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Latvia–Germany Business Forum Highlights Strong Economic Cooperation in Digitalization, Green Energy, and Defense
Today in Rostock, the Latvia–Germany Business Day took place, attended by more than 250 representatives from companies, academic institutions, and government bodies from Latvia and Germany. The forum was part of Latvia’s largest business delegation to Germany to date, which brought together over 180 entrepreneurs from various sectors.
At the forum’s opening, Latvian Prime Minister Evika Siliņa and Mecklenburg-Western Pomerania Prime Minister Manuela Schwesig emphasized the strategic partnership between the two countries and their shared goal of strengthening regional resilience through investments in energy, digitalization, and innovation.
“We have met this week with representatives of more than 430 companies – this is the largest business event in Germany in recent years. We are already seeing the first results: cooperation agreements in energy and digital sectors, and a historic memorandum with Rheinmetall on the establishment of a production facility in Latvia. Our economic course is clear – we attract strategic investors, develop innovations, and strengthen industrial capacity. During this visit, we have laid the foundation for projects worth more than €1.2 billion. This is an investment in our country’s future, regional security, and European growth,” said Economic Minister Viktors Valainis.
During the business forum, three parallel sessions were held:
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Green Transformation in the Baltic Sea Region: Projects by Latvian companies such as Latvenergo, Laflora Energy, and the Riga Freeport were presented, along with the international initiative BalticSeaH2, highlighting the role of hydrogen technologies in the transition to green energy. Laflora Energy is already collaborating closely with Rostock-based Nordex Energy, which produces next-generation wind turbines.
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Digitalization Session: Discussions focused on implementing artificial intelligence solutions across industries and academia. Participants included RTU, Tet, Tilde, and the Latvian IT Cluster, alongside German partners.
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Defense and Dual-Use Technologies: Opportunities in drone and other dual-use technologies, as well as energy, were emphasized. The Military Technology, Drone, and Robotics Association (MilTech Latvia) and the company Edge Autonomy presented their developments to German partners.
“We see that German companies are looking for new cooperation opportunities, including in public-private partnerships, where they have significant experience. For us, this is still a new but very promising area to attract investments for major projects, such as the development of Riga Airport, ports, or other critical infrastructure,” highlighted Ieva Jāgere, Director of the Investment and Development Agency of Latvia (LIAA).
Examples of Latvia–Germany Cooperation:
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Riga and Hamburg ports collaborating on digital innovations.
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RTU and HafenCity University cooperating on sustainable urban and mobility solutions.
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Latvian company Aerones considering Hamburg as its Central European base.
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Preparatory work for the Nordic Homes modular housing project in Hamburg.
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Laflora Energy and Nordex Energy collaborating on wind energy projects in Latvia.
Latvian Delegation Companies and Organizations Include:
ALL-TECH; AM Enerģija; Abillio; AdvanGrid; AppXite; Baltijas Fotonika; Bdetect; Biosan; Bonusukarte.lv; C2; CIS Liepāja; CMB Mājokļu Fabrika; Cellbox Labs; Citrus Solutions; Cēsu novada pašvaldība; Datakom; Debitum Investments; Double Helix Technologies; Ecengo; Edge Autonomy; Engycell; Fintech Latvia Association; Flora; Riga Freeport Authority; LVR Flote; Green Technology Cluster; Ignitis Renewables Latvia; IT Cluster Latvia; Laflora Energy; Latvenergo; Latvian Chamber of Commerce and Industry; LMT; MilTech Latvia; Rettenmeier Baltic Timber; Riga Technical University; Latvian University of Life Sciences and Technologies; Latvijas Biotehnoloģiju Universitāte; Schwenk Latvia; Tet; Tilde; Vizulo Solutions, among others from biotechnology, sustainable energy, IT and financial technology, logistics, construction, and defense sectors.
The trade mission was organized by the Ministry of Economics and LIAA in cooperation with the State Chancellery and the Embassy of Latvia in the Federal Republic of Germany.
The trade mission is supported by the European Regional Development Fund (ERDF).
About the Investment and Development Agency of Latvia (LIAA):
LIAA promotes the competitiveness of Latvian businesses, export growth, and investment attraction, develops the tourism sector, and implements the national branding policy. The agency acts as a state partner in business development – from idea to international markets. With an extensive representation network abroad and regional business centers in Latvia, LIAA helps companies grow and positions Latvia as a safe, innovative, and open country in the global economy.