Latvia is ready to develop closer economic cooperation with Germany - Silina

RIGA - Latvia is ready to develop closer economic cooperation with Germany, especially the North German region, Latvian Prime Minister Evika Silina (New Unity) said at the German Business Forum in Rostock on Friday.

"Our goal is to achieve concrete results for the people of Latvia and Germany - to create new investments, expand high value-added exports and strengthen business networks. Latvia is a reliable partner offering a stable energy environment, a competitive tax system, digital services and a dynamic military industry," the prime minister said.

She underlined that Latvia is a country with high return on investment, digital and modern solutions, a competitive tax system and an accessible green corridor for large projects. "At the same time, the real estate market has also become more active this year, with Riga overtaking Tallinn in the new housing segment," said Silina.

As reported" after the forum, the prime minister held a bilateral meeting with the head of the government of the state of Mecklenburg-Vorpommern, Manuela Schwesig. In their talks, the two officials welcomed the cooperation to date.

Schwesig was particularly positive about the agreement reached with Rheinmetall on the development of an ammunition production plant in Latvia. Silina, for her part, stressed that both this week's agreement with Rheinmetall and the deal with German airline Lufthansa signed at the beginning of the year confirm that Latvia is a safe and promising place for investment.

During the meeting, it was agreed that Latvia will become a partner country and co-host the NORD International Digital Conference 2026 with the State of Mecklenburg-Vorpommern.

During the meeting, Silina also highlighted the wider availability of German language learning in Latvian schools, which will be strengthened in close cooperation with the German Embassy. The prime minister noted that this is an important contribution to further cooperation not only in the economy, but also in science and other areas.

The officials also discussed assistance to Ukraine, especially to the Chernihiv region, where Latvia is providing support not only financially and in the military field, but also by helping women, children and soldiers overcome the traumas of war.

More than 170 representatives from more than 100 Latvian companies and institutions took part in the Forum - the largest Latvian business delegation abroad to date.