UrBC, Yekaterinburg, December 8, 2010. The delegation of Latvian officials suggested that Yekaterinburg businesspeople invest in the republic’s economy.
A delegation from Riga headed by the city’s mayor Nil Ushakov arrived in Yekaterinburg recently. The Latvian officials coordinated a business seminar for the representatives of the Urals’ business community.
‘Building up on economic cooperation with the Russian provinces is an important part of our work. We are greatly interested in the Ural Region; we support the local food manufacturers and are willing to deliver our foods here. We also see Riga as a tourist place,’ Ushakov said.
According to the mayor, the number of Latvian visas issued to Russian citizens went up by 83% in November 2010 compared with a year earlier.
Latvian Chamber of Commerce and Industry (LCCI) Board Chairwoman Žaneta Jaunzeme – Grende says the Ural entrepreneurs are welcome to implement their business projects in Europe.
‘We invite the local businessmen to start doing business in Europe. We can provide the necessary training and certificates, and we are interested in improving our political ties with the Urals,’ she points out.
Ms Jaunzeme – Grende reports that Riga Fairs will be organized in Novgorod and Sverdlovsk Region in the course of one year to present the produce of Riga’s businessmen to the Ural customers.
The Latvian delegates also suggested that the Ural businesspeople invest in Latvia’s capital. They added that new emigration legislation came into effect on July 1, 2010 that makes it easier to get a residence permit in Latvia. To get the permit, you have to invest 20,000 lats in the country’s capital or act as a financial investor, that is, direct at least 200,000 lats for a period of at least five years in Latvian economy.
1 lat comes to about 1 euro.