Index:

The Regus Business Confidence Index is measured based on the actual annual revenue and profit trend forecasts for economic growth in the coming months. It shows the trend of significant profit growth since 2010, which coincides with the projected companies’ expansion. 50% of the 17 surveyed companies operated with profit last year, which corresponds 61% of the projected.

Keywords: business Regus


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