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Newsletter

Newsletter, June 2021

 

Summer is here with some hope for normality and an opportunity to gain strength and optimism after what has been a very difficult year. During the vacation season we are slowing down our activities to get recharged with family and friends surrounded by nature and sunshine. However, we are hoping to see you already next week for a unique summer networking event. Enjoy the summer break, stay well and connected!

 
 

SAVE THE DATE

 
 

 
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Jul 07, 2021 (18:00-21:00) - Celebrating summer with a BBQ. Read more

 
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Jul 08, 2021 - Jul 09, 2021 (12:00-13:30) - The Three Seas Summit and Business Forum in Sofia. Read more

 
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Sep 07, 2021 (15:00-17:00) - Doing Business in America. Read more

 

 

 
 

Past events

 
 

Economic prospects: Out of the woods yet?

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On June 8, Līva Zorgenfreija, Chief Economist of Swedbank Latvia provided an in-depth macroeconomic outlook and engaged in a lively discussion with members. While the Latvian economy did relatively well in 2020, the performance was worse than the rest of the Baltics, but strong growth is expected again in 2022. Read more

Tech is changing the way we live

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On June 3, a webinar in Connect with AmCham series explored the topic of the future technology with excellent experts from our membership - Kristaps Banga, Innovation Lead at Accenture in Latvia and Mārtiņš Bērziņš, Head of Digital Customer Experience, Deputy Business Development at Citadele banka. Read more

 

Key takeaways of the EU-US summit

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The EU-U.S. Summit was a historical milestone in announcing concrete cooperation in a number of areas, including aircraft subsidies, technology, climate, taxation and vaccines. The outcome of the summit underscores the determination of the EU and the U.S. to shape the global economy’s future direction around the values of democracy, rule of law, open trade and fair competition. Among one of the most significant announcements was an agreement on the aircraft disputes, accompanied by a pledge to suspend application of USD 11.5 billion in tariffs.
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AmChams call on easing restrictions on transatlantic travel

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As part of AmChams in Europe U.S. Week: Washington DC Virtual Outreach, a meeting with the White House National Security Council was held on May 12. Following the meeting, a memo was created outlining the business impact of visa processing delays across Europe. The memo calls for a quick solution on travel restrictions from Europe, a review of current status of visa processing at U.S. Embassies across Europe and to provide consular offices with the necessary resources to process visa applications in a timely manner. Read more

 
 

New member

 
 

Welcome Belconsult to AmCham

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Belconsult, strategic and management consultancy company, which specializes in assisting management to build and implement strategies, corporate governance and internal control systems, has joined the Chamber as a Small Business member. A warm welcome to Belconsult! Read more

 
 

Best practices on vaccination

 
 

Dynatech ensures 210 shots against COVID-19

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Striving to achieve herd immunity at workplaces, employers are facing a critical set of challenges on how to make the vaccination process smooth and efficient. To share best practices of how our members are responding to this challenge, we asked our member DYNATECH how they go about vaccination in their company. Read more

Campaign “Trust Science” held by Latvijas Finieris

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At the beginning of 2021, Latvijas Finieris organized the campaign “Trust Science” by putting up posters in those areas of the Pardaugava neighborhood in Riga where it has its main manufacturing facilities. The posters show employees of the company with short slogans that call on people and the public to be responsible. The campaign also takes place in the Internet environment. Read more

 

95% of teachers fully vaccinated at ISL

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95% of International School of Latvia (ISL) teachers and staff are now fully vaccinated to ensure education can continue safely. ISL is incredibly grateful for everyone who has vaccinated with them in a joint effort to protect our community and advocate for ALL students in Latvia to be allowed back on campus for the next school year! Read more

Fostering vaccination for employees

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We asked Encompass Digital Media how they are supporting vaccination. Recently they have ensured vaccination for about 35% of their employees. Besides providing information about vaccination to their employees, they provide two additional paid holidays for employees who are willing to get vaccinated. Read more

 
 

News

 
 

Research on skill building efforts in the Baltics

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Our member ERDA together with UpMatched, an organization with the aim to enable learning experiences for employees through a digital tool, is seeking to gather and share what tools and methods Baltic companies are using to upskill or reskill their employees, and how fruitful these efforts have been. Please take a moment to fill out the survey HERE Read more

Ellex named best litigator in the Baltics

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On June 3, during the Benchmark Europe Awards 2021 virtual ceremony the Ellex’s dispute team was recognized as top litigators in the Baltics. Find further information about the awards here. The full list of the winners here. Read more

 

Rimi launhces campaign for Care Mobile

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From June 19 to June 30, Ronald McDonald House Charities Latvija (Care Mobile) jointly with Rimi Latvia holds a fundraising campaign that will help provide free medical advice and consultations to children throughout Latvia. Donate in Rimi stores, e-Rimi, your Rimi card savings and on www.rmhc-latvia.lv. Read more

New Chef and offers of Grand Hotel Kempinski Riga

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As of June 15, the Grand Hotel Kempinski Riga has fully intensified the operation of Kempinski The Spa and restaurants - the Bar & Restaurant STAGE 22 and the restaurant AMBER in accordance with the current epidemiological safety measures in Latvia. The hotel also welcomes new Executive Chef Javier Lopez, who has joined the Riga team since May. Read more

 

How will Latvia adapt to new investors’ priorities?

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According to the EY Baltics’ attractiveness report, last year the turbulence and uncertainty halted by COVID-19 caused foreign direct investment in Europe to fall 13%, at the same time Latvia managed to show growth of 79% compared to the year before. In addition, 69% of investors plan to establish or expand operations in 2021 in Latvia. The report also reveals that 56% of foreign investors will pay more attention to environmental sustainability in their future projects, while 52% will focus on reducing CO2 emissions and 47% on cleaner energy sources. Read more

FICIL highlights: Higher education reform adopted

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On June 8 the Higher Education reform was adopted in the Saeima. AmCham along with FICIL has advocated for the necessity to improve the governance of higher education establishments and is pleased with the progress. Recently, FICIL published a study on the readiness of businesses and public administration for the European Green Deal where foreign investors and local companies outlined their approach to sustainability, cooperation among public and private sector to reach green targets and the upcoming challenges. FICIL's Annual High Council meeting will take place on September 16-17 and will focus on human capital, green economy development, digitalization, and rule of law.  Read more

 
 

Special offers

 
 
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Piano Journey at Grand Hotel Kempinski Riga on July 23 and August 14, 2021. Read more

 
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Advisory on attracting financial investment by Leinonen Latvia. Read more

 
 

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Member of the AmCham network | © American Chamber of Commerce in Latvia 2021