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Events
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The value of membership
Our annual highlight Meet AmCham was a fantastic opportunity for members to learn about benefits they are entitled to receive, explore diversity of AmCham programs and ways to promote their brands through our communication channels. Traditionally, new members had a chance to make their marketing pitches. The event included a networking session encouraging members to exchange views and propose how to cooperate with each other.
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Fairer taxes to make the country more competitive
Becoming more competitive in the region, making taxation fairer and less complicated have been the cornerstones of the proposed tax reform. Parliamentary Secretary of the Ministry of Finance Atis Zakatistovs explained the benefits of the upcoming changes in the taxation policy and the need to lessen existing tax regimes and generally focus on better expenditure management in the public sector.
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U.S. political landscape ahead of the presidential election
On October 1st, Pan-Baltic AmCham members had an opportunity to learn facts and figures about the upcoming and quite an unpredictable U.S. Presidential election race from the Pew Research Center expert Hannah Hartig and Director of Global Attitudes Research Richard Wike. To view the presentation of both speakers
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Countdown to the U.S. election with Fox’s Jon Decker
On October 8, members of all three AmChams in the Baltics had the exceptional opportunity to join a live conversation with White House Correspondent Mr. Jon Decker and to get an insider's look on the upcoming U.S. Election that will take place in 25 days. To view the presentation of John Decker
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Latvia & USA: Bilateral relations & foreign policy
One more October virtual and exclusive session featured both Ambassadors Māris Selga, Latvia’s Ambassador to the U.S. and John L. Carwile, U.S. Ambassador to Latvia who shared their foreign policy priorities and bilateral relations with a focus on economic cooperation.
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Competing in the Age of AI
In our latest webinar in partnership with Tatarklubben Harvard Business School professors Iansiti and Lakhani discussed why and how to reinvent the firm in this AI era and benefits of doing so. They also described how the COVID-19 pandemic has dramatically accelerated this digital transformation. Revisit the event here!
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3 Seas Virtual Summit
This year Three Seas Virtual Summit was streamlined from Tallinn with the focus on creative ideas for transformation. The aim of the Three Seas Initiative is to enhance energy, transport, and digital infrastructure across the Three Seas region. Latvia was represented by its highest officials: President Egils Levits, Minister of Foreign Affairs Rinkevics and Juris Puce, Minister of Environmental Protection and Regional Development.
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New member
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Viveo Health joins AmCham
We are delighted to welcome Viveo Health, a unique global health technology company providing fast, convenient and secure medical solutions, to the AmCham community. Viveo Health bridges insurance and healthcare offering a platform to connect patients, healthcare providers and insurance in real time, 7 days a week! We look forward to working with you!
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Advocacy
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Make your voice heard
Throughout this year AmCham has been increasing its advocacy efforts and cooperation with various stakeholders on issues including healthcare, labor force, tourism and many more. We encourage you to join one of our working groups to offer your input in matters that are important to your business. Read about ways to get involved and have your voice heard.
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AmCham unveils recommendations to improve Oncology Data Registry
AmCham has concluded an extensive study in cooperation with the Ministry of Health, National Health Service and other stakeholders aiming at improving the Oncology Data Registry. On October 15, the results were presented to the leaders of sector. Among the proposals are improving the existing system so that data from clinics are automatically transferred to national register PREDA, streamlining processes, improving content and ensuring data synchronization across different systems. The ultimate goal is to create new oncology data entry process with an entirely new tool which would ensure the input and use of meaningful, qualitative data that will improve patient outcomes, advance research and health policy planning.
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Addressing tourism challenges
Following the last meeting of the Joint Chamber Tourism working group, members of the American, Norwegian and Swedish chambers met with Inese Sirava, Director of LIAA Tourism department to discuss the available support mechanisms, adjustments in the tourism marketing plan as well as other topicalities in the current crisis-related circumstances.
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FICIL work group update
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 would like to take part in one of the 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.
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News
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airBaltic marks 25th milestone
This month 25 years ago the first airBaltic flight took off. To honor the 25th anniversary since the Latvian airline airBaltic launched commercial operations, the airline's employees are sending positive greetings to everyone all over the globe through a sincere birthday video. Congratulations to the airBaltic team!
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Leinonen Latvia celebrates 25th anniversary
Happy 25th Anniversary Leinonen Latvia! Since 1995 Leinonen has grown from Finnish family owned firm operating in accountancy and payroll management segments to fully equipped company supporting all financial service needs including legal, tax and investments advisory.
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Moody's upgrades Citadele credit rating to investment grade
On 29 September 2020, international credit rating agency Moody's has upgraded the credit rating of AS "Citadele banka" to investment grade, assigning Baa3 rating with stable outlook. In the first half of 2020, Citadele Group's capital adequacy ratio was 21.0%, Group's deposits were EUR 3.65 billion, and the net loan portfolio reached EUR 1.50 billion.
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The U.S. Presidential Elections and the Stock Market
Pauls Miklasevics, AmCham Vice President and individual member speaks on the upcoming U.S. Presidential Election and the Stock Market in his October opinion article that was also published in the October 2020 edition of Forbes Latvia. Pauls is the author of "The Baltics and Beyond" investment blog.
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CBRE Baltics MarketView: investment volume down 11%
The pandemic had a significant effect on the commercial real estate market in Europe and the Baltics. The investment volume in Europe for the first nine months reached EUR 184 bln, 11% down from the same period last year. In the Baltics for the first three quarters the investment market contracted more than one third to EUR 471 mln y-o-y. Read CBRE Baltics MarketView to learn more on the commercial real estate investment market.
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Drive real business growth now
Growth School has launched two courses tailor made for business professionals and marketing teams to further develop market relevant digital skills and offers 15% discount for AmCham members. The courses currently available are Product Management & Growth Strategy and User Experience & Customer Discovery designed for managers and taught by practicing experts from Bolt, Ericsson, Printify, IF and more.
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from 14:00 till 15:00
