Peteris Strautins, Economist of Luminor gave a short overview of the economic forecast for 2021 including economic consequences of the pandemic outlining major industries of growth, impact on trade sector and labor market during our latest online meeting. He also touched upon possible scenarios of economic recovery. To view the presentation!
Inese Voika, Member of the Parliament and Chair of Working Group for Transparent Lobbying Framework, addressed AmCham members on the recent activities for the development of advocacy regulation in Latvia. She explained that the Defense, Interior Affairs and Corruption Prevention Committee of the Saeima has set an objective to develop a lobbying regulation that would include a broad definition of lobbying and the requirement for registering lobbying efforts.
On January 14, AmCham organized an online discussion on the new approach to supervision of the banking sector, including the upcoming changes in legislation and how it may affect the bank-customer relationship and attraction of foreign investment with key stakeholders from the legislative and regulatory branches and the private sector: Santa Purgaile, Chairwoman of FCMC, Gatis Eglitis, Chairman of Saeima's Financial Sector Supervision Committee and Laima Letiņa, Advisor at Finance Latvia Association. To view the presentation of Santa Purgaile!
In the annual State of American Business speech on January 12 , U.S. Chamber of Commerce CEO Thomas J. Donohue outlined the path for a widespread economic recovery through a bold agenda of infrastructure investments, workforce reskilling, immigration reforms, and reinvigorating America’s global competitiveness. Additionally, he warned that excessive regulations and anti-competitive taxes would undermine the recovery.
LightSpace Technologies, global leaders in multi-focal accommodating 3D AR headsets and glasses free future 3D image displays, has recently joined the Chamber as a Small Business member. It’s mission is to create key enabling technologies that visualizes 3D images, naturally accommodate human vision system and without harm to eyes can be used for long periods by professionals or consumers. We warmly welcome them to AmCham!
In a survey recently conducted by AmCham, members revealed top skills required and ways how they are upskilling their employees. The survey also included assessment of the government-subsidized upskilling programs if they have been used by member companies. The results showed that additional training is necessary in the following skill areas: leadership, digital, project management, English and Russian language and data.
Following the publication of our vision statement on Latvian healthcare, the AmCham Healthcare work group carried out two projects in 2020 aiming at helping create more efficient and sustainable healthcare system: improvement of the Oncology data registry and an international Health Data Summit. In 2021 HCWG will focus on five projects: Oncology Data Registry; Digital Health Strategy; Legal Framework for Secondary Use of Health Data; Health Data Summit and Value based healthcare approach, each of which will be led by a smaller work group. Read more and sign up for projects!
The Foreign Investors Council in Latvia or FICIL is one of AmCham's closest advocacy partners. You are invited to take part in one of its many working groups. The following WGs have scheduled meetings in February 2021: healthcare, labor force, investment protection and court efficiency as well as tax policy and administration. If you are interested in taking part in the FICIL work groups, please sign up directly here. Please note that work groups formulate opinions relevant to the business climate as a whole, not individual investors.
In cooperation with the startup ecosystem players in our region, Swedbank is launching sustainability co-creation accelerator "Future Hub" with a goal to provide opportunities for market-leading companies to work on their business sustainability challenges by facilitating cooperation with GreenTech startups working in areas such as food, agriculture, mobility, energy, smart cities, supply chain logistics, CO2 tracking and other areas of corporate sustainability. Applications open until February 16!
Transparency International has published the results of the Corruption Perceptions Index 2020. Latvia’s score has increased by 1, from 56 to 57, and ranks 42nd the world (together with Cyprus and Costa Rica) and compared to 2019. While this might be seen as a positive step, the score is still too low and indicates that Latvia is lagging behind compared to other EU and OECD countries.
Riga Graduate School of Law has recently been awarded the prestigious Jean Monnet Chair by the European Union to strengthen the academic education in EU studies within the project "Excellence in EU Studies at Riga Graduate School of Law". Jean Monnet Chairs are teaching posts with a specialization in EU studies for university professors, awarded by the European Commission in a highly competitive peer-reviewed process.
Welcome to our latest newsletter. We kicked off this year with an online meeting on the new approach to supervision of the banking sector. Inese Voika, Member of the Parliament addressed members on the development process of a lobbying regulation and Peteris Strautins, Economist of Luminor gave a short overview of the economic forecast for 2021.
We have also been active in terms of advocacy issues: invited members to sign up for this year's healthcare projects and compiled results of our recent survey on employer skill needs.
We have prepared a lot of excellent events for you in the next weeks. Click on the links below to register!