Events
 
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.

 
 
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.

 
 
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

 
 
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

 
 
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.

 
 
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!

 
 
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.

 
 
New member
 
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!

 
 
Advocacy
 
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.

 
 
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.

 
 
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.

 
 
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.

 
 
News
 
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!

 
 
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.

 
 
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.

 
 
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.

 
 
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.

 
 
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.

 
 
     
 

October 2020

 
     
 

Hello and welcome to our monthly newsletter.

We were grateful to be able to hold our highlight of the year Meet AmCham, offering an excellent networking opportunity for members. We had a chance to discuss the upcoming tax reform with the Parliamentary Secretary of the Finance Ministry. Together with our Pan-Baltic AmCham peers we brought to you several webinars on the U.S. Presidential election race.

In addition, we concluded a major advocacy initiative of the AmCham Healtcare work group - a study aimed at improving the Oncology Data Registry in Latvia.

Make sure you are subscribed to our updates. We look forward to e-seeing you. Stay healthy!

 
     
     
 

Upcoming events

 
     

Nov 04, 2020

What’s in store for Europe’s recovery plan?

from 14:00 till 15:00

 
     

Nov 05, 2020

Next steps and update on healthcare issues

from 16:00 till 17:00

 
     

Nov 11, 2020

How did the U.S. vote?

from 16:00 till 17:00

 
     

Nov 12, 2020

Creating organizations as amazing as the people inside them

from 18:00 till 19:00

 
     

Nov 17, 2020

Raising issues topical for labor force training and benefits

from 09:00 till 10:00

 
     

Nov 19, 2020

World Latvian Economics and Innovations Forum

from 14:00 till 20:00

 
     

Nov 26, 2020

Riga Health Data Summit: Sharing is Caring

from 10:00 till 17:00

 
     

Dec 11, 2020

What is Latvia's plan for recovery?

from 11:00 till 12:00

 
     
 

Special Offers

 
     
 

Breakfast at Grand Palace Hotel

 
     
 

10% discount for Sunday brunch at Skyline bar

 
     
 

Active leisure area visit at ESPA Riga

 
     
 

Piano Journey at Grand Hotel Kempinski Riga

 
     
 

Discounts from Hilton Garden Inn Riga Old Town

 
     
 

Traditional Latvian sauna house at Rumene Manor

 
     
 

Special offer for car rental from AVIS

 
     
 
 
 
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