Monday, 15May 2017 - 10.00am to 11.00am
An insightful webinar on how companies can connect with our market experts to explore opportunities for their products and services in the Baltic states of Lithuania, Estonia and Latvia.
What’s covered in the webinar?
• An overview of each market and its potential
• Why you should consider doing business in this region
• Support available to assist you on your exporting journey
• Overview of Rail Baltica - Rail Baltica project is a construction of a new European gauge line from Tallinn to the Polish border. It’s 5bn EUR project with European Union support of up to 85%. Currently it is in a design and planning phase.
• Q&A with speakers
Each of the regions key sectors of opportunity:
Lithuania has an affinity to Scotland, seeing it as similar size country that keeps and is proud of its nationality and traditions.
- Largest and the most diversified economy of the three Baltic States and continues to grow reaching 2.3% GDP increase in 2016 and forecast continuous growth of 2.6% in 2017.
- High tech country with well developed IT infrastructure - upload broadband speed in the EU and top 5 globally.
- Key sectors: defence and security, food and drink
Estonia is a country that has liberal economic policy, an investment friendly taxation system, transparent and functioning legislation.
- GDP growth was 1,6% in 2016 and projected that GDP will expand 2.3% in 2017.
- General business environment, one of the most tech savvy country.
- Most entrepreneurial country in Europe by WEF
- Key sectors: infrastructure, transport, defence and security, construction, food and drink
Latvia’s economy is stable after the crisis and has grown by 1.6% in 2016
- 2016 was the first year in history after regained independence in 1991 when Latvia’s exports exceeded imports. Companies working in B2B sector are doing well but those who rely on domestic market only experience certain slowdown.
- Scotland has very good relationships with Latvian businesses in fishery industry (raw fish from Scotland) and food & drink sector (W. Grant & Sons has honorary ambassador in Latvia), Whisky Festival takes place again in May in Riga. British Chamber of Commerce in Latvia every year organizes one of the most adored events Burns night taking place each January.
- Key sectors: education, defence and security
• Richard Higginson – Scottish Development International
• Rolands Kumpin – Department for International Trade
• Ieva Binkauskaite – Department for International Trade
• Tanel Korvel – Department for International Trade
Please contact the event organisers for further information