RMHC Latvija raises €27,500

AmCham members continue to contribute to RMHC Latvija's efforts to help children receive qualified medical services throughout Latvia. EUR 27,500 was the amount collected during the charity golf event "Hockey Charity Party" so that RMHC Latvija could buy a new vehicle for the Children's Mobile Health Care Center. Shoutout to the American Latvian Association, BluOr Bank, Reaton Food, Greco Latvia and many others for your generous support and donations.

On June 12, the Overseas Security Advisory Council Riga held a meeting on hybrid warfare and its impact on businesses. There are many adverse effects of hybrid warfare on businesses, including uncertainty of economies and reduced confidence in investments.

On June 7, members joined a luncheon with Kaspars Briskens, Minister for Transport to get an overview of the transport sector and discuss the latest developments and efforts to reshift Latvia's transport and logistic routes westbound. 

Sharing best practices on precision medicine

On June 6, representatives of the Precision Medicine sub-group had an online meeting with Lithuanian colleagues from the Innovative Pharmaceutical Industry Association (IFPA) to discuss the precision medicine development in Lithuania and Latvia.

On June 6, the AmCham Digital Affair and AI working group convened an online meeting which was devoted to discussing the Position paper on Latvia's digital transformation and AI.

AmCham and FAL discuss access to banking

On June 3 the AmCham Board met with representatives of the Finance Latvia Association (FAL) to discuss the latest developments in the financial sector and access to banking services. AmCham briefed FAL on its members’ experience and concrete case examples regarding the access to services and KYC process. Members are welcome to report on any issues they encounter either to the Bank of Latvia or FAL.

On May 30, in cooperation with the U.S. Embassy, AmCham members were invited by U.S. Ambassador Robinson to attend an event to get to know more about the operations and priorities of the U.S. government. The program included remarks by the Ambassador and various Embassy section leads, and networking.

“Future of Jobs 2024” to be held on June 10

ERDA invites AmCham members to join the conference “Future of Jobs 2024” on June 10 at 09.00-13.30 at Fantadroms, Gustava Zemgala 74A (or online), to learn about the latest trends, share experiences on current tools and solutions, and reflect on the challenges and future development of the Latvian labor market.

New CEO for Citadele Bank

Citadele Bank has announced the appointment of Rūta Ežerskienė as the new Chief Executive Officer and Chair of the Management Board. Currently serving as a Member of the Management Board and Chief Retail Officer, Rūta's elevation to the CEO role reflects her leadership and confirmed expertise in the financial sector. 

Foreign investors call to amend the Labor law

FICIL and AmCham have proposed various recommendations for amendments to the Labor law to make it more flexible and up-to-date for both employees and employers, thus improving the overall economic competitiveness of Latvia.