Business
Traditional craft fair switches to online format
The annual fair organized by the Latvian Ethnographic Open Air Museum was due to celebrate its 50th anniversary season this year, however, due to restrictions on gatherings, the fair was postponed to 2021. However in order to provide buyers from Latvia and abroad the opportunity to purchase goods of local craftsmen and home producers and sellers to market their products, a sales portal www.egadatirgus.lv has been created.
TechChill startup event announces May 2021 dates
The major Baltic startup and tech conference TechChill has announced that it will take place on 19-21 May, 2021 in Rīga, Latvia under the slogan 'The Point of No Return' with an agenda concentrating on HealthTech, EdTech and
Digital Transformation.
Successful Latvian startups share their experiences
For the second time this year, experienced entrepreneurs have got together online to share their experiences in an event called the Founder Marathon: The Untold Stories of Building a Startup, organised by the Latvian Startup Association.
Light-metal manufacturer SMW moves production to Latvia
Light-metal disc manufacturer SMW has transferred production from Russia to Latvia, locating partially at the business park “Mežgarciems”, near Carnikava, and partially in Riga, said company spokeswoman Sandra Baltruka July 30.
Atea wins fair trade award
On 22 July 2020, the Parliamentary Secretary of the Latvian Ministry of Foreign Affairs, Zanda Kalniņa-Lukaševica, presented the Sustainability Index Fair Trade Award to a company, Atea Global Services, for building its business and relations with employees, suppliers and partners on the basis of respect, integrity and sustainability. The Ministry of Foreign Affairs presented the award for the sixth consecutive year.
Vērmanes park to host summer market stalls
On Wednesday, July 15, the interim administration of the Riga City Council decided to permit commercial activities in central Rīga's Vērmanes park from July 17 to August 16 this year, allowing a month-long open-air market to take place.
Alternative investment fund approved to help businesses through coronavirus crisis
The Cabinet of Ministers at its July 14 meeting approved the draft resolution “Regulations on capital investments in enterprises whose operations have been affected by the spread of Covid-19”, which sets out the rules for the establishment of alternative investment funds for the support of large enterprises affected by the economic impact of COVID-19.
Latvian designer wins NASA acclaim
The sensor “AMII” created by the Latvian company “KOB ART” is ranked among the winners and recognized as the best prototype in a competition launched by the U.S.' National Aeronautics and Space Administration (NASA), the company's representatives said on July 14.
Latvian-created online plugin popular worldwide
Mārtiņš Balodis completed his studies at university and immediately founded the information technology company WebScraper, now used by 350 000 people worldwide. The company offers customers an automated way to obtain data from different home pages, Latvian Television reported on July 9.
Ed-TechEvolution award winners announced
The international acceleration program Ed-Tech Evolution, which brought togetherinnovators and investors from the Nordic and Baltic regions ended with Demo Day on Friday, June 19 when eleven best participants, selected by the
jury, presented their start-up ideas in a bid to win prizes contributed by sponsors.
Latvian startups compete among 17 countries
On Saturday, June 6, the application process closed for international program of excellence in education technology "Ed-TechEvolution", organizer Mārtiņš Bičevskis said on June 10.
Latvian LightSpace Technologies to develop 3D vision
Latvian high-tech company LightSpace Technologies will receive EUR 2 253 125 support from the European Union (EU) to create high-quality next-generation 3D optical glasses for medics, reported representatives of European Commission  (EC) in Latvia on June 8.
Riga TechGirls launches initiative for women in IT
In order to help women enter the IT sector, non-governmental organization Riga TechGirls has launched TechMentor messenger and mentoring initiative, said Anna Andersone, representative of the organization, on June 3.
Fisheries in Liepāja shift more business to hospitality
Following the EU-wide ban on cod fishing in the Baltic Sea, fisheries have instead moved on to the hospitality and tourism business. An old warehouse in the Liepāja port town now houses a brewery, a fish procession plant and a gastropub. The proprietors – the Laugaļi family – already have experience in hospitality after fishing fleets were cut, but now they've set up shop at the scenic Liepāja marina with help from the European Maritime and Fisheries Fund. 
Cat cafe in Daugavpils thriving
A cat cafe in Daugavpils opened the door less than three months ago and already has regular guests and a lot of positive reviews, reported Latgale Regional Television on June 1.