On October 24, a meeting took place at the Ministry of Economics between Minister of Economics Viktors Valainis and Latvia’s Ambassador to Germany, Alda Vanaga. During the meeting, they discussed the outcomes of the visits to Germany (Hamburg and Rostock) held from September 23–26 this year, as well as future cooperation opportunities and work plans for the coming year.
During the discussion, Minister Viktors Valainis emphasized the significance of Latvia’s cooperation with Germany and its added value, particularly in the context of attracting investments.
“Not only is what has been achieved so far important, but also maintaining and continuing the direction. Latvia has great potential for attracting investments, and our task is to turn that potential into tangible results,” stressed Viktors Valainis.
The meeting also covered recent discussions with German officials — this month, Valainis met with the Minister-President of Saxony-Anhalt, R. Haseloff, and the German Bundestag’s Tourism delegation. It was concluded that Latvia is interested in cooperating not only with Mecklenburg-Vorpommern and Hamburg but also with other federal states.
As one of the most notable recent examples of cooperation, the Minister highlighted the memorandum with Germany’s leading defense industry company, Rheinmetall AG, regarding the construction of an artillery ammunition production facility in Latvia. The memorandum was signed on September 25 in Hamburg.
At the conclusion of the meeting, Minister Viktors Valainis and Ambassador Alda Vanaga agreed on the need to strengthen economic ties between the two countries and promote closer collaboration among businesses, especially in the fields of innovation, manufacturing, and sustainability. Both parties agreed on regular communication and joint work to support the dynamic development of Latvia–Germany economic relations.