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Meeting of the Baltic International Bank SE management and representatives of the UAE Embassy and LIDA

News - September 5, 2022

In order to promote cooperation between Latvia and the United Arab Emirates (UAE), as well as to discuss business activities, Valērijs Belokoņs, the Chairman of the Supervisory Board of Baltic International Bank SE, and Viktors Bolbats, the Chairman of the Management Board, had a meeting with Salem Al Shamsi, the deputy Mission Head of the UAE Embassy in Riga, as well as the representatives of the Latvian Investment and Development Agency (LIDA).

The interest of UAE entrepreneurs to cooperate with Latvia and its entrepreneurs by providing all the necessary bank services, as well as the effect of “Expo 2020” event on the Latvian economics was discussed during the meeting. The information collected by the LIDA confirms that during recent years there have been positive trends in export to UAE, and “Expo 2020” in Dubai provided opportunities to enter into agreements with countries, like Sauda Arabia, India, Pakistan, the Maldives and others to many companies.

On the Latvian National Day organised at “Expo 2020” the cooperation memorandum was signed between the LIDA and the UAE International Investors Council providing for promotion of mutual investment attraction and raising awareness of the investment environment in UAE and Latvia.

“There have been important steps on the national levels to promote cooperation of Latvia and UAE, therefore it is important to continue the started initiatives, to provide successful cooperation in various business fields, including in the banking and finance sector,” said Viktors Bolbats, the Chairman of the Board of Baltic International Bank SE, “we have agreed on the next meeting and the topics for discussion to contribute all the effort for ensuring successful dialogue resulting in growth of economic activity.”



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