Anatoliy Kutsevol, Ambassador Extraordinary and Plenipotentiary of Ukraine to the Republic of Latvia, visited the Kyiv stand at the Riga Food 2025 international exhibition and the business forum of Latvian and Kyiv companies. The diplomat paid considerable attention to events aimed at developing Ukrainian-Latvian cooperation in the field of trade and business.
Effective support for Ukrainian diplomatic institutions abroad requires systematic assistance from consulting and analytical companies, in particular in terms of providing up-to-date statistics and analytics on international trade issues.
The ZED Association recently sent the results of its research for 2022–2024 to the Ministry of Foreign Affairs of Ukraine, and during the exhibition, company representatives had the opportunity to personally hand over the materials to the Ambassador.
Experts emphasize that Ukrainian and Latvian companies are losing significant funds in mutual trade due to complex logistics, leaving part of their profits to intermediaries in third countries.
We see increasing competition between our western neighbors for transit flows and financial intermediation in relation to Ukraine. The volume of this service market is estimated at several billion euros.
The more active the competition in this area, the more favorable conditions Ukraine can obtain, which will help strengthen the position of Ukrainian business in European markets.
