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.
Business
'5G Techritory', a top event about 5G technology in the Baltic Sea region, confirmed August 12 it will return for a third year in a row on November 11-12, 2020.
A performance-measuring tool for athletes, "Echo", has been created in Latvia, showing great success and now entering markets in North America and Scandinavia, Latvian Television said August 11.
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.
Digital Transformation.
Wooden toys produced in Kurzeme, Latvia, are gaining popularity abroad, especially the Asian market, Latvian Radio said August 2.
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.
Latvian IT company Tet (formerly known as Lattelecom and before that Lattelekom) anounced August 3 it had decided to sell its 'T2T' subsidiary to the Helmes international software company from Estonia.
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.
Latvian technology companies Latvijas Mobilais telefons (LMT) and MikroTik have set up a unified network of high-capacity data transmission to help doctors and scientists in the fight against many diseases, LMT told Latvian Radio July 29.
A new report published July 24 says that one in five new Latvian startup companies belong to the Financial Technology or 'Fintech' sector.
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.
The Competition Council (KP) decided to allow the Luxembourg alcohol production and marketing company Amber Beverage Group Holding to have a joint decisive influence over AS Lido along with existing owners, the KP said July 22.
Latvian company "Smart eco tiny" has been producing mobile houses from wood for less than a year, but interest has already perked up in Scandinavian countries, Latvian Television reported July 20.
The company DG31 Ltd, owned by the real estate developer Galio Group, has announced an international design competition for the development of the historical Zunda parks territory at Daugavgrīvas Street 31 in Rīga.
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.
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.
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.
A Latvian home-kitchen experiment has led to healthy muesli exports to 30 countries, business "Felici" owners told Latvian Television on July 13.
Two successful and similarly-named Latvian companies have reached an agreement after legal action in the United States -- with both parties claiming to be satisfied with the outcome.
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.
Dainis Bonda created a company Rubrig five years ago in Ādaži, manufacturing rubber tiles for children's playgrounds and gyms from unnecessary old tires, Latvian Television reported on June 29.
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.
jury, presented their start-up ideas in a bid to win prizes contributed by sponsors.
The influential Foreign Investors Council in Latvia (FICIL) has produced a document full of recommendations for policymakers on how to recover from the economic effects of the COVID-19 crisis.
Luxembourg-registered Amber Beverage Group is considering acquisition of a 49 percent stake in Latvia's Lido restaurant chain, the LETA newswire learned from Amber Beverage Group June 11.
A new international marketing effort is trying to tell the rest of the world about Latvia's comparative success in tackling the spread of COVID-19 and some of the initiatives that have formed part of the response.
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 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.
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.
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.
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.