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.
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.
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.
No sooner has the startup-themed Digital Freedom Festival finished than Latvia is preparing to play host to another major Information Technology event, named 'DevTernity'.
This year's Digital Freedom Festival proved to be particularly productive for a few local startups with DigiPulse and CENOS triumphing in the contest organised by global accelerator 500 Startups while Estonian startup Let's Enhance was victorious in the competition organised by Dutch accelerator Rockstart, the festival organizers said November 29.
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 %.
Approximately 10 million euros is needed for reconstruction of Āgenskalns Market in Riga, Riga Mayor Nils Ušakovs told reporters November 27
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.
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.
Latvia has recovered 1.2 million euros incurred in international arbitration proceedings over a dispute involving the state and the Winergy wind power company.
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.
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.
Latvian startup event TechChill has announced details of a pitching competition that will land the winner a 10,000 euro prize.
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.
Entrepreneurs from across Europe are being invited to register to participate in a major business-pitching competition taking place later this month in Latvia.
Latvian Prime Minister Maris Kučinskis was in Delhi, India November 3 promoting Latvian food at the major ''World Food India'' trade fair.
Latvia has dropped five positions on the Doing Business index this year, taking 19th place among 190 countries covered by the World Bank's annual survey.
Rolands Lusvers has left the management board of Sadales Tikls distribution system operator after a scandal erupted over green energy licenses.
A major trade fair focusing on economic relations between Latvia and the United States takes place in Chicago this week.
A swish new website has been unveiled to showcase some of the best in Latvia's business offerings to the rest of the world.
Latvian energy concern Latvenergo has been named the most valuable company in the country for the tenth time.
Estonian gambling company Olympic Entertainment Group (OEG) has filed a court action regarding the decisions of Riga City Council to ban most gambling activities in central Riga, the company said in a market announcement October 18.
Latvian state-owned development finance institution Altum said October 11 it had successfully issued the first "green bond'' of its kind in central and eastern Europe.
Latvia's iconic drinks brand, Latvijas Balzams, was granted more than 4 million euros' worth of tax rebate by the cabinet of ministers October 10.
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.