On May 24, members and their guests were invited to the first American Music Night at the live music bar Sidrerija. It was a fun event and a truly unique opportunity to experience American culture and live music played by SugarSugar in the company of friends and fellow AmCham members. The band was playing rock'n'roll and blues covers on many great songs of Howlin’ Wolf, Muddy Waters, Eddie Cochran, Elvis Presley, Jimi Hendrix and others.

Welcome BluOr Bank to AmCham

BluOr Bank, a bank for business and entrepreneurs, has recently joined the Chamber as a Corporate Contributing member. The bank's goal is to help empower its clients to attain long-term success. Clients do not just choose BluOr Bank’s products and services – they choose BluOr Bank as a partner. A warm welcome to BluOr Bank!

Industry concerned over the EU Cybersecurity Certification Scheme for Cloud Services

AmCham EU along with 12 other organizations, calls for a swift adoption of a workable and non-discriminatory EU Cybersecurity Certification Scheme (EUCS). Transparency, stakeholder involvement, digital sovereignty requirements and clarity with other EU legislation are just some of the areas that must be addressed. Any EU cybersecurity certification scheme should focus on technical measures to strengthen security and resiliency and, it should rely on and be aligned with consensus-based international standards that have proven to be efficient by way of broad industry adoption. Read more in the joint business statement. 

Tech Recruitment joins membership

Tech Recruitment, company delivering a high-standard IT, tech recruitment services and executive search on a global scale, has joined the Chamber as a Small Business member. The team owns an international experience in recruitment, HR, executive search and business development within global organizations, both in-house and agency. A warm welcome to AmCham!

U.S. Chamber Statement on Meta Data Fine

Following the recent announcement of a significant fine against Meta and an order for the company to halt transatlantic data transfers, the U.S. Chamber of Chamber issued a public statement highlighting the urgent need to finalize and implement the EU-U.S. Data Privacy Framework on May 22, 2023.

Recommendations for cross-border activities in Single Market welcome

The Ministry of Economy welcomes recommendations on reporting obligations as part of the administrative burden that companies face in cross-border activities in the EU Single Market by May 30, 2023. Please submit them by using the template that is available both in English and in Latvian.

ISP Optics Latvia invests over €438 000 in new equipment

ISP Optics Latvia has agreed with Swedbank to invest more than 438 thousand euros in new production equipment that will allow the company to expand its optical lens production activities by providing advanced coating technologies by offering a more diverse range of coating products and will also reduce the negative environmental impact of production. ISP Optics operates in Latvia for 32 years, employs 100 people in Latvia and exceeded net turnover 13 million euros in 2022.

Strengthening Transatlantic partnership and connections

On May 8-12, AmChams in Europe met for annual U.S. conference in Washington D.C. and Houston, Texas to highlight the significance of transatlantic relations and obtain important insights into the U.S. economic and political landscape. 

Janis Paksis joins AmCham

Janis Paksis, a professional with more than 20 years of experience in leadership and business, technologies management, has recently joined AmCham as an individual member. He is a business technologies expert passionate about the development of businesses, services, products, and offerings using the latest innovations, approaches, and technologies. A warm welcome to AmCham community!

On May 18,  AmCham held a Thought Leaders Series event with Anda Caksa, Minister of Education and Science, attended by our Corporate Contributing members and Labor Force work group representatives. The Minister outlined her priorities and the government’s plans with regard to upskilling or reskilling the existing workforce and ways to promote the culture of cooperation between universities and the industry to narrow the mismatch between the quality of education and labor market demands.