Financial Services, Good for Business, Investments, Latvia, Markets and Companies, USA

Keynote speakers Daniels Pavluts, Minister of Economics of the Republic of Latvia, Mark Pekala, US Ambassador to Latvia, and Ivars Slokenbergs, AmCham President, delivered remarks on the occasion.

Highlights of the 20^th Anniversary Dinner included:

• The launch of the AmCham Anniversary video
• The photo presentation from the history of AmCham
• Awarding certificates of appreciation to the founding board members
• Charity raffle to support RMHC Latvija and SOS Childrens’ Villages Latvia
• Birthday cake cutting by the past and present board members
• Live music from the Jelgava Big Band

Daniels Pavluts and Ivars Slokenbergs. Press photo.

Minister Pavluts said: “I believe sincerely that American people, businesses and government are trusted friends of Latvia and that our relationship is based on the solid foundation of transatlantic partnership and friendship.”

He went on to say: “This is the partnership within which I see the role of AmCham as a leading organized business body in Latvia. Your 20 years have also been our 20 years.”  

“You have been successful in fostering friendship between Latvia, Europe and America for already 20 years. And – as you know – for a friendship 20 years is a solid period. I wish us the best of success that we can share – as good friends,” the Minister said.

US Ambassador Mark Pekala said: “AmCham Latvia is an example of almost a perfect win-win phenomenon. Everything that AmCham works on – to make progress in the business environment, to make progress in supporting entrepreneurship and to make progress in increasing US-Latvian trade – is a win for everyone. It is a win for the United States and jobs and for Latvia and jobs and it’s a win for young people who are looking for productive careers, jobs and future.”

He added: “I think of AmCham as the organization that is helping all of us – Americans, Latvians, Europeans more generally – in specific and broad ways together.”

According to the Ambassador, “AmCham is a leading proponent of our aims in Latvia, on the US-Latvia trade relationship, creating a business friendly environment and a more transparent environment where American businesses can operate on a more level playing field. In all these areas AmCham has made great progress in the last 20 years.”

AmCham President Ivars Slokenbergs said: „AmCham Latvia is a classic American association, with its founders coming together and organizing, with a view to exchange ideas and experiences, to make contacts and find camaraderie, and to work together in promoting a specific goal, the promotion of US-Latvian economic ties.”

He went on to say: „While we remain primarily a group of American enterprises, or other nations’ enterprises sympathetic to the US, with a goal to promote commercial ties between the US and Latvia, at the same time, we care deeply for Latvia, and have made the improvement of Latvia, in particular promoting a transparent business and investment climate, and the raising of Latvia’s global competitiveness, as one of the principal goals of the organization.

Awarding of former board members. Press photo.

We hold a deep affinity for the welfare of these two great countries, the United States of America and the Republic of Latvia, and we, the Chamber, are the bridge for promoting ever-closer ties between the two,” AmCham President said.

AmCham extends sincere thanks to the sponsors who helped make the evening possible: Amway, Rietumu Banka, Coca-Cola HBC Latvia and Nordea Bank. Thank you to our supporters Baltic Technology Group, Prike Latvija and Radisson Blu Daugava Hotel.

In addition, over LVL 1500 were raised in the charity raffle held during the course of the evening in benefit of RMHC Latvija’s Care Mobile and SOS Children’s Villages Latvia. As a result many children in Latvia will be able to receive free healthcare and family-based support.

Vija Tirzmale, RMHC Latvija said: “We are truly grateful to our friend AmCham for the great support we have been receiving from them ever since our establishment in 2007. For the proceeds raised during the Gala Dinner RMHC Latvija will be able to cover one and a half days of medical services of the Care Mobile and serve over 50 children.”

Ilze Paleja, National Director of SOS Childrens’ Villages Latvia said: „SOS Childrens’ Villages in Latvia would like to say a Big Thank you to the American Chamber of Commerce and it’s members for the support given through the charity raffle during the 20^th anniversary celebration evening on March 2^nd. Every single donation, whether financial or in-kind, is very valuable support to our villages in Valmiera and Īslīce, where our SOS moms are taking care of their children. It also allows our children to participate in various free time activities, develop and integrate into the society. We also thank you for the given opportunity to present our brand new video on our organization.”

The charity raffle was supported by airBaltic, Amway, Coca-Cola Hellenic Latvia, Diatom Art, Dome Hotel & Spa, Everita Romule, Grand Palace Hotel, Hotel Bergs, Microsoft Latvija, Riga Plaza, Senas Pasaules Mebeles, Skrivanek Baltic and the Taipei Mission.

AmCham Latvia was one of the first Western chambers established in the Baltic region. Since its establishment in 1993 by 27 US investors, it has grown into a professional business organization, representing more than 130 leading international and local companies in Latvia.

AmCham is committed to strengthening trade and investment relations and nurturing partnerships and friendship between the US and Latvia, and serving as a hub of networking and thought leadership for its members and partners as well as for the local and international business community in Latvia. In addition, AmCham is committed to building a better business and investment climate in Latvia. The goals and actions of the Chamber are grounded in its core values of integrity, responsibility, cooperation and excellence.

In the past twenty years, AmCham has delivered qualitative programs through which members and partners were able to gain information, education and knowledge. It has:

- Successfully informed and guide lined policymakers in the US and Latvian governments on issues important to the business community through its strategic partnership with other business organizations such as Foreign Investors Council in Latvia (FICIL) and the network of AmChams in Europe.

- Actively promoted Latvia as an investment destination through organizing and participating in several US Investment and Trade Missions to the Baltics and Latvia together with its partners in the government, and sent delegations to the US and around Europe to increase awareness about investment opportunities in Latvia.

- Welcomed former US Presidents George W. Bush and Bill Clinton to Latvia.

- Held over 170 business luncheons, featuring high-level guest speakers from both government and business. Current and former Presidents Andris Berzins, Valdis Zatlers, Vaira Vike-Freiberga and Guntis Ulmanis have addressed the Chamber, in addition to leading US government officials such as former US Secretary of Labor, US Ambassador to the EU, US Governors and Senators.  

- Held about 40 seminars, including 12 high-level seminars in Outlook series exploring the main economic, legal and social issues of the day.

- In its endeavors to improve the business and investment climate in Latvia, encouraged business ethics and transparency by undertaking joint efforts with other business organizations and held 10 Movie nights together with the US Embassy and Stockholm School of Economics in Riga.

- Held over 110 Business After Hours networking events and numerous social events including 8 annual Chili Cook-Offs.

- Held 4 Annual Student Business Plan Competitions supporting the development of young entrepreneurs in Latvia.

In the days ahead, AmCham will continue to serve its members as a vibrant forum to exchange views, network and connect. Its refreshed logo and enhanced website reflect a more interactive communication with all its stakeholders – members, media and the public at large. AmCham looks forward to continuing towards a more prosperous and competitive Latvia open to high value investments and trading relationships.

AmCham 20th Anniversary video is available here.