On 14 January 2020, the European Policy Research Institute (EPRI) of the Latvian Academy of Sciences (LAS) and the Productivity Research Institute "University of Latvia think tank LV PEAK" (UL think tank LV PEAK) of the Faculty of Business, Management and Economics (FBME) of the University of Latvia (UL) signed a Declaration on Cooperation in the field of analysis of Latvia's productivity and competitiveness.

The Declaration on Cooperation was signed during the meeting of the Presidium of the LAS. On behalf of the LAS, the declaration was signed by LAS President, Ojārs Spārītis and Acting Director of EPRI, Zane Zeibote, but on behalf of the UL by Prof. Gundars Bērziņš, Dean of FBME, and Prof. Inna Šteinbuka, Acting Director of UL think tank LV PEAK.

The signing of the declaration laid the foundations for further cooperation to promote productivity, competitiveness and analysis-based economic policy-making, as well as to link the academic and scientific environment in the field of productivity and competitiveness analysis. It is necessary that Latvia's planned measures and reforms, promoting productivity and competitiveness, be comprehensively discussed and based on a balanced independent analysis.

The Declaration on Cooperation enters into force upon signing and includes a regular exchange of information on planned activities and current events on productivity and in the field of competitiveness analysis, joint organistion of an annual conference, as well as the participation of LAS EPRI in policy formulation and development of productivity reports and recommendations.

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