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.
Data released by the Central Statistical Bureau (CSB) December 4 show that, compared to October 2016, in October 2017 industrial production output increased by 5.4 % (according to calendar adjusted data at constant prices).
Latvian airline airBaltic has wasted no time in reminding the world it flies to several destinations in Russia ahead of next year's soccer World Cup.
The Latvian central bank (Latvijas banka, LB) on December 1 revealed the faces of a new collector coin in its rapidly growing portfolio of numismatic offerings.
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.
Latvia's accelerating economy recorded another first November 30 with news that quarterly GDP had exceeded 7 billion euros for the first time ever, totalling 7.095 billion euros.
Wages are likely to rise at an increasing rate in Latvia next year, Swedbank said November 29 in a commentary on the issue.
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 %.
New data from the Organization for Economic Cooperation and Development (OECD), of which Latvia is a member, draws attention to large variations in unemployment in the country according to region and says more should be done to provide affordable housing in its latest economic outlook.
Approximately 10 million euros is needed for reconstruction of Āgenskalns Market in Riga, Riga Mayor Nils Ušakovs told reporters November 27
Since October 1 when the Latvian State Revenue Service announced a waiver of late payment interest and penalties on tax debts as a one-off measure to stimulate legal business, altogether 6,629 tax debtors have submitted applications to pay the principal tax debt and have their penalties waived.
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.
The Latvian tax system is the most attractive among the three Baltic states and ranks 13th by the Total Tax and Contribution Rate (TTCR) among 190 world countries covered by the latest Paying Taxes report produced by PricewaterhouseCoopers (PwC) auditors and the World Bank Group.
An instant payment system, RT1, run by EBA Clearing, a company established by European banks, went live 21 November 2017, with two Latvian banks involved, the Latvian central bank (LB) said in a statement.
The impressive post-crisis rebound in Latvia's tourist industry shows no sign of slackening with figures for the third quarter of the year showing double-digit growth continues.