Key challenges for Rezekne at the moment are connected with growing rate of unemployment, fast industrial/population decline, lack of financial resources and investment opportunities.
During last years Rezekne considerably suffered from economic and industrial crisis. Its biggest industrial enterprises were closed, for example milk-processing plant bankrupted and the plant for production of electrical instrument “Rebir” changed its location for China. Latgale region has always had a highest unemployment rate in Latvia but currently this indicator in Rezekne has reached 24%!
Rezekne City Council set a challenging task to work out and implement a strategy of the city development which would allow returning Rezekne reputation of a site which is attractive both for local population to stay, work and live here as well as for foreign investments.