RIGA - On September 22, Latvian President Edgars Rinkevics participated in the ‘Spotlight Latvia 2023’ conference in Boston, LETA learned from president's aide Martins Dregeris.
Rinkevics underscored at the conference that Latvia provides a well-developed infrastructure and a well-educated workforce. "We have a favorable trading environment and a competitive tax system. Doing business in Latvia provides access to the European Union single market. Latvia is currently working on a number of large-scale projects, including our commitment within the Three Seas Initiative, which will create faster, greener, more digital-oriented and cost-effective connection to the entire European continent," he said.
Rail Baltica, for example, is intended to connect the Baltic countries to the European network via high-speed rail infrastructure. The Via Baltica transport corridor serves as a key link in our region. Latvia is working with its Baltic neighbors and Poland to introduce a comprehensive 5G corridor along these routes. This synergy between transport and digital connectivity demonstrates the Baltic region's ambition for an integrated and technologically advanced future.
"Digital infrastructure in Latvia is a good example for others. We are fifth in the European Union in terms of high-capacity network coverage. We have many examples of successful, technologically advanced companies operating in the US," underlined Rinkevics in his speech.
The president also emphasized Latvia's excellence in the biomedical sector and achievements in digital development. Rinkevics thanked the Latvian-US Chamber of Commerce and Industry and the Latvian institutions involved in organizing the high-level event.
The conference brought together Latvian and US investors, entrepreneurs, as well as representatives of universities and research centers, with the aim of strengthening the attraction of US investment to Latvia. This year, ‘Spotlight Latvia’ focused on biotechnology, biomedicine and pharmaceuticals, as well as educational excellence.