The 20th FICIL and Latvian government High Council meeting

This year marks the 20th anniversary of the High Council Meetings between the Foreign Investors’ Council of Investors in Latvia (FICIL) with the Government of Latvia. The two sides have been meeting regularly since 1999, and the 20th Meeting will take place on 27th May. The High Council Meetings are a platform for top-level discussions between senior executives from FICIL member companies on one side and Ministers and high level civil servants on the other. The 20th meeting will be jointly chaired by the Prime Minister of Latvia Māris Kučinskis and Mr Stephen Oldfield, the Honorary Co-Chair of the High Council Meeting, Partner at PWC UK.

The main topics at the meeting will include sustained economical growth, rule of law and law enforcement system, workforce availability and education, as well as countering shadow economy. As this is the 20th meeting, the participants will also take a stock of the progress made over the years on the implementation of FICIL recommendations for priorities. Additionally, FICIL will introduce its research report on shadow economy in Latvia, which offers insights and recommendations from investors.

FICIL is a non-governmental organization that brings together the largest companies from various countries and sectors that have made significant investments in Latvia, as well as chambers of commerce in Latvia, representing 15 countries. The High Council Meetings are organized jointly by FICIL, the State Chancellery, the Prime Minister's office and the Investment and Development Agency of Latvia. 

For more information on foreign investment trends and the potential Latvia can offer for successful business operations, please see the infographic below. Additionally, more information on FICIL can be found here.

Download all in one PDF here