Latvia - successful in overcoming the pandemic

Jul 07, 2020

Latvia has succeeded in overcoming the first wave of the pandemic more successfully than most other countries, and has the strongest results according to many economic indicators, according to Martins Abolins, Citadele Bank Economist. The initial downward slide in the economy is over, and Latvia is experiencing a V-shaped recovery. Sensible state finances and being part of the Eurozone allowed borrowing funds to stimulate the economy, while balanced external trade, moderate house prices and careful issuance of loans helped keep the internal economy stable. However, the crisis is not yet over and a cautious approach should continue to be taken.

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Obstacles to hiring international talent removed

Dec 12, 2019

On Tuesday, December 10, the Cabinet of Ministers supported the removal of several bureaucratic obstacles to hiring international talent. We would like to thank and congratulate our Labor working group, and especially, Irina Kostina (Ellex Klavins) who contributed to the positive outcome of these long-awaited amendments!

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Investments in Sustainable Pension Plan Exceed €2 mln

Dec 04, 2019

At the end of May, Citadele Bank's subsidiary, CBL Asset Management, created Latvia's first pension plan whose pension savings are invested in businesses which are the most sustainable in their respective industries: protecting the environment, taking care of their employees and acting responsibly in the long term.

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McDonald's will invest 5.2M EUR

Oct 31, 2019

McDonald's, a leading restaurant chain in Latvia through its 25 years of growth in Latvia, plans to continue strengthen its market leadership and invest 5.2€ million in further development and people training and motivation program in the next 3 years.

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Bringing Latvians back home

Sep 28, 2018

The social movement "Latvija Strādā", uniting Latvia-based employers, is eager to contribute to the current remigration tendencies. The goal of the movement is to return at least 1000 nationals to the Latvian labor market in a year. Up to now 78 employers have pledged to return 272 people, and more than 40 people have returned and are currently working in Latvia.

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Is your company family friendly?

Jun 13, 2018

The Ministry of Welfare announced SEB banka and RISEBA to be among the most family-friendly companies in Latvia.

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Work From Anywhere Day for the 7th time in Latvia

May 28, 2018

For the 7th time in Latvia the "Work from anywhere!" day took place on May 25 at Jaunā Teika, square of the co-working and event space "Teikums" and brought together more around 500 event participants who support flexible working style.

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AmCham sends out position letter on Labor Law

Nov 29, 2017

As a result of a productive Labor Force working group meeting AmCham Latvia sent out a position letter to the state officials pointing out the necessity to push forward amendments to the Labor Law.

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Qualified employees for the US plant

Aug 24, 2017

Valmiera Glass Group in the cooperation with the OFTC has completed the first hiring event for students of the OFTC from the Mechatronics System Technician and Glass Fiber Production Operator study programs.

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Who is the most family friendly company?

Aug 24, 2017

AbbVie, RISEBA and SEB bank were named among the most family-friendly companies in Latvia by the Ministry of Welfare.

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I look forward to promoting stronger U.S.-Latvia ties and working with AmCham members to ensure Latvia is a trusted destination for international business.

John Tully, Chairman of the Board of MikroTik

I would highly recommend membership to other professionals looking to expand their business connections.

Gundars Ziemanis, Latvia branch Country Manager, Siemens Healthineers