Events
 
From brain drain to brain gain

Around 50 members of the American and Norwegian Chambers of Commerce and the Association of Business Service Leaders (ABSL) engaged in a timely discussion with business leaders and experts from Tieto EVRY, Your Move and Printify about main challenges and practical solutions regarding employer branding, internal mobility, remigrant and immigrant employee attraction. The discussion was moderated by Irina Kostina, Associate Partner of Ellex Klavins.

 
 
What enhanced due diligence means for banks and their customers?

On January 22, members were invited to a roundtable discussion with banking sector professionals to hear their insight on cooperation between banks and corporate customers in light of more stringent KYC policies.

 
 
Toward excellence in education

The Minister of Education and Science addressed members on her priorities in ensuring high-quality education. She elaborated on the Ministry's plan to implement "School 2030" and reform the governance model in higher education. She also touched upon the improvement of digital skills for teachers offering them programs to improve digital competence.

 
 
Priorities for 2020

The AmCham Board held its semi-annual retreat to discuss the strategic direction for 2020. Among key priority areas will be the enhancement of transatlantic trade and investment between Latvia and the US, improving the investment and business climate in Latvia, including addressing the challenges of new compliance framework in the financial sector, attracting international talent - Latvia as a career destination and improving health outcomes of Latvia's society.

 
 
News
 
New Chair for AmChams in Europe

Susan Danger, CEO of AmCham EU has been elected Chair of the AmChams in Europe network. AmChams in Europe is the umbrella organization for 45 AmChams from 43 countries around Europe by representing the interests of more than 17,000 American and European companies employing 20 mln workers. In her role, Susan aims to continue to engage and speak out in turbulent times for the transatlantic relationship.

 
 
Action is the only option

On January 9, Thomas Donohue, CEO of U.S. Chamber of Commerce gave the annual State of American Business address, where he outlined top priorities for the business community in the coming year: the need for trade policy certainty, prospective new trade negotiations with the UK and EU, China’s unfair trading practices, reforming the WTO and its Appellate Body, data privacy and digital trade. View speech and video!

 
 
Pārsla Baško joins ERDA Group

As of January 27th, ERDA is expanding its services to include strategic HR solutions and consultations. These services will be provided by ERDA's new business partner, Pārsla Baško. Congratulations to Ms. Baško on her new post and a warm welcome!

 
 
SMEs will get support to access capital markets

Eversheds Sutherland Bitāns participated in the development of the EU support fund program of EBRD and the Ministry of Economy to help SMEs access capital markets. It will be implemented as a pilot project for this EU planning period and aims to support 20 SMEs over the next three years in amount of one million euros.

 
 
McHappy Day raises over €44 000 for Care Mobile

The most successful McDonald's charity campaign "McHappy Day" has completed with an amazing result - €44 718 that has been raised to support the RMHC Latvia's Care Mobile program. These funds will be used to cover 4800 free medical consultations to children around Latvia.

 
 
Apply for 8 week CSR program!

Responsible Business Ambassadors is an eight-week program designed to cover all topics pertaining to CSR. It is a space where participants are welcome to share their experiences and learn from experts on how to create and improve business models. Application deadline: February 14!

 
 
Success Story
 
Ellex Klavins becomes Nasdaq First North certified consultant

As of January 8, 2020 Ellex Kļaviņš has become Nasdaq First North certified consultant in Latvia. Being a Certified Adviser permits the law firm to guide growth companies in Latvia through the Firth North application process and ensure they meet all the market's requirements on a continuous basis.

 
 
Advocacy
 
Take AmCham survey on banks

Due to the fact that several members have reported increasing difficulty in opening and maintaining their bank accounts in Latvia, we are now collecting member feedback about their cooperation with the banks in the past year. If you are ready to disclose your specific case, please take a moment fill out a short anonymous survey.

 
 
PwC survey on financial controls in Latvian enterprises

To gather information on financial controls in Latvian enterprises within the project Support of debt restructuring in Latvia our member PwC kindly asks you to fill in the questionnaire.

 
 
Latvian investment climate still average

In the latest FICIL Sentiment index foreign investors concluded that Latvian investment climate was still average. The Index is an annual study capturing opinions of about 50 largest foreign investors about the business and investment environment in Latvia. It includes investors' main concerns and outlines their plans of future investments.

 
 
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

 
 
     
 

January 2020

 
     
 

Welcome to our latest newsletter. We kicked off this year with the Board retreat setting the strategy for the coming year. The Minister of Education addressed members on her priorities in ensuring high-quality education and reforms in the governance of higher education institutions. Citadele banka offered a timely discussion on cooperation between banks and corporate customers. Joint discussion on trends and challenges facing the labor market was hosted by TietoEVRY and Your Move. We have prepared a lot of excellent events for you in the next weeks. Click on the links below to register!

 
     
     
 

Upcoming events

 
     

Feb 06, 2020

Ongoing projects in healthcare

from 12:00 till 13:30

 
     

Feb 07, 2020

Communication is key in the new financial landscape

from 11:30 till 14:00

 
     

Feb 10, 2020

Why invest in Latvia?

from 08:00 till 10:00

 
     

Feb 20, 2020

A memorable premiere: The Queen of Spades

from 17:30 till 21:00

 
     

Feb 25, 2020

The labor force work group sets targets

from 15:00 till 16:30

 
     

Feb 26, 2020

US Embassy team wins Bowling Tournament

from 18:30 till 21:00

 
     

Mar 05, 2020

The wind of change is here

from 11:30 till 14:00

 
     

Mar 09, 2020

What hinders investment

from 12:00 till 13:30

 
     

Mar 30, 2020

AmCham looks back at a succesful year amid crisis

from 15:00 till 16:00

 
     
 

Special Offers

 
     
 

A gift for a perfect vision

 
     
 

Self Managing Leadership program in Tallinn, February 18-20

 
     
 

Taco Tuesday at restaurant CUT

 
     
 
 
 
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