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Riga Is Ready to Welcome Participants and Guests of the EBRD Annual Meeting

17 May 2000

This week Riga will welcome the participants and guests of the Annual Meeting of the Board of Governors of the European Bank for Reconstruction and Development (EBRD). A little more than two years ago, on 16 January 1998, following the EBRD Executive Directors’ recommendation, majority of the Bank’s Board of Governors (97.48%) approved the Resolution stipulating the organisation of the ninth Annual Meeting of the Board of Governors in Riga, the capital of Latvia. In London, in June 1998, Roberts Zîle, the then Minister of Finance of Latvia, and Antonio Maria Costa, the EBRD Secretary General, signed the Memorandum of Understanding on the organisation of the Meeting in Riga. After that, the preparations for the Meeting were commenced. In April 1998, the Ministry of Finance launched a tender for the right to organise the EBRD Meeting, and the PR Unit of the Latvian Privatisation Agency (LPA) was announced the successful bidder. In August 1998, SIA Birojs 2000, the Meeting’s Co-ordination Centre was established (hereinafter – Birojs), recruiting the employees of the LPA PR Unit, who had developed the tender proposal. A month before that – in July – the Supervisory Committee for the Meeting’s organisation was established to supervise the organisation processes and make strategic decisions. Roberts Zîle, Minister for Special Assignment for Co-operation with International Financial Agencies is the Chairman of the Supervisory Committee, which comprises the State Secretaries of the ministries involved in the organisation of the Meeting, as well as representatives of other institutions engaged, e.g., Riga City Council, international airport Riga and State Tourism Development Agency.

Seeking subcontractors for refurbishing the Meeting’s venues and for rendering services necessary for the EBRD Meeting, Birojs has launched 23 tenders and performed approximately 300 price surveys within nearly two years. While preparing for the Meeting, Birojs developed a special sponsorship and marketing programme, enabling to attract entrepreneurs’ support for the organisation of the Meeting, thus saving state budget funds.

The Meeting in Riga is also notable for the fact that for the first time other EBRD member countries help to cover the expenses related to the organisation of the EBRD Meeting. Owing to the support of Denmark, Norway, Finland and Sweden, the Nordic-EBRD Fund for Riga Meeting was established, and each of the four countries contributed EUR 100 000 for the organisation of the ERAB Meeting in Riga. The major local sponsor is the Volkswagen centrs Riga, who sponsors 90 cars and 30 minibuses for the EBRD Meeting.

To provide appropriate premises for the Meeting, considerable investment was made in the reconstruction of several buildings. Reconstruction, renovation and restoration work was performed in six buildings: Riga Latvian Society House, University of Latvia, Riga Congress Centre, Arsenâls Art Museum, Small Guildhall, and the front steps of the State Museum of Art were reconstructed. Overall, about 3.6 million lats were allocated within the State Investment Programme for the refurbishing of the buildings. Also Riga municipality has made investments in several of the above buildings; of those, about 2.5 million lats were invested in Riga Congress Centre.

“I am really happy for the fact that a year and a half ago, when thinking about the Meeting’s venues, we declined the idea of temporary structures, and decided on investment in unique buildings of Riga’s historical heritage instead. The EBRD Governors and guests will leave in a week. However, the restored hall in the Small Guildhall and Arsenâls Art Museum premises, and the Congress Centre extension will remain here,” said Roberts Zîle, Chairman of the Supervisory Committee for the Organisation of the Meeting and Minister for Special Assignment for Co-operation with International Financial Agencies. “Investment in the restoration of the buildings is not directly related to the Meeting; however, in a way it can be said that the EBRD has facilitated the refurbishing of some unique buildings in Riga.”

Roberts Zîle, Chairman of the Supervisory Committee for the Organisation of the EBRD Meeting expressed his belief that Latvia will be able to demonstrate its readiness to organise international events of such scale and scope as the EBRD Board of Governors' Meeting. Approximately 2500 participants and guests of the Meeting will visit this country, including Governors of the 60 EBRD Member Countries and prominent officials from the European Investment Bank and the European Commission.

Contact person:
Vija Kasakovska, Project Manager, SIA Birojs 2000
Tel. + 371 7043619 or 9488681

SIA Birojs 2000, the Co-ordination Centre of the EBRD Meeting in Riga would like to acknowledge the support for the Meeting by the following companies: Nordic Fund (Denmark, Finland, Norway, Sweden) for EBRD Annual Meeting in Riga, Volkswagen centrs Riga, Lattelekom, Unibank of Latvia, Vilniaus Bankas, Eesti ?hispank, airBaltic, SAS, Parex Bank, Microsoft Latvia, Latvijas Mobilais Telefons, the Bank of Latvia, Culture Capital Foundation, LB Kiel, Nordic Investment Bank, Ericsson Latvia, Latvijas Dzelzceďđ, More Group Baltic & Russia, Latvian Shipping Company, Rigas Fenikss, Latvija Statoil, Kolonna, Baltic Fund 1 L.P., women’s wear TEV, Radio SWH, LNT.