Business
Merchants welcome entry of Spar shop network
This summer, a new player will join in the Latvian retail network – the Netherlands store network “Spar”. Latvian traders' association says that the customer will be the winner as Spar will diversify the range of goods available, Latvian Radio reported on June 8. 
Latvian tourism industry still hopeful for good season
Although the number of tourists this season will not come close to the level before the pandemic, workers in the sector are looking forward to the future. The biggest challenges include lack of staff and restoration of group tourism, Latvian Radio reported June 7.
Visit a local producer this weekend in Latvia
On Saturday, June 4, the traditional “Open Doors Days in the Countryside” event will take place, when everyone can visit farmers and entrepreneurs in the countryside, see what they do and test their products.
Kool to buy rival Gotika Auto gas stations
The Competition Council (KP) has given the green light to a gas station acquisition by fuel trader SIA "Kool Latvija", which will take a majority holding in another gas station chain, SIA "Gotika Auto".
Latvian stores to revise shelf contents, says expert
In the second half of the summer and fall, the contents of shelves at grocery stores will change significantly as manufacturers and traders get rid of products people do not buy due to inflation, said Inguna Gulbe, head of agro resources and economy institute (AREI), on Latvian Television May 26.
Latvia's Digital Mind buys Lithuanian Alna Business group
Digital Mind AS, a Latvian business process digitalization specialist for large and mid-sized organizations in Baltic states, announced May 23 that it has acquired a 100% stake in Alna Business UAB, Alna Business Solutions UAB, and its subsidiary in Poland Alna Business Solutions Sp. z o.o (referred to as Alna Business group), a leading Enterprise Resource Planning (ERP) solution provider in Lithuania and Poland that specializes in Microsoft Dynamics and SAP software solutions and services.  
Empty shop spaces on streets of Rīga
In Rīga, the demand for retail premises is small and commercial spaces are long empty. Real estate experts addressed by Latvian Radio on May 23 explained this situation with the pandemic immediately followed by the war, increasing instability.
Virši buys into Skulte LNG terminal project
Latvian domestic fuel trader and local energy company AS Virši-A (Virši) announced May 20 it has signed an agreement with AS Skulte LNG Terminal to acquire 20% of its shares to jointly develop a liquefied natural gas (LNG) terminal at the port of Skulte. 
Call for government support for Daugavpils industrial plant
The Ukrainian Infrastructure Ministry and the owners of Azovstal steel plant have appealed to the Latvian government to support Daugavpils Lokomotivju Remonta Rupnica (Daugavpils Locomotive Repair Plant, DLRR), the LETA newswire reported May 17, citing representatives of DLRR.
5G technology takes several steps forward in Latvia
The information and communication technology (ICT) service provider “Bite” and the Swedish telecommunications equipment manufacturer “Ericsson” have entered into a transaction regarding the deployment of 5G technology in Latvia. The Cooperation Agreement was signed on Tuesday, May 17, in Stockholm, said Bite representatives.
Restaurants worried about potential lack of tourists in Latvia
The summer terrace season at restaurants is in full swing – or at least it should be. However, caterers worry that the geopolitical situation will reduce the number of tourists this summer and they will stay emptier than intended, Latvian Radio reported May 17.
Estonian startup wins big at TechChill
One of the largest start-up and technology events in the Baltic States, TechChill 2022, has come to an end with a notable success for Estonian company Vocal Image App. 
Stalemate at the steelworks in Liepāja
Last spring, an investor from Turkey bought one of the largest assets ​​of the former Liepājas metalurgs plant for several million euros – an electric steel smelting furnace, in which scrap metal can be melted. 
Companies in Latvia rush to conceal affiliations with Russia
A number of companies registered in Latvia have rushed to get rid of the shadow of Russia over the last two months, replacing the officials and owners associated with it, reports the De Facto broadcast of Latvian Television aired April 24.
Foreign tourists cancel bookings in Latvia due to war in Ukraine
If the beginning of the year has seemed very hopeful for the Latvian hotel industry, the Russian war in Ukraine has changed it. Many foreign tourists cancel their bookings at Latvian hotels, the executive director of the Latvian Hotel and Restaurant Association Santa Graikste told Latvian Radio on April 22.
Local tourism will get more pricey this year
This summer, Latvian travellers have to take into account the need to plan their time and the prices for services will become a little more expensive, said the president of the association “Rural Traveller” on Latvian Radio April 12.
Latvia-Netherlands wind energy business forum to take place
The Investment and Development Agency of Latvia (LIAA), in cooperation with the Embassy of the Netherlands and the Latvian Wind Energy Association on April 12 at 13:00 invites everyone to the Latvian and Netherlands wind energy business forum, which will take place in-person at the hotel Radisson Blu Latvia, Alpha Hall.
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