AmCham supports Latvian government in efforts to moderate the impact of the virus

Mar 19, 2020

AmCham fully supports the strong and decisive action and official steps taken by the Latvian government to moderate the impact of the spread of COVID-19.

On March 19, the Chamber sent a letter to the government and the Saeima Economic Commission calling to implement comprehensive measures in the area of fiscal, monetary, sectoral, employment and social policies to minimize the negative impact on the economy.

AmCham President Ingrida Karina-Berzina said: "We are witnessing major dips in revenues, especially in the hospitality, travel and transport industries. The impact of the pandemic has started to affect the global growth, including in Latvia."

She went on to say: "Travel disruptions and reduced staff present the most significant and immediate challenges for businesses, which face increased costs of operations and significantly reduced revenues. These are accompanied by supply chain disruptions, both locally and internationally. Along with the global business community, American businesses are stepping up to address the crisis."

AmCham is closely following the impact of the new circumstances on the business and is ready to engage with relevant authorities in combating the virus and its implications.

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NCH Advisors, Inc.


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