Business
Liepāja plans to produce hydrogen-powered aircraft
Liepāja plans to produce hydrogen-powered aircraft
Liepaja Airport will in future produce and test hydrogen-powered Fokker Next Gen aircraft, employing around 800 people. The company has already reached an agreement with the Liepaja Special Economic Zone Authority. The company also plans to set up a hydrogen aircraft engineering center in Latvia, TV Kurzeme reports April 25.
Jewelry group bond issue declared a sparkling success
Jewelry group bond issue declared a sparkling success
Jewelry retail chain AS Grenardi Group ( which operates the GRENARDI and GIVEN brand stores), said April 16 it has successfully raised EUR 12 million in a public bond offering with a fixed interest rate of 10%. 
'Made in Valmiera' is made in Valmiera
'Made in Valmiera' is made in Valmiera
In order to promote the products or services of entrepreneurs, homemakers and craftsmen of their region, several parts of Latvia have created their own trademarks, which serve as a confirmation that the place of origin of the particular product is the region in question.
Liepāja plans first hydrogen production plant in Latvia
Liepāja plans first hydrogen production plant in Latvia
Hydrogen could be industrially produced in Latvia for the first time. By 2029, it is planned to build a hydrogen plant in Liepaja port, which will be able to produce approximately 150 thousand tons of hydrogen per year, Kurzeme TV reported April 9.
Aid for startups available to attract qualified workforce
Aid for startups available to attract qualified workforce
In the first half of April, applications will be opened for a support program for start-ups administered by the Latvian Investment and Development Agency (LIAA), which will provide support of up to EUR 200,000 for attracting highly qualified employees, LIAA said April 9.
Latvian companies doing business with Russia named and shamed
Latvian companies doing business with Russia named and shamed
The Baltic Center for Investigative Journalism, Re:Baltica, has published a new investigation which reveals the names of companies still doing business with aggressor state Russia more than two years after its brutal invasion of Ukraine.
'Latvian Days' in Germany next month
'Latvian Days' in Germany next month
Latvia is targeting the Hamburg port festival from May 7 to 12 to showcase what it has to offer to German investors and business partners with 'Latvian Days' events that will be part of the #MissionLatvia external marketing strategy implemented by the Latvian Investment and Development Agency (LIAA).
143 Latvian businesses continue cooperation with Russia
143 Latvian businesses continue cooperation with Russia
More than 140 Latvian companies continue cooperation with the Russian Federation, offering their products for trade in the Russian market. Compared to 2022, exports decreased by only 2%. Who are these companies and are they going to cut ties with Russia? Latvian Television attempted to find out.
Rīga shopping malls open their doors to dogs and cats
Rīga shopping malls open their doors to dogs and cats
From March 22 this year, people can visit the two large 'AKROPOLE' shopping malls in Rīga with their four-legged friends – provided said friends are dogs or cats and not, for example, alligators or wildebeest.
Investors can enjoy the life aquatic in Latvia
Investors can enjoy the life aquatic in Latvia
The Latvian Investment and Development Agency (LIAA) has published another video as part of its ongoing 'missionLatvia' initiative which attempts to lure investors to the country.
New EIT 'joint hub' to promote innovation in Latvia
New EIT 'joint hub' to promote innovation in Latvia
The European Institute of Innovation and Technology (EIT), a body of the European Union, has opened a new joint hub in Latvia which it says "is set to take regional innovation to the next level and provide a one-stop shop for local talent and entrepreneurs for EIT Community opportunities in education, business creation and innovation."
'SeaSweeper' sweeps up Women in Tech hackathon prize
'SeaSweeper' sweeps up Women in Tech hackathon prize
Celebrating International Women's Day, the fifth annual Women in Tech hackathon under the slogan 'Data. Health. Intelligence.' was held over the weekend, as previously reported by LSM. The goal of the hackathon was to encourage participants to create innovative technology projects, especially encouraging those who are new to the field.
Study suggests new Latvian businesses do rather well
Study suggests new Latvian businesses do rather well
More than half of new entrepreneurs report that their income level has increased after starting the business, according to a survey carried out by the finance institution Altum, Latvian Radio reported March 11.
Mapon issues €3 million bond to finance acquisitions 
Mapon issues €3 million bond to finance acquisitions 
Mapon, a Latvia-founded fleet management solution provider with a workforce of 180 people, has attracted private and institutional investors who have invested €3 million into the company's bonds. The funding will be used to finance company acquisitions and further expand Mapon's operations in Europe, the company said in a relase March 11. 
Deadline extended until April for large investment loan program
Deadline extended until April for large investment loan program
The application deadline for the program "Large investment loans with capital discount" jointly implemented by the Investment and Development Agency of Latvia (LIAA) and the finance institution ALTUM has been extended until 2 April, LIAA has announced, citing "growing interest" as the reason.

More

Most important