Currently, Latvia is not recognized globally as the country of biological resources; however, Latvia is unique because it is one of the few countries in the world, where more than half of the territory is covered by human-untouched ecosystems: forests, lakes, rivers, wetlands, grasslands and coastal areas. It is often believed that economic growth and conservation and preservation of nature are not compatible things, but we are showing the opposite, developing Latvian biotechonomy. Biotechonomy or bioeconomy is a sector focused on the sustainable use of biological resources and products of high added value.