Latvia can offer Germany various digital solutions in the areas of port management digital technology, construction, and other fields. "We see interest in cooperation at both the strategic and practical levels. The German side is interested in opportunities to invest in Latvia and use our services, such as various digital solutions in finance, port management, and other areas," emphasizes Ieva Jāgere, Director of the Investment and Development Agency of Latvia, commenting on the trade mission currently taking place in Germany, which began on September 24 and will continue until September 26.
In Hamburg, Latvian companies, together with representatives of the Port of Hamburg, continued work on the activities included in the Memorandum on Maritime Technology and Digital Innovation signed in June this year, which brings together the Freeport of Riga, LMT, SIA Elektroniskie sakari and LVR Floti from Latvia, as well as the Port of Hamburg Authority and the Port of Hamburg Fleet from Germany. The memorandum provides for joint work on the implementation of 5G and artificial intelligence solutions in port digitalization, cyber security and strengthening logistics resilience.
Artūrs Lindenbergs, Head of Innovation Development at LMT:
“This cooperation is a step that allows Latvian companies to showcase their technological solutions on a European scale. We are currently developing digital tools that will promote port competitiveness and sustainable development in the future. We are working on four areas of development in port management and digitization to identify applications and develop solutions that will create high added value for the entire sector."
Ports and logistics is one of the seven thematic areas in which the trade mission is organized. Separate programs are also offered to companies in the defense industry, construction, biotechnology, smart energy, financial technology, and information technology.
During the visit to Hamburg, a memorandum of cooperation was signed between Riga Technical University and HafenCity University, which focuses on sustainable urban environment and mobility solutions. Several Latvian strategic projects within the framework of public-private partnerships were also presented, with more than 20 investors from Germany participating. Investors were presented with projects such as the development of the Kundziņsala terminal in the Port of Riga, Riga East Hospital, the development of Riga Airport, and others.
In Rostock on September 25 and 26, the delegation will meet with companies from various sectors and participate in the Latvian-German Business Day, which will bring together more than 250 participants and focus on the development of the energy, digitalization, infrastructure, and defense industries.
Companies and organizations included in the Latvian delegation
ALL-TECH; AM Enerģija; Abillio; AdvanGrid; AppXite; Baltijas Fotonika; Bdetect; Biosan; Bonusukarte.lv; C2; CIS Liepāja; CMB Mājokļu Fabrika; Cellbox Labs; Citrus Solutions; Cēsu novada pašvaldība; Datakom; Debitum Investments; Double Helix Technologies; Ecengo; Edge Autonomy; Engycell; Fintech Latvija asociācija; Flora; Rīgas brīvostas pārvalde; LVR Flote Zaļo tehnoloģiju klasteris; Ignitis Renewables Latvia; IT Klasteris Latvija; Laflora Enerģija; Latvenergo; Latvian Chamber of Commerce and Industry; LMT; MilTech Latvia; Rettenmeier Baltic Timber; Riga Technical University; Latvian University of Life Sciences and Technologies Latvian University of Biotechnology Schwenk Latvia; Tet; Tilde; Vizulo Solutions, as well as a number of other companies and organizations representing biotechnology, sustainable energy, information and financial technologies, logistics, construction and the defense industry.
The trade mission is organized by the Ministry of Economics and LIAA in cooperation with the State Chancellery and the Embassy of the Republic of Latvia in the Federal Republic of Germany.
The trade mission is implemented with the support of the European Regional Development Fund.
