From 14 to 17 September, a delegation of Latvian businesses will visit Berlin on a trade mission organised by the Investment and Development Agency of Latvia (LIAA), where they will meet German companies, investors, innovation centres and research organisations. Minister of Economics Viktors Valainis will join the business delegation’s programme on 16 and 17 September. The visit will focus on information and communication technologies, financial technologies, life sciences, as well as defence and dual-use technologies. The aim of the visit is to strengthen economic cooperation between Latvia and Germany, foster new business contacts and expand opportunities for Latvian companies in the German market.
Germany is Latvia’s second-largest foreign trade partner. Latvia’s trade in goods and services with Germany reached €5.5 billion in 2025, while Latvian exports amounted to €2.09 billion, increasing by 7% year-on-year. The positive trend has continued this year. In the first half of 2026, Latvian goods exports to Germany increased by 10% to €709.6 million. Germany is also Latvia’s largest market for services exports: in 2025, services exports reached €779 million, while in the first quarter of 2026 they increased by a further 23%.
“Over the past few years, we have worked purposefully to open up broader opportunities for Latvian companies in the German market, and this work is already delivering concrete results. Latvian companies are increasingly strengthening their presence in Germany — Olpha and several other Latvian companies have established subsidiaries in Germany, while the German market accounts for approximately 30% of demand for Latvian investment platforms. At the same time, German company SCHWENK is planning an investment project worth more than €500 million in Latvia to develop climate-neutral cement production in Brocēni. Our ambition must now be even greater — to integrate Latvian companies into European industrial supply chains, develop joint products and technologies, and attract new investment. There is a strong foundation for this: in the first half of 2026, Latvian goods exports to Germany increased by 10%, while services exports grew by 23% in the first quarter. We must use this growth to strengthen the position of Latvian companies in high value-added industries,” said Minister of Economics Viktors Valainis.
Programme Tailored to the Development Goals of Latvian Companies
Separate programmes have been developed for companies operating in information technology, defence and dual-use technologies, financial technology and life sciences. These will include meetings with potential clients, cooperation partners and investors. The visit will also feature visits to German companies, innovation centres and research institutions.
Information technology companies will participate in the Big Bang AI Festival and the sixth German-Baltic Digital Summit, as well as visit technology companies, including the Tesla factory in Berlin-Brandenburg and technology company HEIDELBERG. Defence and dual-use technology companies will discuss cooperation opportunities in unmanned and counter-drone technologies, robotics and defence supply chains. They will also visit the Marienpark Berlin resilience technology centre and German defence technology company Andres Industries AG.
Representatives of the financial technology sector will meet members of Berlin’s local FinTech ecosystem to discuss European Union rules for crypto-asset service providers under MiCA, access to the German market and investment opportunities. Berlin is one of Europe’s leading FinTech hubs, offering Latvian companies opportunities to establish new contacts with investors, banks and technology partners.
Life sciences representatives will have the opportunity to visit Campus Berlin-Buch, a major life sciences hub in Berlin, and BIOTRONIK SE & Co. KG, one of the leading medical technology companies.
German businesses will also have an opportunity to learn about the opportunities offered by Latvian companies, with particular attention paid to the development of data centres in Latvia — an area with significant growth and investment potential.
As part of the visit, a memorandum of understanding is planned to be signed between LIAA, the German-Baltic Chamber of Commerce in Estonia, Latvia and Lithuania (AHK Baltikum), and the German Chamber of Commerce and Industry (DIHK). The agreement will enable Latvian businesses to obtain information about market opportunities in third countries where LIAA does not have representative offices under conditions equivalent to those available to German companies.
“The German market is large, technologically advanced and supported by an extensive international business network. It is therefore important for Latvian companies not only to find partners in Germany, but also to use the opportunities offered by this network in other markets. The planned trilateral memorandum of understanding between LIAA, the German-Baltic Chamber of Commerce and the German Chamber of Commerce and Industry will give Latvian companies access to information and contacts regarding business opportunities in third countries where Latvia does not have its own representation. This will broaden the export opportunities of Latvian companies and expand their network of international partners,” said LIAA Director Ieva Jāgere.
