On December 16, members launched a new work group on double taxation on dividends. The aim of this work group is to come up with potential proposal on amendments to the legislation to balance tax burden for foreign investors to make Latvia more attractive for both international and the U.S. investments. If you would like to get involved, please contact us at amcham@amcham.lv.

Our concluding webinar of 2021 in Connect with AmCham series focused on well-being of employees, their mental health and ways to communicate and lead them throughout constant change. Inspiring experts Pārsla Baško of ERDA and Māris Taube, Professor of RSU gave valuable tips for employers on how to deal with difficulties in workplace caused by the emergency situation.

UAV Factory was announced the winner of the Latvian-American Innovation Award 2021 for their long-endurance aircraft “Penguin C Mk2 VTOL” designed for demanding operations to support missions in more restrictive environments. Vigo Health was announced the runner-up for their remote rehabilitation software "Vigo". The winner received 10,000 Euro and the runner-up 5,000 Euro and a custom made award.

All three Baltic AmChams held yet another webinar on a topical theme on the current challengee faced by the EU and Baltic energy market including a panel discussion featuring experts from Baltic States representing such companies as Valmiera Glass, Augstsprieguma tikls, Fermi Energia, Klaipedos Nafta and Eastman Specialties led by Pauls Miklasevics, AmCham Vice President. Joining as a guest speaker was Thor-Sten Vertmann Member of Cabinet of EU, Commissioner for Energy.