Today, December 12, the Council of the Latvian Chamber of Commerce and Industry (LCCI) met with President Edgars Rinkēvičs to discuss several issues important to business, economic development, and national security. During the talks, both current challenges and necessary actions that could strengthen the business environment and national competitiveness were highlighted, with a view to Latvia’s long-term development planning.

The parties discussed strengthening the economies and security of the eastern border countries, with a particular focus on the sustainability and management of strategically important infrastructure. The impact of the dismantling of railway tracks to Russia and Belarus on the economy was discussed, and support for the complete closure of borders and the cessation of trade with both countries was reiterated.

During the meeting, the LCCI also emphasized the importance of exports for the country’s growth. The issue of the importance of stable fiscal policy in the context of budget sustainability and the progress of EU multiannual budget planning negotiations was raised. There was also a call to ensure that tax changes are introduced with a transition period of at least six months in order to reduce uncertainty and risks in the business environment. The need for targeted government action in the development of Latgale was also discussed, emphasizing the specific needs of the region. Problems with the availability of labor and housing, and delays in decision-making, which are hindering development. It was also emphasized that the coordination of transport, services, and infrastructure in Riga and Pieriga is insufficient and that a unified, coordinated policy is needed.

During the meeting, the need to increase the pace of reducing bureaucratic burdens and integrating private higher education institutions into the state higher education system was also discussed, ensuring uniform quality and competition principles. Business representatives also drew attention to the issue of competitive neutrality and state participation in commercial activities.

The LCCI appreciates the opportunity to clearly express the views of entrepreneurs in direct dialogue with the President of Latvia in order to jointly move towards the goal of a strong, export-oriented, and sustainably competitive Latvian economy.