The Latvian Eksporta un inovcijas balva, or the Export and Innovation prize ceremony, was held for the 16th consecutive year by the Latvian Institute of International Affairs. This celebration recognizes Latvian entrepreneurs for their work in developing innovative products that are competitive.
The competition was fiercer than ever this year thanks to a record-breaking 133 businesses competing in six categories. Only 52 teams were selected to move on to the finals, so the Silk Plaster team was incredibly honored to be one of these inspirational nominees.
The following is what the Latvian Minister of Economy had to say about the candidates this year:
Tenacity, growth, and perseverance can be used to describe all of the recipients of this year's Export and Innovation Award as well as all of our innovative and exporting firms. These companies have helped our economy perform better despite the strict export controls in the countries of our trading partners, as shown 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 demonstrates once more the outstanding level of adaptability, flexibility, and competitiveness of our exporters to changing conditions.
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