A Latvia-based inventor and maker of games for kids (and adults) of all ages has won a prestigious international prize in Germany.
Russian businessman Igor Makarov, the owner of international group Areti (formerly Itera), is interested in buying shares belonging to Itera Latvija in Latvijas Gaze and Conexus Baltis Grid natural gas companies, said Itera Latvija board chairman Juris Savickis.
The Latvian capital Riga attracted the bulk of foreign investments in Latvia in the 2011-2015 period.
SIA Merks, the Latvian part of Estonia's large AS Merko Ehitus construction group, has signed a 36 million euro contract to complete the 'Z-Towers', a pair of structures at 30 Ranķa Dambis, Riga that look like enormous salt and pepper shakers.
The Foreign Investors Council in Latvia (FICIL), the country's leading organization for foreign-owned businesses, on May 26 urged the government to be more decisive in its reform drive and to provide a predictable environment for future investment.
The Riga City Council's committee on security, public order and corruption prevention on May 22 upheld the suggestion to ban gambling halls in the city's historical center, with the exception of four- and five-star hotels, the Riga City Council said.
The 4Finance payday loan company, set up in 2008 by four Latvian students, was taken over in late 2009 by associates of so-called oligarch Andris Šķēle and well-known businessman Māris Martinsons. They were able to escape paying taxes on cash loans almost completely by using companies in Malta and Belize, according to document copies obtained by the EIC.network of investigative journalists.
Latvia has signed an agreement with the United Arab Emirates (UAE) that could in future allow the export of halal-certified food and with it, access to the Arabic and Islamic food markets.