Translated using ChatGPT service.
From September 23 to 26, Minister of Economics Viktors Valainis, together with 180 representatives of Latvian companies and organizations, will visit Hamburg and Mecklenburg–Western Pomerania to participate in the largest Latvian business mission to date. On September 25, Prime Minister Evika Siliņa will join the trade mission to take part in the business forum and meet with top officials of Mecklenburg–Western Pomerania.
This trade mission brings together more than 100 Latvian companies from various industries — ranging from biotechnology and sustainable energy to financial technology, information technology, and the defense sector.
Germany is the third-largest economy in the world and one of the leading countries in innovation and industry. It is Latvia’s second most important foreign trade partner, with a total trade volume of €4.98 billion in 2024. Germany is also Latvia’s third-largest export market, second-largest import partner, and a key destination for Latvian service exports. In the first half of 2025, goods exports to Germany increased by 4%, reaching €641.7 million, while service exports rose by 6%, totaling €355 million.
Minister of Economics Viktors Valainis stated: “This is the largest Latvian business trade mission ever and also the biggest business delegation ever received by the cities of Hamburg and Rostock. It demonstrates our strategic goal to build stronger economic ties with Germany. The purpose of the visit is to increase Latvia’s exports to Germany by 10% and to initiate at least four new investment projects. Through meetings with political leaders, companies, ports, and universities in Hamburg and Rostock, we will create cooperation platforms that open new opportunities for Latvian businesses.”
The trade mission will feature thematic programs across seven sectors — defense, construction, logistics, biotechnology, smart energy, financial technology, and information technology.
In Hamburg, Riga Technical University and HafenCity University will sign a memorandum of cooperation to strengthen joint research and the development of sustainable urban solutions. Minister of Economics Viktors Valainis will meet with Hamburg’s Finance Senator Andreas Dressel to discuss public sector support models for fintech companies and the development of digital services — areas in which Latvian companies can offer solutions to Germany. Special attention will be devoted to green energy projects in meetings with Hamburg’s Deputy Mayor Katharina Fegebank and leading local energy companies. Major Latvian public–private partnership projects, including Rail Baltica and the Riga Airport development, will also be presented in Hamburg. Minister Valainis will additionally meet with Hamburg’s Senator for Economy and Innovation, Dr. Melanie Leonhard, to discuss Latvia–Hamburg economic cooperation and the progress of the Maritime Technologies and Digital Innovation Memorandum signed in June. The memorandum brings together key partners such as LMT, the Freeport of Riga Authority, SIA “Elektroniskie sakari,” and LVR Flote from Latvia, as well as the Hamburg Port Authority and the Hamburg Port Fleet from Germany.
In Rostock, the Latvia–Germany Business Day will gather more than 250 participants focusing on the development of energy, digitalization, infrastructure, and the defense industry. The event will be opened by Latvian Prime Minister Evika Siliņa and Mecklenburg–Western Pomerania’s Minister-President Manuela Schwesig. Panel discussions will feature Minister of Economics Viktors Valainis, Mecklenburg–Western Pomerania’s Minister of Economic Affairs Wolfgang Blank, and business leaders from Latvia and Germany. The program will include visits to Nordex Energy — one of Europe’s leading wind turbine manufacturing facilities based in Rostock — and H2APEX, a company developing green hydrogen production and infrastructure. The delegation will also visit EEW Special Pipe Construction, a manufacturer of offshore wind park foundation structures that has shown interest in exploring development opportunities in Latvia.
Director of the Investment and Development Agency of Latvia (LIAA) Ieva Jāgere noted: “Latvia has long-standing economic ties with Germany, particularly with Northern Germany. In terms of volume, Germany is the largest manufacturing nation in Europe, with industrial production accounting for 20% of GDP, compared to the EU average of 15% and Latvia’s 13%. This creates wide-ranging opportunities for cooperation and integration into value chains with German companies. This trade mission, involving more than 100 companies, demonstrates that Latvian businesses are ambitious and eager to strengthen their presence in global markets.”
Latvian companies and organizations participating in the delegation
ALL-TECH; AM Enerģija; Abillio; AdvanGrid; AppXite; Baltic Photonics; Bdetect; Biosan; Bonusukarte.lv; C2; CIS Liepāja; CMB Mājokļu Fabrika; Cellbox Labs; Citrus Solutions; Cēsis Municipality; Datakom; Debitum Investments; Double Helix Technologies; Ecengo; Edge Autonomy; Engycell; Fintech Latvia Association; Flora; Freeport of Riga Authority; 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; Schwenk Latvia; Tet; Tilde; Vizulo Solutions; and many other companies and organizations representing biotechnology, sustainable energy, information and financial technologies, logistics, construction, and the defense industry.