BAKU, Azerbaijan, September 22. Latvian
Minister of Economics Viktors Valainis will lead a business
delegation of 180 Latvian entrepreneurs and organizational
representatives to Hamburg and Mecklenburg–Western Pomerania from
September 23 through 26, Trend reports.
On September 25, Prime Minister Evika Siliņa will join the
mission to attend a business forum and meet with top officials from
Mecklenburg–Western Pomerania.
The mission brings together more than 100 Latvian companies
across biotechnology, sustainable energy, financial and information
technologies, logistics, construction, and defense industries.
Meanwhile, this will be Latvia’s largest trade mission to
date.
Germany, the world’s third-largest economy, is Latvia’s second
most important trading partner. Bilateral trade reached 4.98
billion euros in 2024, with Germany ranking as Latvia’s
third-largest export market, second-largest import partner, and
leading destination for service exports. In the first half of 2025,
Latvian goods exports to Germany grew by 4 percent to 641.7 million
euros, while service exports rose by 6 percent to 355 million
euros.
Minister Valainis called the delegation “a historic step” in
strengthening Latvia’s economic ties with Germany. “This is
Latvia’s largest-ever business mission, and the largest delegation
ever received by Hamburg and Rostock.
Our goal is to increase exports to Germany by 10% and initiate
at least four new investment projects. Meetings with city leaders,
companies, ports, and universities will create platforms for
cooperation that open new opportunities for Latvian business,” he
said.
The trade program will include seven thematic tracks: defense,
construction, logistics, biotechnology, smart energy, financial
technologies, and information technologies.
In Hamburg, Riga Technical University and HafenCity University
will sign a cooperation memorandum focused on research and
sustainable urban development. Minister Valainis will meet with
Hamburg’s Finance Senator Andreas Dressel to discuss public-sector
support models for fintech and digital services, where Latvian
firms see strong potential. Special attention will also be given to
green energy, with meetings scheduled with Vice Mayor Katharina
Fegebank and leading energy companies.
Latvia will also present major public–private partnership
projects, including Rail Baltica and the Riga Airport
development.
In addition, Valainis will meet Hamburg’s Senator for Economics
and Innovation, Dr. Melanie Leonhard, to advance the Marine
Technology and Digital Innovation Memorandum signed in June between
Latvian and Hamburg partners such as LMT, Riga Freeport,
Elektroniskie Sakari, and LVR Flote on the Latvian side, and the
Hamburg Port Authority and port fleet from Germany.
In Rostock, the Latvia–Germany Business Day will bring together
more than 250 participants to discuss energy, digitalization,
infrastructure, and defense industry development. The event will be
opened by Prime Minister Siliņa alongside Mecklenburg–Western
Pomerania’s Minister-President Manuela Schwesig. Panel discussions
will feature Minister Valainis, Mecklenburg’s Economics Minister
Wolfgang Blank, and business leaders from both countries.
The program will also include visits to Nordex Energy’s wind
turbine production plant, hydrogen developer H2APEX, and EEW
Special Pipe Construction, which manufactures offshore wind park
foundations and has shown interest in development opportunities in
Latvia.
“Germany, especially Northern Germany, has historically been one
of Latvia’s closest economic partners. This mission of more than
100 companies proves that Latvian businesses have the ambition and
determination to be more broadly represented in global markets,”
Latvian Investment and Development Agency Director Ieva Jāgere
emphasized the scale of the initiative.
