Business
New CEO named at Latvia's Pepi Rer
New CEO named at Latvia's Pepi Rer
Manufacturing and e-commerce company Pepi Rer has announced the appointment of Vigants Lesausks, an expert in change management, as its new Chief Executive Officer (CEO).
Two thirds of Latvian enterprises have a website
Two thirds of Latvian enterprises have a website
Nearly all commercial enterprises in Latvia use the internet in some way, and more than two-thirds have their own website. Such are the results of the Central Statistical Bureau (CSB) annual survey on the use of information and communication technologies (ICT) in enterprises.
EGG-straordinary name to appear in stock market listings
EGG-straordinary name to appear in stock market listings
Food company JSC APF Holdings sees its Initial Public Offering (IPO) of shares close on October 30, but has already laid a golden egg in the form of its official stock market code – it will be listed on the stock exchange under the stock symbol 'EGG'.
Latvia could be at Expo 2025 in Japan alongside Lithuania
Latvia could be at Expo 2025 in Japan alongside Lithuania
Latvia may participate at the Expo 2025 event in Japan in a joint pavilion with Lithuania, but hopes for a pavilion featuring all three Baltic states are undermined by the fact Estonia will not be participating, according to a Ministry of Economics report presented to government on October 24.
Liepāja's historic bathhouse might be transformed into spa center
Liepāja's historic bathhouse might be transformed into spa center
Lithuanian investors Liepojos kopos Ltd plan to build a modern spa center next to the concert venue Pūt, vējiņi, preserving and renovating the historic bathhouse. The construction project will be presented on Thursday, October 19, but some are already worried whether Liepaja will not lose historical value due to the project, Latvian Radio reports.
Gas station merger as Kool takes over Latvijas Nafta
Gas station merger as Kool takes over Latvijas Nafta
The Competition Council (Konkurences padome, KP) has allowed “Aqua Marina”, the parent company of “Kool Latvija”,  to acquire and use the right to manage more than 50 assets of SIA “East-West transit” and SIA “Naples” – mainly gas stations working under the Latvijas Nafta brand. These assets will mainly be used in fuel retail, the KP said.
Latvia to support SMEs in entering stock exchange
Latvia to support SMEs in entering stock exchange
More than 1.97 million euros will be available to small and medium-sized enterprises to prepare for participation in capital markets or securities trading on the stock exchange, the government decided on Tuesday, October 17.
airBaltic cancels plans to issue bonds
airBaltic cancels plans to issue bonds
Latvian national airline airBaltic has abandoned plans to issue bonds, as reported by the business news agency Bloomberg and newswire LETA on October 14.
Updated 'Relocation Guide to Latvia' published
Updated 'Relocation Guide to Latvia' published
The Investment and Development Agency of Latvia (LIAA) has published an updated 'Relocation Guide to Latvia' which, it is claimed, "features all the basics at a glance of moving to Latvia and everyday living." 
LTV's De Facto: Belarusian business in Latvia under security scrutiny
LTV's De Facto: Belarusian business in Latvia under security scrutiny
The State Security Service (VDD) suspects a Belarusian businessman in Latvia of breaching European Union sanctions. He entered Latvia with the support of the Investment and Development Agency of Latvia (LIAA) following Belarus opposition protests in 2020. Latvian Television's De Facto reports on October 8 that Igor Medved's shareholdings have now been arrested by the service so they can be seized in the future if necessary. 
Walnut enthusiast hopes to introduce more nuts into Latvia
Walnut enthusiast hopes to introduce more nuts into Latvia
Walnut plantations have now been growing in the Renda Parish of Kuldīga municipality next to Lake Usma for several years. Growing walnut trees has become Eduards Ostrobrods' great passion. He is determined to experiment and make walnut cultivation an important agricultural sector for Latvia. The first harvest is promised in two years, Latvian Radio reported October 6.
Five Latvian startups on show at TechChill Milano
Five Latvian startups on show at TechChill Milano
Five Latvian startups to watch will attend TechChill Milano, which will be held from September 25-27 in Milan, Italy. Participants are invited to meet the startups at the "Latvia's startup frontiers meet Italy" side-event, which is being sponsored by the Investment and Development Agency of Latvia (LIAA) at 16:00 on September 25 at Cascina Triulza in Milan, organizers said.
Home production popularity grows every year in Latvia
Home production popularity grows every year in Latvia
Despite the current price increase, inflation, or earlier events such as the Covid-19 pandemic, home production in Latvia is increasing every year according to statistics from the Food and Veterinary Service (PVD). Many of them choose to expand their home production over time. How many home producers are currently in Latvia, how are they doing and what are they making? Latvian Radio looked at these matters on September 19.
Limestone flour plant caught on fire; company uncertain about future
Limestone flour plant caught on fire; company uncertain about future
More than 30 fire rescuers, seven firetrucks, two ladders and a rescue car were involved in extinguishing a hazardous fire on Tuesday afternoon. The limestone flour plant in Saldus municipality, SIA “Sātiņi LM”, was on fire. Representatives of the company do not yet know whether it will recover after this accident, Skrunda Television reported September 6.
LTV's De Facto looks at exports jumps to Central Asia
LTV's De Facto looks at exports jumps to Central Asia
While exports of sanctioned goods to Russia are shrinking, volumes have grown rapidly to countries that continue to trade with Russia. This has raised concerns about the circumvention of sanctions. Latvian Television's broadcast De Facto attempted to look into the issue on September 3.
Latvian sock producers size up supermarkets
Latvian sock producers size up supermarkets
The supermarket network “Rimi” has narrowed procurement from Latvian sock and stocking producers to favor Chinese-produced socks. Sock producers say they might have to look for other markets, Latvian Television reported on September 3.
Businesses claim lack of state support in exiting Russian market
Businesses claim lack of state support in exiting Russian market
"Come get state aid and we will help you exit the Russian and Belarusian market" – such calls to entrepreneurs have publicly been heard from the Ministry of Economics. Entrepreneurs, on the other hand, are frustrated that the previous export refocusing aid program is already closing, but the new one has still not started, and the process of coordination is too slow, according to a Latvian Television report September 2.
Another false dawn for Liepāja's steelworks
Another false dawn for Liepāja's steelworks
The Turkish-owned company "Liepāja Steel" has decided to abandon any plans to return to making steel in Liepāja and will instead move the steel melting furnace it bought three years ago to Turkey, reported TV Kurzeme.

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