The Latvian Institute of International Affairs organized the Latvian Eksporta un inovcijas balva, or the Export and Innovation prize ceremony, for the 16th consecutive year. This event honors Latvian businesspeople for their efforts in creating cutting-edge and competitive products.
This year, there were a record number of participants—133 businesses in six categories—making the competition as intense as ever. The Silk Plaster team was extremely honored to be one of these inspirational nominees as only 52 teams were chosen to advance to the finals.
The Latvian Minister of Economy had the following to say about the contenders this year:
All of the recipients of this year's Export and Innovation Award, as well as all of our innovative and exporting businesses, can be characterized by their tenacity, growth, and perseverance. Despite the strict export regulations in our trading partners' nations, these businesses have helped our economy improve its performance, as evidenced by the fact that GDP increased by 5.2% over the course of the first three quarters of this year, and exports of goods and services increased at an even faster annual rate of 6.4%. This indicates once more the excellent level of competitiveness, adaptability, and flexibility of our exporters to shifting conditions.
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