The Latvian Corporate Governance Awards 2021 took place September 10 with several companies walking away with prizes for their efforts.
Business
The State Revenue Service (VID) denies the claims made by Tokyo City that it is targeting its employees with 'unwarranted' tax debt, VID director Ieva Jaunzeme told Latvian Radio September 10.
Printify, a Latvia-founded print on demand company, announced August 9 that it has secured a further $45 million from various investors to finance its future activities.
With the requirement for a Covid-19 certificate or a negative test for beauty service providers and recipients, the industry will likely go underground, Latvian Radio reported September 9.
As of Monday, September 6, all Tokyo City chain restaurants have closed due to an 'unexpected attack by the State Revenue Service (VID)', Tokyo City's chief executive Gaļina Gaile said September 7.
The German group Kärcher plans to set up a new production facility in Latvia, the group's board member Michael Häusermann has confirmed, according to information published September 2 by the Latvian Investment and Development Agency (LIAA).
Data of business tendency surveys published August 31 by the Central Statistical Bureau (CSB) show that business confidence indicators in August 2021 have gone down in retail trade, construction, and industry, however, in the services sector business environment is slightly improving each month.
Business accelerator Future Hub has launched an open call for its second program for GreenTech startups.
In Latvia, around 10% of caterers have stopped working during the Covid-19 crisis, Jānis Jenzis, president of the Latvian Restaurant Association, said in an interview to Latvian Radio August 27.
State aid for fitness centers is no longer available since it is legally allowed for them to open. Representatives of the industry say, however, that the aid is still necessary since the customer turnover is much lower, Latvian Radio reported August 24.
The real estate company Akropolis Group, which owns three “Akropolis” shopping and entertainment centers in Vilnius and “Akropole” in Rīga, has purchased one of the largest malls in Rīga, “Alfa”. How will this deal affect the retail market in Latvia?Latvian Radio spoke to industry experts August 21 to find out.
The Financial and Capital Market Commission (FKTK) said August 16 it has told AS "Olainfarm" parties involved in a mandatory share buy-back offer that the parties' requests for the application of interim protection will be considered on 24 August 2021 within the case initiated in the Administrative Regional Court based on the applications of the applicants Agris Auce and Mārcis Judzis regarding the FCMC's decision of 14 July 2021.
The consolidated net profit of the finance technology (fintech) group TWINO, which provides lending and P2P investment brokerage services, reached EUR 7.4 million in 2020 according to the company’s audited consolidated financial statements for year 2020.
Lithuanian Akropolis Group said in a release August 9 that it is buying one of the biggest shopping malls in Rīga, Alfa.
Fuel company AS “Virši-A” published its financial report for 2020 on July 30, which show that profit at the group level in 2020 reached almost 4.2 million euros, which is 17.8% more than a year earlier.
The Latvian Startup Association Startin.LV, with the support of the Ministry of Economics and START EASY Interreg Europe, will host a live webinar focused on funding opportunities which are still up for grabs in 2021, as well as the upcoming funding programs.
Sun Finance, a fintech Group from Latvia, said July 28 it had issued more than €1 billion in total loans since its inception in early 2017.
Fuel retailer Neste opened what it claimed was Latvia’s first ever entirely self-service store July 27, entering a new retail segment into the bargain.
There are not enough customers in bars and nightclubs to keep the industry going, the Latvian Bar Association told Latvian Radio July 15.
PrintOnPack.com, a Latvian soft packaging marketplace startup, has raised 450,000 EUR, the company said July 13.
Apollo Group, Estonia's largest entertainment company, is about to acquire 51 percent of the well-known Latvian restaurant chain Lido.
Latvian-American company Printful has announced the recruitment of one of Latvia's most experienced businessmen to its board.
Uldis Tatarčuks has been appointed as the new Chief Executive Officer and Chairman of the Board of SIA Tet (formerly known as Lattelecom), the company announced July 9.
On Friday, July 2, two new plants were launched by the Dobeles Dzirnavnieks miller company, which are expected to allow the company to grow exports by at least 30% over the next two years, Latvian Television reported Friday.
The Norwegian Chamber of Commerce in Latvia (NCCL) says Norwegian investors continue to see opportunities in Latvia in the real estate, manufacturing and business service industries. Over the past two weeks three of the biggest Norwegian investors and job-creators in Latvia – Linstow Baltic, Orkla Latvija and Norwegian have announced their plans for the months and years to come.
A fire broke out early Wednesday June 23 morning in Iecava at the egg producer Balticovo's hangar. 4,500 laying hens burned in the fire, according to the State Fire and Rescue Service (VUGD).
While it is customary that at the beginning of summer owners of restaurants and bars face a labor shortage with the opening of terraces, this year has turned out to be a whole hunt for employees, Latvian Radio reported June 10.
Anastasija Oleinika has been CEO of Latvian FinTech TWINO Group since 2019. Here she gives her personal view on how the Baltic region in particular and Europe as a whole could become a global innovation hub.
Estonian company Treeland, owned by entrepreneur Ivar Vendelin, has become the holder of 51% of shares of the catering company Lido, LETA reported June 2.
Latvia's largest shopping centers have prepared applications for the Constitutional Court in regard to prohibition to work, the Real Estate Developers Alliance (NĪAA) said May 27.