Economic Recovery Leads Regus to Enter Latvian Market

RIGA, Latvia - Thursday, April 28th 2011 [ME NewsWire]

(BUSINESS WIRE)-- The opening of a new Regusbusiness centre in Latvia will help companies take advantage of returning economic optimism in this important Baltic business location.

The new centre in Riga is the company’s first in Latvia. Global workspace provider Regus now offers support to businesses in all Baltic States: Lithuania, Estonia, and Latviaand operates in 88 countries worldwide.

Like much of the world’s economy, Latvia suffered from the economic downturn. But recent months have brought cause for optimism. The second half of 2010 saw the first real quarterly growth in over two years, and GDP is expected to grow by over 3% in 2011.

“For businesses looking for growth opportunities, Latvia is the place to be. Low wage costs make its exports highly competitive, and it’s a commercial, financial and transportation hub for the Nordic/Baltic region,” explains Michael Barth, Vice President for Baltic, Germany and Nordics at Regus.

“We’ve seen growing demand from customers who want to access Regus’ flexibleworkspaces in Latvia – either to explore the market or to expand. We are opening this business centre in Riga in response.”

Latvia’s EU membership, strong links with other Nordic/Baltic countries and proximity to Russia make it a strategic location in northern Europe. There are good opportunities for businesses in a variety of sectors, including transit services, timber and timber processing, agriculture, metal working and other light industries with a well-developed services sector.

Michael Barth adds: “In the globalised economy, businesses need to be fleet-footed. They need the agility to spot new opportunities in emerging or recovering combined with ever-increasing efficiency on costs. Regus offers them this combination – not just in Latvia but in almost 90 countries around the world.

“In the past year, we’ve expanded our network repeatedly – to Ghana, Uganda, Serbia, and Lithuania, to name a few. We will continue to do this in 2011, offering businesses around the world ever more opportunities to expand revenues and increase efficiency.”

About Regus

Regus is the world’s largest provider of workplace solutions. With a network of 1,100 locations in 500 cities and 87 countries, it enables individuals and companies to work wherever, however and whenever they want to. For more information please visit: www.regus.com
Contacts

Eva Glele

Telephone: +44-1784-898293

Email: eva.glele@regus.com