AmCham launched its position on talent attraction outlining recommendations on attraction and retention of talent in order to tackle labor shortage. Our position is structured in two priorities: promoting Latvia as an international career destination and developing skills to reduce labor market mismatch. We believe companies in Latvia can benefit from hiring international talent, well-fit to explore foreign markets thanks to their language skills, business knowledge and intercultural abilities.

Ambassador Pettit shared a short retrospective of her four-year tenure in Latvia with over 50 members and guests during her special farewell luncheon. Further strengthening of the defense sector, reduction of shadow economy and combating corruption were mentioned as key priorities for Latvia going forward.

This was perhaps the most exciting Business After Hours ever. Thanks to our host Encompass Digital Media Latvia, members had an opportunity to visit LNT studio and try out the role of a news anchor and a weatherman. The event also included a tour around the Encompass office and its channel control room, a presentation about the latest trends in the global media landscape and great networking!

Over 20 representatives of 5 foreign chambers had an opportunity to join a discussion about health tourism and learn about related activities of LIAA and Latvian Health Tourism Cluster. Ensuring trust and obtaining high quality international standards were mentioned as the next essential steps to succeed in promoting Latvia as a prominent healthcare and medical tourism destination.

Following the sudden replacement of the Supervisory Board of Latvenergo, AmCham issued a statement about the negative impact of such actions on investors confidence. We urge all stakeholders to ensure a swift and transparent process in the selection of a professional and independent Supervisory Board in line with OECD guidelines, good corporate governance principles and best practice.

14 representatives from the healthcare industry took part at the last AmCham healthcare working group meeting. The aim of the meeting was to set the main priorities the group will be focusing on.

AmCham believes that a new specialized Economic Court would lead to the improvement of the business environment in Latvia. We are concerned about the fact that complicated economic crime cases remain unsolved for decades and therefore call the Judicial Council to support the establishment of a new Economic Affairs Court.

On June 6 at the 2019 Summit of the Three Seas Initiative in Slovenia, presidents of 11 AmChams in the countries located between the Baltic, the Adriatic and the Black seas have signed their support for better infrastructure, diversified and secure energy sources, and growth of the digital realm. The joint goal of the initiative is to build a more integrated, prosperous, and secure region within a growing Single Market.

Atlas Dynamics, a leading engineering company involved in the design and manufacturing of autonomous UAV systems for professional markets, has joined the Chamber as a Corporate member.

Please welcome a new Small Business member of our growing network - Human Source, which specializes in recruitment and evaluation of top management and high level specialists aiming at helping attract the most talented professionals.

Your Move, a job platform that helps companies in Latvia attract talents with international experience, has recently joined the Chamber as a Small Business member. Established in early 2018, Your Move is currently followed by thousands of people - Latvian returnees and foreigners who are looking to move to Latvia.

June 2019

Welcome to our newsletter. This month we hosted a farewell luncheon for US Ambassador Pettit to acknowledge her contributions and thank her for close partnership and friendship. We launched a position on talent attraction. We've been also active raising issues including reforms in healthcare, supporting establishment of a special Economic Affairs Court and calling to ensure good corporate governance principles in one of Latvia's most significant SOEs.

Upcoming events

Jul 02, 2019

from 08:00 till 09:30

Jul 06, 2019

from 13:00 till 16:00

Jul 26, 2019

from 15:00 till 16:30

Sep 18, 2019

from 11:30 till 14:00

Sep 19, 2019

from 17:00

Sep 26, 2019

from 17:30 till 22:00

Special Offers

Voucher for 100 EUR from Latvia Tours

International Yoga Day on June 30 at 10:30