News
 
What's next for Luminor?

This month members had an exclusive opportunity to visit Luminor for monthly Business After Hours and be first to hear more on bank's recently announced partnership with private equity fund Blackstone Group. View presentation - Economic overview and investment trends!

 
 
Superpower of networking

September's Meet AmCham event, filled with new insights and fun, was a success. AmCham's new members presentations were complemented by an excellent presentation and networking session led by Tales Rosa of Cegepa Learning Company. Members enjoyed ice-breaking group activities that were both fun and educational.

 
 
Setting stage for Saeima election

Representatives from seven political parties presented their vision for Latvia's future and priorities of each party's economic program as well as shared their views on improving the court system and insolvency processes, increasing government efficiency, addressing income inequality and labor shortage, advancing education reforms during the joint Chamber debate.

 
 
CRC, Nordtext and Richard Hunter join membership

CRC, Nordtext and Richard Hunter have recently joined the Chamber. Read further to find out more about their businesses. We welcome them to the AmCham community!

 
 
New Membership Directory available

We have recently published our annual Membership Directory for 2018-2019. The directory is available both as a hard copy and online as a PDF copy. Let us know if you would like additional hard copies!

 
 
Preparing for the new accounting law

FICIL calls to participate members interested in contributing to the new Accounting Law on February 12. If you would like to join the meeting discussing the draft law, please sign up: here

 
 
AmCham urges to adopt Whistleblower protection law

On September 18, AmCham Latvia sent a letter to the Saeima pointing out the necessity to adopt the Whistleblower Protection Law in Latvia until the end of the current Saeima's term. According to AmCham President Arnis Kakulis, "Whistleblower protection is a significant tool for combatting corruption, bribery, fraud and other illegal acts in both the public and private sectors. In the long term the creation of such an institution will only benefit both businesses and public interests and will help to promote a healthy corporate culture of accountability and integrity."

 
 
Your input on tax deductions for charitable giving requested

AmCham has received suggestions from several members to look at the impact of the new tax system on donations to public benefit organizations. According to a recent survey, corporate donations have declined by 38% y-o-y to date. If you have comments or recommendations on this matter, please share them with us.

 
 
Accenture opens brand new office in Teika

Accenture Latvia that currently employs more than 1550 employees in Latvia, decided to open a new office with 500 work places in New Teika, in the office of 4,000 square meters of 16-story building Teodors.

 
 
Kronbergs Čukste Derling joins LEVIN Law network of law firms

Kronbergs Čukste Derling has announced that their law firm has joined a new pan-Baltic advocate network, LEVIN Law. Kronbergs Čukste LEVIN is a member of LEVIN network of law firms which also includes Glikman Alvin LEVIN in Estonia and Dominas LEVIN in Lithuania.

 
 
Blackstone invests EUR 1 billion in Luminor

On September 13, Luminor has announced a new strategic investor - Blackstone investment fund with EUR 1 billion investment. Nordea and DNB have entered into an agreement to jointly sell 60 percent of Luminor to Blackstone. As a result of the transaction, each of Nordea and DNB will hold 20 percent of Luminor.

 
 
SEB bank: Financial literacy starts in schools

In the last three years SEB professionals have visited 500 schools in the Baltics, giving over 1000 lessons on financial literacy to more than 21 000 kids.

 
 
People
 
What's next for Luminor?

This month members had an exclusive opportunity to visit Luminor for monthly Business After Hours and be first to hear more on bank's recently announced partnership with private equity fund Blackstone Group. View presentation - Economic overview and investment trends!

 
 
Superpower of networking

September's Meet AmCham event, filled with new insights and fun, was a success. AmCham's new members presentations were complemented by an excellent presentation and networking session led by Tales Rosa of Cegepa Learning Company. Members enjoyed ice-breaking group activities that were both fun and educational.

 
 
Setting stage for Saeima election

Representatives from seven political parties presented their vision for Latvia's future and priorities of each party's economic program as well as shared their views on improving the court system and insolvency processes, increasing government efficiency, addressing income inequality and labor shortage, advancing education reforms during the joint Chamber debate.

 
 
Bringing Latvians back home

The social movement "Latvija Strādā", uniting Latvia-based employers, is eager to contribute to the current remigration tendencies. The goal of the movement is to return at least 1000 nationals to the Latvian labor market in a year. Up to now 78 employers have pledged to return 272 people, and more than 40 people have returned and are currently working in Latvia.

 
 
     
 

September 2018

 
     
 

Welcome to our latest newsletter. September marks a start to a very busy season here at AmCham. We had a unique opportunity to visit Luminor and hear more on what turns out to be the largest investment in the last decade in Europe. We hosted our annual Meet AmCham event primarely aimed at facilitating networking and getting to know members who have joined the Chamber in the past year. We also held a joint chamber pre-election debate with seven party representatives on their economic programs. Mark your calendars for upcoming events and make sure you attend one of our hottest and most fun events of the year Chili Cook-Off!

 
     
     
 

Upcoming events

 
     

Oct 04, 2018

A practical guide to U.S. market

from 09:30 till 13:00

 
     

Oct 11, 2018

Radisson Blu Latvija Conference & SPA Hotel takes top prizes

from 19:00 till 21:30

 
     

Oct 15, 2018

Fighting Financial Crime

from 11:30 till 14:00

 
     

Nov 02, 2018

The wisdom of teams

from 09:30 till 17:00

 
     

Dec 06, 2018

Kicking off the holiday season

from 18:30 till 21:00

 
     
 

Special Offers

 
     
 

The Self Managing Leadership® program: 9-11 October

 
     
 

PwC’s Academy Tax Foundation Course awaits its students

 
     
 
 
 
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