Translated using ChatGPT service.
Latvia can offer Germany a range of digital solutions in port management technologies, construction, and other sectors. “We see interest in cooperation at both strategic and practical levels. On the German side, there is interest in investment opportunities in Latvia and in using the services we offer, such as various digital solutions in finance, port management, and other areas,” emphasizes Ieva Jāgere, Director of the Investment and Development Agency of Latvia (LIAA), commenting on the ongoing trade mission in Germany, which began on September 24 and will continue until September 26.
In Hamburg, Latvian companies, together with representatives of the Port of Hamburg, continued work on activities included in the June memorandum of understanding on maritime technologies and digital innovations, which involves the Freeport of Riga, LMT, SIA Elektroniskie Sakari, and LVR Flote from Latvia, as well as the Hamburg Port Authority and the Hamburg Port Fleet from Germany. The memorandum provides for joint work on the implementation of 5G and artificial intelligence solutions in port digitalization, cybersecurity, and logistics resilience enhancement.
Artūrs Lindenbergs, Head of Innovation Development at LMT, said:
“This cooperation is a step that allows Latvian companies to showcase their technological solutions at the European level. We are currently developing digital tools that will enhance the competitiveness and sustainable development of ports in the future. We are working on four development directions in port management and digitalization to identify applications and develop solutions that will create high added value for the entire sector.”
Ports and logistics are one of the seven thematic areas of the trade mission. Separate programs are also offered for companies in the defense industry, construction, biotechnology, smart energy, financial technologies, and information technologies.
During the visit in Hamburg, a cooperation memorandum was also signed between Riga Technical University and HafenCity University, focusing on sustainable urban development and mobility solutions. Several strategic Latvian public-private partnership projects were presented, with the participation of over 20 German investors. Projects showcased included the development of the Kundziņsala terminal in the Port of Riga, Riga Eastern Hospital, Riga Airport development, among others.
In Rostock on September 25–26, the delegation will meet with companies from various sectors and participate in the Latvia–Germany Business Day, which will bring together over 250 participants and focus on the development of energy, digitalization, infrastructure, and defense industries.
Latvian delegation members 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 Latvija Association; Flora; Freeport of Riga Authority; LVR Flote; Green Technology Cluster; Ignitis Renewables Latvia; IT Cluster Latvia; Laflora Enerģija; Latvenergo; Latvian Chamber of Commerce and Industry; LMT; MilTech Latvia; Rettenmeier Baltic Timber; Riga Technical University; Latvian University of Life Sciences and Technologies; Schwenk Latvia; Tet; Tilde; Vizulo Solutions, as well as many other companies and organizations representing biotechnology, sustainable energy, IT and fintech, logistics, construction, and defense industries.
The trade mission is organized by the Ministry of Economics and LIAA in cooperation with the State Chancellery and the Embassy of the Republic of Latvia to the Federal Republic of Germany.
The trade mission is implemented with the support of the European Regional Development Fund.
About the Investment and Development Agency of Latvia (LIAA):
LIAA promotes the competitiveness of Latvian companies, export growth, and investment attraction, as well as develops the tourism sector and implements national branding policies. The agency acts as a state partner in business development – from ideas to international markets. With a wide network of foreign representations and regional business centers in Latvia, LIAA helps companies grow and positions Latvia as a safe, innovative, and open country in the global economy.