Translated using ChatGPT service.
On June 16 of this year, the Ministry of Economics signed a mutual agreement on cooperation in the development of the defence industry with the Latvian military and dual-use technology company MilTech Ltd.
The aim of the cooperation is to strengthen Latvia’s technological capacity in the field of military and dual-use technologies, attract investment, improve the business environment, and create new high value-added jobs in the regions of Latvia. The agreement also foresees closer synergy between the defence sector, innovation, and economic development.
The Ministry of Economics emphasizes that the development of the defence industry is currently one of the key directions for increasing economic productivity. The Ministry is actively working to promote the growth of the sector in order to build a sustainable and competitive technological ecosystem in Latvia.
