Ventspils

Ventspils- map

Ventspils, the Latvian port city on the Baltic Sea, is a city on the move. Having made the strategic decision to adopt an industrialisation policy in 2002, the city has transitioned from transport to a multi-sectoral economy. The development has been impressive. Employment in manufacturing surpassed employment in port-related businesses for the first time in 2010, and annual manufacturing output increased by 1788% between 2002 and 2016 - the highest increase rate in Latvia. Now Ventspils has set a new target, to become a top European hub for smart technologies and achieve a 10% ICT share of GDP, increasing the the total turnover of the industry to EUR 92m by 2020. With over 100 ICT-related projects in the works, the biggest challenge Ventspils faces is finding the necessary human resource capital to implement it all.