Business
New rules planned at Inčukalns gas storage facility
The Public Utilities Commission of Latvia (PUC) on November 26 announced a consultation on the amendments to the Regulations on the Use of the giant Inčukalns Underground Gas Storage Facility.
5G Techritory runs November 22-25
November 22 sees the start of the annual 5G Techritory event, which is recent years has become an important meeting place to plot the future uses of 5G technology in the Baltics and beyond.
5G frequencies to be auctioned December 16
On 16 December 2021, the Public Utilities Commission of Latvia (PUC) will organise an auction for mobile operators regarding the deployment of the 5G network in the 700 MHz band, the PUC has announced.
New head of Latvenergo elected
On November 16, the Supervisory Board of the Latvian energy concern Latvenergo AS elected a new Chairman of the Management Board and members of the Management Board with a five-year term, Latvenergo said in a release. 
Builders plead 'force majeure' to government over unvaccinated workers
Builders are demanding that the situation in the building sector be officially recognized as a case of force majeure, as the extraordinary conditions of the pandemic are making it very hard to fulfil building contracts signed before the full extent of the pandemic became known.
CrossChem joins Baltic First North bond market
Nasdaq announced November 10 that bonds issued by CrossChem SIA, a Latvian producer and distributor of sustainable chemical products and special equipment that helps reduce environmental impact, have been admitted to trading on the Nasdaq Baltic First North Market with immediate effect.
Over 450 caterers closed doors in Latvia this year
Uncertainty about the future during Covid-19 and state aid mechanisms is the main reason why caterers surveyed by Latvian Radio November 9 are closing their doors. This year, 453 catering companies stopped working in Latvia.
Virtually visit Latvia's Dubai Expo pavilion
As previously reported by LSM, Latvia's presence at the Dubai Expo event is based around peat. It also employs the slogan "Fertile earth for innovation" as part of a paradoxical "Connecting the unconnectable" theme.
Two-thirds of Latvian businesses have a website
Results of the Central Statistical Bureau annual survey on the use of information and communication technologies (ICT) and e-commerce in enterprises show that 68 % of enterprises had their own website at the start of 2021.
New chairman for AmCham
The Board of Directors of AmCham (the American chamber of commerce in Latvia) have elected John Martin Tully, CEO of MikroTik as the new Chairman of the Board and President of the influential business organization. He replaces Zinta Jansons.
Vaccination requirement might lead to small stores closing
As from November 15, only those retail employees who will have a Covid-19 certificate of vaccination or recovery will be able to continue work. This could cause issues in rural areas where grocery stores are relatively far apart, as some shops could be closed due to lack of workers, Latvian Radio reported October 27.
Baltic miller companies plan major merger
Latvian grain producer JSC Dobeles dzirnavnieks signed a contract for the purchase of 100% capital shares of the Lithuanian AB “Baltic Mill”. The deal still needs to be accepted by the competition supervisors, the company said October 22.
Virši fuel company names date for IPO
The Latvian Financial and Capital Market Commission (FKTK) has approved the fuel and alternative energy trader Virši's (AS Virši-A and related group companies) prospectus for an initial public offering (IPO) that will take place from 25 October to 5 November of this year.
EU green deal to pose challenges for Latvian entrepreneurs
The European Union aims to reduce greenhouse gas emissions by at least 55% over the next nine years, compared to 1990 levels. Changes to climate, energy, transport and taxation policies are therefore expected, and challenges await Latvian entrepreneurs and politicians, Latvian Radio reported October 18.
Lidl stores open across Latvia
Supermarket chain Lidl launched its operations in Latvia on Thursday, October 7, 2021, with simultaneous openings at 15 stores across the country.
Retailer Lidl to open 15 stores in Latvia on October 7
The leading European retailer Lidl announced October 3 the launch of its operations in Latvia will take place on Thursday, October 7, 2021, with simultaneous openings of 15 stores across the country.
Mixed outlook for Latvian business in September
In September business environment worsened in retail trade and services sector, but remained stable in industry and construction according to data from the business tendency surveys carried out by the Central Statistical Bureau (CSB)..
Baltic Sustainability Awards in the pipeline
A new set of business awards have been announced, to celebrate the Baltic front-runners in sustainability innovation and highlight the increasing role of innovation in sustainability.
Applications open for Latvian-American Innovation Award
September 23 sees the start of applications for the fourth annual Latvian-American Innovation Award to promote entrepreneurship, research-driven innovation, and closer economic ties between Latvia and the United States.

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