From September 23 to 27, as part of the LEF Network Azerbaijan project, the third trade mission to Baku took place. The trip brought together 15 companies from Latvia, Estonia, and Finland, representing various technology industries, with a focus on export development in Azerbaijan, jointly representing the Central Baltic region.
Azerbaijan – A Dynamic Market in the Caucasus
Azerbaijan is one of the most developed countries in the Caucasus, offering increasingly broader opportunities for Central Baltic companies. The Latvian Chamber of Commerce and Industry, as the project's lead partner and Latvia as the lead country, actively supports not only Latvian but also Finnish and Estonian companies. This approach strengthens business cooperation and promotes economic growth by increasing exports. The economies of all three countries are closely linked and mutually influence one another.
Strong Cooperation with the Azerbaijani Business Environment
We are proud of the strong partnership established in Azerbaijan with public and private business support organizations, as well as the embassies of all three countries. Among the most important partners are the Caspian Energy Club, the Embassy of Latvia in Azerbaijan, and the Embassy of Estonia. The mission included meetings with leading sector companies such as the Baku Stock Exchange, the Azerbaijan Cybersecurity Association, and the German-Azerbaijani Chamber of Commerce and Industry.
B2B Sessions and Forum
During the mission, two B2B sessions were organized, giving companies the opportunity to meet with Azerbaijani entrepreneurs, as well as the Central Baltic-Azerbaijan B2B Forum. At the forum, each country's technological achievements were presented, and the Latvian Chamber of Commerce and Industry showcased Latvia's competitiveness in IT, FinTech, EdTech, and Biomedicine, emphasizing Latvia's potential and innovations.
Success Stories of Latvian Companies
Several industry leaders representing Latvia participated in the mission, actively working on export development:
Tilde – A language technology innovator, presenting its artificial intelligence and machine translation solutions that help improve communication at an international level.
UC Warehouse – A company offering logistics and IT solutions, ensuring more efficient goods circulation between the Baltic and Caucasus countries.
SIA "Sertifikācijas un testēšanas centrs" – A leading expert in quality management and testing, helping companies ensure compliance with international standards.
Reneta SIA – A company specializing in engineering solutions, offering innovative services in various industries.
AS Kurzemes Atslēga – A Latvian metalworking and lock manufacturing company, introducing the Azerbaijani market to high-quality products.
Individual Meetings and Future Cooperation
At the end of the week, several individual meetings were held with local companies, helping to strengthen business relationships and explore opportunities for future cooperation. This trade mission is an important step in strengthening business relations between the Central Baltic countries and Azerbaijan, as well as in developing new cooperation projects.
*** Project is co-financed by Interreg Central Baltic programme.