By Prime Minister
BAKU, Azerbaijan, July 4. On Tuesday, July 3,
representatives from the Ministry of Economics, leadership of the
Investment and Development Agency of Latvia (LIAA), and regional
coordinators met at LIAA鈥檚 Jelgava office to review the performance
and strategic role of LIAA鈥檚 regional offices, Trend reports.
The meeting delineated critical focal points for forthcoming
operational endeavors.
During the event, Minister of Economics Viktors Valainis
underscored the pivotal function that regional representatives
fulfill in the effective execution of LIAA鈥檚 current reform
initiatives.
鈥淭he active work of regional representatives is essential for
LIAA鈥檚 transformation. Regional business development is the
foundation of a sustainable economy. Our goal is to ensure that
every company in Latvia鈥攔egardless of location鈥攔eceives the support
it needs to grow, export, and attract investment,鈥 Valainis
LIAA鈥檚 regional offices have taken on a more proactive role in
working with both existing businesses and potential investors,
implementing initiatives that enhance the environment for
entrepreneurship, innovation, exports, and investment in
cooperation with regional and industry partners.
鈥淭his year, the role of LIAA鈥檚 regional offices has grown
significantly. Since March, we鈥檝e held over 320 meetings with both
foreign and domestic companies to identify investment
opportunities, understand business needs, and provide tailored
support. Our goal is to be present, work closely with
municipalities, and support sustainable investment attraction in
the regions,鈥 said LIAA Director Ieva J膩gere.
From March to July, LIAA conducted 321 meetings with companies
generating at least 1 million euros in annual turnover and with
export potential鈥243 of them in Latvian regions and 49 in Riga.
These engagements helped identify business needs and collaboration
opportunities aligned with state support programs. Notably, 43
meetings were dedicated to post-investment service for existing
Furthermore, 42 municipalities have met with LIAA
representatives to discuss their integration into local development
plans and investment attraction strategies.
In April, LIAA鈥檚 Jelgava office became home to the first
permanent regional representation of the Ministry of Economics,
reinforcing state presence and enabling closer cooperation with
regional businesses and investors. The office now serves as a
platform for long-term public-private collaboration in the Zemgale
The meeting also included preparation discussions for one of the
year鈥檚 major international investment and export missions鈥攁 state
visit to Germany from September 24 to 26, led by Prime Minister
Evika Sili艈a and Economics Minister Viktors Valainis. Latvian
entrepreneurs are invited to participate, with registration open
until July 16 via business.gov.lv. The mission will promote
cooperation with companies in Hamburg and Rostock, key regions in
ICT, defense, biotech, and smart energy.
Participation in such international visits is supported by the
EU co-funded Innovative Entrepreneurship Development Program for
SMEs, through the European Regional Development Fund and state
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