Newsletter

AmCham raises over €8850 for charities in 2023

In 2023 we raised more than €8850 for the following charities: The Children's Hospital Foundation, Latvian Foster Family Association, Pink Train Foundation, Ronald McDonald House Charities Latvija, and SOS Children’s Villages. As a result of members' donations, the charities will be able to promote the healthy development of Latvia's children and their rights to grow up in a family environment as well as support women affected by breast cancer. Let's continue to support the great work to improve the health and well-being of Latvia's women and children! Read more

Strengthening U.S.-Latvia bilateral relations

On December 13, members were honored to meet Christopher Robinson, U.S. Ambassador to Latvia who shared his insights on the U.S.-Latvia bilateral relations and the future of transatlantic partnership and security in these challenging times. According to the Ambassador, areas of improvement include accessibility to banking services, energy security, investment in education, R&D, and a skillful workforce as well as continuing the fight against corruption. Read more

What can we expect from 2024?

In an op-ed featured in Delfi Versijas AmCham Latvia's President and Executive Director share perspectives on the trends shaping economic growth, as well as the major opportunities and challenges in 2024 and beyond. Tremendous opportunities lie in the implementation of sustainable solutions, advancement of digitalization, and acceleration of the development of knowledge-intensive industries and high-value manufacturing, however, future success will depend on coordination, effective governance, and access to talent and investment. Read the full article here.  Read more

AmCham calls for a focus on economic security

On December 4, AmCham launched its recommendations calling to prioritize foreign direct investment and increase national competitiveness to ensure economic security and well-being. In a difficult geopolitical environment, Latvia's priorities are undoubtedly to increase investments in security and defense, however, ensuring economic security is equally important for Latvia’s national security and future economic growth. Maintaining existing and attracting new investments from key strategic partners such as the United States is essential, which is why AmCham continues to speak to a sustainable and transparent business environment and strong human capital. Read more

AmCham representatives meet the Minister of Finance

On December 14, the AmCham representatives met with Arvils Aseradens, Minister of Finance to discuss balancing the tax burden for foreign and resident private investors as well as to introduce him to the recent AmCham recommendations "Increasing investments and competitiveness for Latvia’s economic security" The discussion took place as part of the Minister's visit of MikroTik. Read more

Members gather to discuss FDI attraction

On December 12, Investment work group members gathered for a work group meeting to look back at activities of 2023, review the latest AmCham recommendations, and plan support activities to foster investment flow to Latvia. The group also discussed priorities for 2024. Read more

The role of investment and trade in fostering economic security

In the latest Baltic Rim Economies publication, AmCham's Executive Director looks at how the economic partnership with the U.S. can strengthen Latvia's economic security. "More should be done in prioritizing the U.S. as a full-range partner, including from the economic perspective. The willingness to proactively promote U.S. investments is a small but important step on the road to unlocking immense opportunities that hold promise not only for accelerated economic growth but, even more importantly, could considerably contribute to our common security." Read the full article here. Read more

Digitalization of healthcare in Latvia: why, how and for whom?

In a new op-ed featured in LSM, AmCham's Digital Health WG representatives Kadi Lubi, Kristaps Krafte, and Ieva Dzirkale stress the importance of digitalization in and of healthcare. Latvia, like all Western welfare countries, is an aging society, which means not only an increase in the number of patients but also a decrease in healthcare professionals and in order to keep the healthcare system functioning, there is a need for people – whether they are healthcare professionals, patients, or carers – to be equipped with tools as well as skills, knowledge, and a favorable attitude. Read the full article here. Read more

Luminor receives best ESG rating in Baltics

For the second year in a row, Luminor has received the best environmental, social responsibility and governance (ESG) risk rating determined by Morningstar Sustainalytics among the largest banks in the Baltic States – 12.4. Luminor was also ranked 61 out of 1,009 banks worldwide. Morningstar Sustainalytics is a global leader in ESG research, ratings, and data, serving the world's leading institutional investors and corporations. Read more

Take part in PwC's CEO Survey

PwC invites you to participate in the annual PwC’s Baltic CEO Survey to share your views on business opportunities and threats, growth prospects, and labor availability. The survey aims to find out how business leaders assess the business environment in the Baltics and how they adapt and transform their companies to ensure the sustainable development of their businesses. The survey will be open until January 12, 2024, while the survey results will be published in March 2024. Read more

RSU receives award for growth in sustainable governance

On 6 December, Rīga Stradiņš University (RSU) received a special award for growth at the Latvian Sustainable Governance Awards 2023 ceremony at the Bank of Latvia. RSU was praised for its contribution to sustainable governance and growth, as well as for improving corporate governance and ensuring that the University's activities are in line with the defined values. Read more

Dynatech helps kids with special needs

During this time of giving Dynatech continues collaboration with BeKind.lv in supporting kids with special needs. This time, they were on a mission to fill charity boxes with joy and warm feelings for the little ones to have a brighter festive season. Furthermore, they were united by a cause - "Team is a Force". Read more

Step by step towards sustainability

The EU Corporate Sustainability Directive is a new law that requires organizations to report sustainability information on an annual basis. Swedbank's guide "Step by step towards sustainability" is expected to help companies gain a better understanding not only of reporting but also of forward-looking management of its impact, risks, and opportunities. Read more

Future Changemakers Academy

Riga Business School (RBS) invites AmCham members to support their new program "Future Changemakers Academy" which will be aimed at developing the leadership skills of secondary school students. The focus of the program will be on incentivizing students to choose careers in FinTech, HealthTech, and GreenTech.  Read more