At the recent Munich Security Conference, Latvian Prime Minister Evika Siliņa emphasized Latvia's commitment not only to enhance its military capabilities but also to invest in the European military industry. This statement was made during her meetings with key industry figures, including Michal Strnad, the owner and CEO of the industrial and technology holding 'Czechoslovak Group'. Her comments indicate the importance Latvia places on international defense collaboration and investment as part of its broader security strategy.

This year's conference marks a significant point for Latvia in its dealings with the German arms manufacturer 'Rheinmetall'. During the previous year's conference, Siliņa had her first meeting with Rheinmetall's leadership, which led to an agreement on establishing a military ammunition factory in Latvia. The follow-up discussions in Munich reinforce Latvia’s ongoing commitment to enhance its defense manufacturing capabilities in partnership with established European providers.

The agreement to increase military industry investments aligns with Latvia’s broader goals of strengthening defense cooperation within Europe, particularly in light of current geopolitical tensions. Strengthening the local military industry not only addresses Latvia’s defense needs but also contributes to the collective security framework within NATO. Such initiatives can further solidify Latvia's role in regional security and establish it as a key player in European defense manufacturing.