Trade opportunities in Latvia
On Wednesday 17th of October, Norwegian Turkish Chamber of Commerce members organized a business meeting under the name of Trade Opportunities in Latvia and Baltics, in association with the embassy of the Republic of Latvia to discover new business opportunities in the country. The entrepreneurs attended the first series of conferences entitled ‘Business through Embassies’, which will be continued in coming days by the provided assistance of Norwegian Turkish Chamber of Commerce in association with embassies. The events ‘Entrepreneurs meet Embassies’ serves as a forum for diplomats, trade organisations and entrepreneurs to meet and exchange ideas on investment and trade opportunities. These conferences also facilitate and promote constructive dialogue and collaboration between governments and innovators seeking to do business in new and less considered regions.
The seminar has started with the speech of Latvian ambassador Indulis Ābelis and went on with the presentation of Gatis Ginters who is responsible for Latvian Investment and Development Agency and Head of Representation in Norway.
The Ambassador Indulis Ābelis
In his welcome speech, Ambassador Indulis Ābelis firstly expressed his pleasure to attend the event then emphasized the similarities of both Turkey and Latvia. He pointed out the general view of the Latvian economy and trade advantages in Latvia. Besides, Ambassador Ābelis also mentioned the current challenges his country faces, namely its exposure to the Euro zone crisis. However, He provided figures to prove Latvia’s preserved macroeconomic stability. As current year´s highlights he mentioned, among others, the progress in EU accession process, rising exports and export/import coverage and strong FDI inflow. He concluded by giving some of Latvia’s current prospects, such as continued arrival of big investors, greater investment opportunities compared to the other EU countries.
The Counsellor of Economic and Commercial Affairs, Gatis Ginters
Mr. Ginters firstly provided key information about Latvia, pointing out its favourable geographic position, and the advancement of EU accession process. He mentioned Latvia’s top export sectors and investment sectors, as well as its big investors. He reminded the audience that these big companies offer good cooperation opportunities for SMEs. Mr Ginters highlighted Latvia’s other advantages, such as the most attractive tax system in Europe, a favourable grant distribution system, low salaries and well-educated labour. After a detailed economic overview of Latvia, to conclude his presentation, Mr. Ginters add a few words about Latvian Investment and Development Agency, which supports companies seeking to set up or expand their business operations in Latvia.
Posted by Administrator on Sunday, January 6th, 2013 @ 7:06PM