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The Ministry evaluated the impact of the world hockey championship on the country’s economy

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The hockey players of the Latvian national team are delighted with the bronze medals at the world championship. Photograph: AFP / Scan

It is estimated by the Ministry of Economy (ME) that the World Hockey Championship held in Riga had a positive impact on the country’s economy by earning 40 million euros.

On Tuesday, representatives of the Ministry of Education and Culture attended the Saeima Education, Culture and Science Commission Sports Subcommittee meeting. Meanwhile, it was stated that the world championship brought 40 million euros to the Latvian economy.

In addition to the recognition of the country in the world, there has also been a significant increase in tourist expenditures.

“To ensure the organization of especially major international sports and cultural events in Latvia, supported by the Cabinet of Ministers in Latvia and coordinated by the Latvian National Sports Council, promoting the country’s economic development, the export capacity of events as well as promoting the dissemination. Latvia abroad, the image of the state and increasing the budget revenues.

The estimated impact of the 2025 European Basketball Championship final tournament on economic sectors will reach 90 million euros, while the planned economic impact of next year’s World Rally Championship (WRC) stage will be approximately 17 million.

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Source: Tv Net

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