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Wednesday, 05.02.2025, 07:41
Pavluts urges German businessmen to invest in Latvia
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| German delegation in Valdmiera, 8.07.2013. Photo: president.lv |
Latvia and Germany should develop closer cooperation in such areas as mechanical engineering and metalworking, transport and logistics, IT, wood processing, food industry and tourism, said Pavluts.
The minister informed the German businessmen about Latvia's economic development trends, advantages offered by Latvian business environment, and investment opportunities in Latvia. They were also acquainted with the basic principles of Latvia's national industrial policy and the country's long-term energy strategy.
Pavluts also accompanied Latvian and German presidents during their visit to Valmiera, where they toured Valmieras stikla skiedra (Valmiera Fiberglass) – one of the largest Latvian producers and exporters, and visited Valmiera Primary School.
The delegation of German businessmen included representatives from companies already represented in Latvia as well as businessmen looking for new cooperation opportunities in Latvia.
According to the Economy Ministry, Latvian-German trade amounted to LVL 1.52 billion in 2012, which is 5.8 percent more than in 2011.
As reported, German President Joachim Gauck and First Lady Daniela Schadt arrived on a two-day state visit to Latvia on Sunday, July 7.
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