Outstanding Contribution to the Investment Climate in Latvia

Foreign Investors Council in Latvia: "This award is proudly presented to Māris Vainovskis in recognition of your dedication to our organisation, professionalism, and unwavering commitment that have significantly impacted our mission. We are truly grateful for your efforts and passion to improve the investment climate in Latvia."

Māris truly is our thought leadership champion and we are proud and thankful for his expertise, dedication, and continuous efforts in shaping a better business environment in Latvia. His leadership and commitment to fostering constructive dialogue between investors and policymakers are truly inspiring.

Since its establishment in 1999, FICIL has been a driving force in improving Latvia’s business environment. It fosters active dialogue with the government and advocates for policies that enhance the investment climate through transparency and efficiency.

We are proud to be part of FICIL, with our long-standing commitment and active involvement of our team throughout the years. Our senior partners Maris Vainovskis, head of the InvestmentProtectionWork Group, and Ilze Kramina, head of theConstructionWork Group, and their teams have significantly contributed their expertise in such important FICIL initiatives as:

• Establishing the Economic Affairs Court to enhance efficiency and transparency in business-related disputes,
• Thoroughly assessing and improving the construction and real estate regulations,
• Leading amendments to insolvency laws and driving arbitration court reform,
• Modernizing Latvia’s commercial, civil, and administrative procedure laws,
• Promoting the reduction of bureaucracy to optimize government spending, and other crucial initiatives for improving Latvia's competitiveness.

Congratulations, Māris, on this well-deserved recognition!