The Swedish telecommunications group Tele2 has chosen Nokia as a partner for the development of the 5G core network in the Baltic States and Sweden, according to statements by the two companies January 11.
Business
The long-renowned Dzintars (Amber) cosmetics brand is changing its name in an effort to change its fortunes, reports LSM's Latvian-language service.
Data of business tendency surveys published January 8 by the Central Statistical Bureau (CSB) show that in December 2020 business confidence indicators dropped in all sectors.
The restrictions imposed by the pandemic have led to an e-commerce breakthrough, Latvian Radio reported December 27.
Linda Mūrniece, owner of the Hotel Roma in Old Rīga which was forced to close its doors due to the pandemic, spoke to Latvian Radio December 22 about the experience.
The major Rīga shopping mall “Akropole” said around 60 of its 170 stores will remain open during the three-week 'quiet period' announced by the government in an attempt to reduce contact between individuals and stem the spread of COVID-19.
The sustainability hackathon 'Hack for the Future' took place online from December 11 to 13, as previously reported by LSM.
The Consumer Rights Protection Bureau (PTAC) said December 10 it was imposing a fine of 20,000 euros on mobile operator Tele2 for unfair commercial practices.
The European Investment Bank (EIB) has published a new edition of its annual EIB Group Survey on Investment and Investment Finance (EIBIS) of European businesses.
A total of 2400 applications have been received for state aid - downtime benefits and subsidies - and the State Revenue Service (VID) is going to start paying them December 4, said Ieva Jaunzeme, VID Director, on Latvian Radio.
Data of business tendency surveys published November 30 by the Central Statistical Bureau (CSB) show that in November 2020, business confidence indicator has experienced a significant drop in retail trade and services sector.
Around 60% of the public admit that the spread of COVID-19 has significantly changed their shopping habits, forcing them to review both their store format choice and shopping frequency, as well as what products they purchase, according to the latest Maxima Retail Compass survey.
The Mayor of Rīga, Mārtiņš Staķis, and foreign investors in Latvia recently took part in a discussion about corporate governance in the Latvian capital and hopes to "reshape Rīga into an orderly, open, green and people-friendly metropolis of Northern Europe", and now the discussion is available to view online for those interested in the subject.
Latvian energy concern Latvenergo has been named the most valuable company in the country for the thirteenth time in a row, LETA reported November 25.
Latvia's financial regulator, the Financial and Capital Market Commission (FKTK) has registered a new alternative investment fund manager named EMPO Ventures AIFP.
An app has been created in Latvia that helps pet owners to contact a veterinarian, Latvian Radio reported November 21.
E-commerce is booming with the COVID-19 pandemic in Latvia, and cultural life has also moved online, Latvian Radio reported November 22.
Latvian University (LU) Researcher Edgars Butanovs together with Latvian and Swedish colleagues is working with gallium oxide, which is currently one of the most studied materials in the world, Latvian Television reported November 15.
Research conducted by retailer Maxima suggests that around two-thirds of shoppers think of choosing local products in order to support local producers -- but that the number who actually do so is considerably lower.
Latvian scientists are developing antibacterial transparent coatings for screens that could help fight COVID-19 and other viruses in the future, Latvian Television reported November 13.
The business center that hosts the headquarters of Citadele bank has changed hands with the help of a 27 million euro loan from rival bank SEB.
Latvia's financial regulator, the Financial and Capital Market Commission (FKTK) is inviting interested persons to register for an international online seminar "FinTech Baltic H2020", which will take place on November 19 and 20.
The third annual '5G Techritory' Baltic Sea Region 5G ecosystem forum starts today, including more than 120 speakers who will offer their insight across more than 60 keynote speeches and panel discussions.
Several Latvian higher education establishments have joined forces to develop resilience and security of computer-based systems, Latvian Television reported November 9.
The Latvian Red Cross received more than five tons, or 12,000 dog and cat meals, for pets belonging to people on low-incomes, courtesy of supermarket chain Maxima, the company said in a press release.
Andris Šutka, a scientist at Rīga Technical University (RTU), is developing a compound to use as antibacterial coating for surfaces, Latvian Television reported November 1.
Results of the Central Statistical Bureau (CSB) annual survey on the use of information and communication technologies (ICT) in enterprises, published October 28, show that 99.9 % of Latvian enterprises used the Internet at the beginning of 2020.
An agreement between EfTEN Real Estate Fund 4 and Lords LB Baltic Fund III has been signed where EfTEN will acquire Bergi Logistics Center (LC) in Riga.
Financial technology company Sun Finance has reported a record-breaking year for 2019, recording turnover of EUR 101.5 million, an increase of almost three times compared with 2018 results, according to audited financial results. The group's net profit last year was EUR 7.1 million.
On Friday, October 23, the new Caljan plant opens in Liepāja, constructed on the former site of Liepājas metalurgs steelworks, Latvian Radio reported.