Translated using ChatGPT service.
These days, Minister of Economics Viktors Valainis is on a foreign visit to Ukraine, accompanied by nearly 50 Latvian entrepreneurs to strengthen existing economic relations or establish entirely new ones. The visit includes the Latvia-Ukraine business forum and several business meetings.
"My aim in planning the visit to Ukraine was to bring together the largest possible delegation of entrepreneurs, which I believe we have achieved by bringing the largest number of Latvian entrepreneurs to Ukraine in history," notes the Minister of Economics.
He emphasizes that a significant goal of the visit is to highlight support for Ukraine and symbolically show that Latvia is interested in not only continuing but also strengthening the economic cooperation between the two countries. During the war, a strong economy is a crucial additional driving force towards Ukraine's victory.
"We are ready to support Ukraine not only with donations but also by generally strengthening the economic development of both Ukraine and Latvia. The large delegation of entrepreneurs is proof that Latvian businesses have a genuine interest in growth and cooperation opportunities in Ukraine. Therefore, it is necessary to utilize the available state resources to help realize such opportunities to the fullest extent," says Valainis.
The visit includes a meeting of the Latvia-Ukraine Intergovernmental Commission on Economic, Industrial, Scientific, and Technical Cooperation, where discussions will focus on economic cooperation between the two countries and Latvia's support for Ukraine's reconstruction efforts. A significant part of the minister's visit is dedicated to issues related to the restoration of Ukraine's electricity supply system damaged during the war.
As known, Latvia particularly supports the Chernihiv region in Ukraine's reconstruction process, with a total allocation of 15 million euros over the next three years. Assistance worth 6 million euros (2 million euros annually) is organized by the Ministry of Economics, involving Latvian entrepreneurs.
Accompanying the Minister of Economics on the visit to Ukraine are also the State Secretary of the Ministry of Economics Edmunds Valantis and representatives from several other Latvian state institutions.
