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.
Business
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.
Currently 15 Belarusian companies have moved to Latvia, creating several hundred new jobs and attracting investments of nearly 10 million, the Latvian Investment and Development Agency (LIAA) said May 26. Lithuania has managed to attract nearly three times as many companies.
The Latvian Start-up Association "Startin.LV" and the Ministry of Economics is organizing an online webinar designed to attract new businesses to the country.
Latvian-founded company Printful said May 24 a new investment by a US investor had made it Latvia's first $1 billion or so-called "unicorn" start-up company.
Longensis, a startup based in Latvia and Hong Kong, has taken home the main prize at the annual TechChill business event – 10,000 euros, with no strings attached.
Because of restrictions on retailing, with large shopping centers still closed, the culture of fairs and markets is booming. Can street trading be a successful business or is it just a way of treading water during the Covid-19 era? Latvian Radio spoke to vendors and economists May 20.
The popular TechChill startup and business event got under way May 20 for a tenth time.
Sustainability open innovation accelerator Future Hub is marking the end of its first program with a special online Demo Day on May 19 to which everyone is invited.
On May 12, several well-known figures from the Baltics will answer what it is claimed is a "momentous question – should robots be fought, or are we better off exploiting them for our benefit?"
Before outdoor terraces of catering establishments have even been opened, tables have been booked in advance, Santa Graikste, executive director of the Association of Hotels and Restaurants told Latvian Radio May 7.
Data of business tendency surveys published April 30 by Central Statistical Bureau (CSB) show that in April 2021 business confidence indicators have risen above zero in retail trade and manufacturing, as well as have improved in services sector and construction.
The pandemic has hit the cultural and entertainment sector hard, just as it has hit most other sectors. Therefore, new ways are being sought to allow tourists and others to spend time safely in these conditions at historic buildings. Representatives of several Latvian castles and manors are reorienting their cultural and entertainment offers by taking them outdoors. However, other cultural and historical sites have been forced closed to their doors to visitors.
The sustainability and innovation pop-up conference Future Forum will be taking place on May 11.
Latvian Television reported April 30 on new developments regarding the future ownership of the former Liepājas metalurgs steelworks in Liepāja, which has already been the subject of numerous legal wrangles and controversies.
The Latvian Investment and Development Agency (LIAA) has published what it calls a “Relocation Guide to Latvia”, which features all the basics of moving to Latvia and everyday living for businesses and individuals alike.
Virši (AS Virši-A), a fuel and energy trader in Latvia, announced plans April 28 to raise capital via an initial public offering (IPO) and listing its shares on the Nasdaq Baltic First North market in the second half of 2021.
This popular TechChill startup and business event returns for a tenth time later this month and organizers have now announced the names of some participants and the running order.
This year, Latvia will hold national finals of the Entrepreneurship World Cup for the first time, Latvian Radio reported April 27.
Catering industry representatives call on decision-makers to allow dining on outdoor terraces, since many sit outside on benches anyway, Latvian Television reported April 20.
A few more details were released April 13 of Latvia's planned participation in the postponed Dubai EXPO event.
The Covid-19 pandemic has not only an impact on business and economy but also reshaped cyberspace. The increased use of digital technologies has become the “new normal“ in many organisations. This has created security blindspots for malicious actors that have set their sights also on the Baltics.
Retailers based in one if Rīga main shopping malls have acted quickly to stay open to the public despite the latest restrictions on whoch types of store can open in large-scale shopping centers.
As of Wednesday, specialized shops and small retail sites can reopen their doors to visitors, but tight restrictions hit malls. Frustrated representatives of shopping malls have already reached out to the Rīga City Council to arrange that shops can go outside and sell their products, Latvian Television reported April 6.
After the easter holidays, from April 7, most smaller retail stores will be able to resume in-person trading, but large shopping malls will still have restrictions in place and only certain stores will be able to work in them, the government agreed on Thursday, April 1.
Latvia's largest milling company, JSC “Dobeles dzirnavnieks” said March 31 it had signed an agreement on the acquisition of the Lithuanian grain processing company “AB Baltic Mill”.
Estonian energy group Utilitas says in April it is starting construction work on a wind park at Tārgale in Ventspils region, ten years after permission for the site was originally granted.
A manufacturer of state-of-the art automotive components used by companies including Tesla, Rimac and General Motors is relocating its production from Russia to Latvia, it said in a press release March 25.