Printify attracts 3 mln USD investment

Printify, a technology platform that automates print-on-demand services for merchants around the world, raises 3 million USD investment to expand its marketplace for custom printing. Among strategic angel investors are Steve Chen, Kevin Lin, Katie Jacobs Stanton and Gokul Rajaram.

Transatlantic Economy study is out

AmCham EU has published Transatlantic Economy study with annual survey of jobs, trade and investment between the United States and Europe. The study provides useful background on the importance of the transatlantic economy and the deep economic integration between Europe and the US.

A panel discussion on return migration was organized by association "With global experience in Latvia". Renate Strazdina, AmCham Board Member and Country Manager of Microsoft Baltics represented AmCham on the panel highlighting key conclusions from a recent member survey on Latvia's labor market challenges.

More than 130 individuals, representing over 80 different companies and government agencies including 20 companies from Latvia participated in the second Latvian-U.S. business conference Spotlight Latvia on May 2 in Denver, Colorado focusing on Healthy Living including topics of healthy nutrition, biotechnologies and sports equipment.

Latvijas Finieris becomes a member

Please welcome a new Corporate Contributing member of our growing network – Latvijas Finieris. Latvijas Finieris is the world’s leading developer, producer and supplier of birch plywood products and related services. Other key activities include forestry and logging, production of synthetic resins, phenol films and wood-plastic composite overlays, as well as purchase and distribution of complementary panel products.

Zinta Jansons elected to the Board of FICIL

On April 30th Zinta Jansons, AmCham Latvia Vice President and Partner & Head of Tax Practice at Ellex Klavins was elected to the FICIL Board. Zinta has been serving as a Board Member of AmCham since 2016 and replaces Ingrida Karina-Berzina on the Board of FICIL.

14 principles of good governance for unlisted companies

The publication "Corporate Governance Guidance and Principles for Unlisted Companies in the Baltics", is adapted to the Baltic business context by the Baltic Institute of Corporate Governance. Unlisted companies are welcome to use this framework to ensure their long-term sustainability.

In a meeting with the Director of the NATO Strategic Communications Center of Excellence the growing impact of disinformation on businesses and the society was discussed. Digitalization has brought a major shift in how information is consumed highlighting human vulnerabilities. The digital ecosystem poses new threats from faking your online presence to stealing your personal and company data. Recommended actions? Be aware of security risks, prepare an adequate regulatory framework, treat your data as a powerful tool and call for improving governance to keep pace with fast evolving technologies.

During the last labor force working group meeting the results of the labor force survey were discussed. According to the initial results it was decided to accentuate two priority areas which we believe should drive the political agenda to adequately respond to the challenges brought on by labor shortages: putting Latvia on the map as a career destination and developing skills to empower people. Among key recommendations will be calling to create a comprehensive strategy and website for talent attraction. Full report on the survey results will be communicated shortly.

Members of the Healthcare working group discussed the ways to improve the digitalization efficiency. Baiba Apine, Leader of FICIL Digitalization work group shared recommendations for the upcoming High Council in May: establishment of CIO office, responsible IT policy, improvements of G2B interaction, further development of e-Identification solutions and clear digital agenda for Latvia. At the next meeting the working group will discuss Health Technology Assessment.