Madona district consists of Madona and 14 parishes. Madona is a town in the Vidzeme region. It is the third largest district by territory in Latvia. Total area: 2153 sq. km.
Madona district is accessible, both from a logistical and social point of view. It is located in the heart of East Latvia, there is about the same distance to the neighboring borders and the international airport (RIX) and Port of Riga. Compact and good quality road infrastructure of Madona district and its location provides solid base for logistics connections with the rest of Baltic States and Europe as well as with Russia and other markets of CIS countries.
- Riga (Capital of Latvia, Port of Riga, Riga International Airport) – 160 km
- Estonia – 130 km
- Russia – 120 km
- Lithuania – 150 km
The population in Madona district:
- 27 000 in total
- 8 500 in town
There is about 15 800 economically active people in the district and about 32 000 economically active people in closest region.
Madona district offers appropriate infrastructure for industrial activities. Industrial areas are more than 100 hectares.
45% of district territory is covered by forests.
Agricultural land covers about 39% of the district area. Most of the agricultural lands take arable lands (63%), pastures (22%), grasslands (14%), and fruit orchards (1%).
The district area is rich in solid minerals: peat, dolomite, clay, sand and sand-gravel, freshwater limestone, and sapropel. In Madona district there are large quantities of wood raw materials.
Low utility costs (heat, water, waste management).
The available agricultural land and forest resources are the determining factor for main lines of business. The dominating and most developed business areas are agriculture, forestry, woodworking, tourism and the service sector.
Madona district offers key opportunities for companies in a number of sectors including industrial production, forestry, agriculture and food production, tourism and sport, renewable energy, IT and communications.
Municipality and entrepreneurs are working closely with the 1 vocational and 3 higher education institutions in district, which collectively provide a source of graduates in area of entrepreneurship and business management, IT, pedagogy, agriculture, construction, hotel services.
Office rents, utilities and costs of various auxiliary services to businesses in Madona district are priced lower than average in country.
The Madona district has opened itself up to investors and trading partners of all nationalities. Here they can find new contacts and cooperation opportunities.
Foreign direct investments draw up to 12,08% of total authorized capital amount of companies registered in Madona district (01.12.2012.). Since 1991, 40 foreign investors invested in enterprises registered in Madona district. Approximately 50% of foreign investments are from European countries. States with the largest number of investors are Germany, Sweden, Denmark, and Italy. In terms of business activities, the largest foreign direct investments have been in farming, forestry, printing, wholesale of food products. Countries with the largest amount of investments: Germany, Finland, Denmark, Netherlands, Italy.