First batch of next TechChill hopefuls named
Next year startup extravaganza TechChill will host the Fifty Founders Battle, a startup pitch competition showcasing the most promising and inspiring startups from the Baltics, Nordics and beyond.
Black Balzams heads Stateside
The Latvian alcoholic beverage producer Latvijas Balzams is planning to expand its exports of Rigas Melnais Balzams to the United States, the LETA newswire reported December 6.
Sycamore fund interested in Latvian gas stake

International investment fund Sycamore is ready to purchase shares in the Latvijas Gaze natural gas utility for several hundreds of millions of euros, said Indrek Rahumaa, Estonian businessman, Sycamore fund manager and one of Latvia’s Lauma International textile company owners, in an interview with Latvian daily Diena December 5.

Business climate improvements need to continue, say foreign investors

The last five years have seen improvements in Latvia's business culture, particularly with regard to rules governing insolvency administrators, but there is still plenty to do to make the country more attractive to foreign investors, the leading representative body of foreign investors said December 5.

Invitation to discuss U.S. - Latvia trade links

On 11 December at 14.00, the Ministry of Foreign Affairs and the Investment and Development Agency of Latvia (LIAA) are holding a discussion on economic relations between Latvia and the United States of America and priorities for 2018.

Construction costs on steady trend

Data released November 29 by the Central Statistical Bureau (CSB) show that, compared to September, in October 2017 the level of construction costs in Latvia rose by 0.3 %.

Digital Freedom Festival starts in Rīga

The Digital Freedom Festival, which has quicklt become one of the hottest tickets among the start-up crowd, gets underway in Latvian capital Rīga November 27.

Positive outlook for SMEs in Latvia

The outlook for small and medium-sized enterprises (SMEs) in Latvia is favorable, the European Commission's Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs said in its annual report on European SMEs presented at the SME Assembly in Tallinn.

Social entrepreneurship support scheme launched

State-backed finance institution Altum has launched a new program to support social entrepreneurship which will make 12 million euros available until 2022, Altum board chairman Reinis Berzins told the press November 8.

Telia 'considering its options' after merger nixed

Telia, the nordic telecommunications company that is a major shareholder in Latvian telecoms companies Latvijas Mobilais Telefons (LMT) and Lattelecom said November 7 it was considering its options after the Latvian government ditched a plan to merge the two companies.

Banker Belokons wins his day in English court

Latvian banker and businessman Valerijs Belokons walked away from an English courthouse not only having won his case against a former business associate but some 35 million euros to the good, British media reported November 7.

Telecoms merger doubtful as coalition party signals lack of support

The chances of two of Latvia's major telecoms firms merging diminished markedly November 6 with the National Alliance, one of the three parties in the ruling coalition government, declaring it does not back the proposed merger of Latvijas Mobilais Telefons (LMT) and Lattelecom.

PM puts Latvian food on Indian menu

Latvian Prime Minister Maris Kučinskis was in Delhi, India November 3 promoting Latvian food at the major ''World Food India'' trade fair.

Spotlight on Latvia-U.S. trade

A major trade fair focusing on economic relations between Latvia and the United States takes place in Chicago this week.

Telia ready to give up control of merged telecom says minister

The Swedish telecommunications group Telia, the private shareholder in the Latvian telecommunication companies Lattelecom and Latvijas Mobilais Telefons (LMT), has notified the Latvian Economics Ministry that it would agree to the Latvian state obtaining a controlling stake in any new company created as a result of a merger between Lattelecom and LMT, Economics Minister Arvils Aseradens (Unity) told TV3 commercial television October 9.