Polish Information and Foreign Investment Agency : Latvia, a part of your success

'We want to promote Polish companies on the Latvian market, as well as joint Polish - Latvian investments in the third countries', said the president of PAIiIZ Tomasz Pisula during the Poland - Latvia Business Forum. The event was held on 26 January in Warsaw at the occasion of the visit to Poland of the Prime Minister of the Republic of Latvia Mr. Maris Kučinskis.

For Latvia, Poland remains the fifth direction of exports, and the third - after Germany and Lithuania - source of imports of goods and services. To intensify the cooperation between both countries, the Prime Minister of Latvia Māris Kučinskis has paid one-day visit to Warsaw. He is accompanied by Latvian entrepreneurs and local administration. 'Poland and Latvia have already established economic cooperation. Now we must to extend it with new sectors', said Prime Minister Kučinskis during the opening ceremony of the Forum. 'Modern economy is not possible without a developed ICT, which is recognised as our country's priority sector', Prime Minister added.

As Deputy Prime Minister Mateusz Morawiecki stated in the letter addressed to the participants of the forum, Latvia is one of the fastest economically developing countries in the EU and the important trade partner of Poland. There are already 61 Latvian companies operating in our country.

'Latvia, thanks to its location in the centre of the Baltic region, a highly developed transport and logistic network as well as the proximity to many markets is an ideal centre for international business and trade', emphasised Inese Sulzanoka from the Investment and Development Agency of Latvia in Poland. 'Many international companies open their office in Latvia. Among the assets there is low income tax (15%), tax breaks for large investments, EU funds and four special economic zones', said Sulzanoka.

The official part of the Forum was followed by sectoral presentations and B2B talks between Polish and Latvian entrepreneurs. (PAIiIZ)