Data of business tendency surveys published on May 31 by the Central Statistical Bureau (CSB) show that the business environment in May 2023 continues to worsen in the manufacturing, construction and services sector, but retail trade is the only sector where the business environment is positive.
Latvia’s digital nomad visa was launched in April of 2022. After a year of its being in force, what has changed? Do we have a wave of digital nomads now residing in Latvia?
Forward IT Consulting is working on earz.ai, a voice recognition and translation system, which converts WhatsApp voice messages into written text automatically, reports Labs of Latvia.
Farmers, especially fruit and berry growers, are currently in a difficult situation because the damage caused by the frost has severely damaged farms. The Latvian Agricultural Cooperative Association meets with fruit and berry producers on Wednesday to discuss the impact of the devastating frost of spring.
Beat the Storm and its wind tunnel attraction has won the national final of the Creative Business Cup 2023 international business idea competition, receiving a prize of EUR 3000 and the opportunity to represent Latvia at the Creative Business Cup Global in Copenhagen in June, reports Labs of Latvia.
Latvian construction equipment rental company Storent Holdings, which is one of the largest suppliers in the Baltic states, reported May 10 that in 2022 it showed a net profit of 4.7 million euros.
The Swedish medical mattress production company Care of Sweden plans to start production in a newly established factory in Liepāja at the end of this year. It is planned to invest two million euros in the creation of the factory, said the Latvian Investment and Developent Agency (LIAA) on May 2.
Data of business tendency surveys published on April 28 by the Central Statistical Bureau (CSB) show that in April 2023 business environment has worsened in all business sectors.
On April 24, for the eighth consecutive year, the Foreign Investors Council in Latvia (FICIL) presents its assessment of the business environment in Latvia, taking a closer look at developments regarding public sector reform, workforce availability, fair competition, combatting shadow economy as well as other key topics of concern.
The Latvijas Gāze natural gas utility has signed a definitive agreement to sell its subsidiary GASO to Estonian gas company Eesti Gaas, according to Latvijas Gāze's statement to Nasdaq Riga.
An engineer by education, the Latvian-born but Stockholm-based Kristaps Prūsis went on to work in management consulting. After getting involved in several startups, he co-founded Vntrs venture studio and is its CEO. In the studio’s seven years of operation, it has invested in over 30 startups in the Nordic and Baltic region, including Beleco, Strawbees and Combify. It currently has offices in Stockholm and Tallinn with a total team of approximately 50 people.
Zabbix, a provider of open-source monitoring, has opened a new office in Mexico, reports Labs of Latvia. This is the Latvian company’s fourth international office.
Although the volume of e-commerce in Latvia has been growing rapidly in the last three years, the pace has started to slow slightly in the last three months. Was the breakthrough in e-commerce a temporary boom during the Covid-19 pandemic time, or is Internet shopping to stay? Latvian Radio spoke to industry representatives on March 29.
The global biotechnology firm Roche has announced the launch of a new branch of its Roche Services & Solutions (RSS) EMEA (Europe, Middle East and Africa) center in Rīga, reports Labs of Latvia.
The economic representative office of the Latvian Investment and Development Agency (LIAA) in Melbourne, Australia, has started work, LIAA confirmed March 22. The decision to establish an economic representation office in Australia followed as a logical continuation of the long-anticipated opening of the Latvian Embassy in Canberra in August 2022.