One of Latvia's major businesses, Valmiera Glass Group, announced June 17 it was filing for legal protection in Latvia as a result of difficulties with its operation in the United States.
After a two year interruption, the Ministry of Agriculture (ZM) are again advancing amendments to the Cabinet of Ministers regulations regarding the felling of trees, reported LSM's Latvian service on June 12. The changes include, among other things, allowing the felling of younger and thinner trees in Latvian forests. Environmental organizations call for a halt to the advancements and urge the creation of a working group to resume discussions of environmental risks. Meanwhile, forest owners point out that, together with felling regulations, stricter rules for reforestation are being advanced.
The “RB Cafe”, opening on June 12, is a brand new example of social entrepreneurship, a business model that aims to solve various social problems and benefit the community at large. The cafe, on Bruņinieku iela 63, has employed seven individuals with disabilities.
The board of the State JSC “Latvian Railways” will continue its work, said Edvīns Bērziņš, the chairman of the board of the company, speaking about the anticipated council meeting, in which the dismissal of two board members – Aivars Strakšas and Ainis Stūrmanis – was to be discussed.
The restoration of the former restaurant “Sēnīte” has been delayed yet again and in all likelihood will not be continued.
The further east you go in Latvia, the less optimistic the business sentiment becomes, according to the latest edition of Citadele bank's business index survey.
The influential Foreign Investors Council in Latvia (FICIL) had its annual meeting with central government in Rīga May 31, with both sides agreeing their priorities for the business and investment environments in the country are closely aligned.
The real estate developer Linstow Center Management (Linstow) has sold Galerija Centrs shopping mall in Old Rīga to Baltic Horizon Fund real estate fund for €75 million, Newsec consultancy, which arranged the deal, told LETA May 28.
The boom in alcohol sales caused by Estonians and others coming to Latvia to take advantage of cheaper prices shows no sign of abating, according to Estonian public media's English-language service ERR News.
Latvian business owners have positively rated the tax payment and administration process, according to the latest Citadele Index survey of business owners conducted by Citadele Bank and SKDS.
A business conference held in Rīga in April has spawned eight new startup companies, organizers claim.
Latvian Fintech company Mintos said April 15 it is launching the "Mintos Impact Fund", the first initiative of which will be cleaning up the Baltic Sea together with Pasaules Dabas Fonds (the local associated partner of WWF) and WWF Deutschland.
The Akropole shopping center was on April 4 opened to the public, the company told the press.
Construction has begun at the site of a large new industrial park located on Maskavas street in Stopiņi municipality near Rīga, the company behind the project said April 2.
Shareholders of Latvia’s Olainfarm pharmaceutical company today elected a new supervisory board at a meeting that had been cancelled by the company’s previous supervisory board.
The influential Foreign Investors Council in Latvia (FICIL) on April 1st announced the name of its new executive director.
There are no preconditions ensured for successful completion of cash register reform in Latvia, the State Audit Office said in a recent report on the issue.
The Investment and Development Agency of Latvia (LIAA) has announced it will organize a second international Magnetic Latvia Technology conference Deep Tech Atelier in Riga from April 12th-13th.
A fire has erupted at the former RAF factory, currently NP Jelgava Business park. A single-story production building is in flames from early morning March 14.
LTV's ace investigative team have done it again, exposing yet more decidedly fishy goings-on at Rīgas satiksme (Rīga transport), the municipal transport company of the Latvian capital.
Forbes will re-launch a Latvian-language magazine, the company told the press March 7.
Pioneering Latvian company Anatomy Next has won the Latvian-American Innovation Award 2019 for their virtual reality training system Trauma Simulator that allows medical students to practice and improve their performance in emergency situations, the American Chamber of Commerce in Latvia announced March 7.
The huge "Akropole" shopping center in Rīga's Ķengarags suburb has been finished and accepted into service by the local construction board, the center's representatives told the press March 7.
The Estonian rideshare app Taxify is changing its name to Bolt, the company told the press March 7.
Lidl has applied with the Rīga City Construction Board to build new retail shopping centers in Rīga's Teika and Pļavnieki neighborhoods.
A new information resource is online for anyone toying with the idea of starting a company in Latvia.
The European Investment Fund (EIF) and venture capital firm Capitalia have signed an agreement on a guarantee instrument supporting small businesses in Latvia, Lithuania and Estonia, for a total amount of €10 million, the European Commission announced February 25.
This week, Latvia again becomes for the Baltic startup ecosystem, gathering more than 2,000 tech enthusiasts, experts, speakers and students from all over the world. More than 20 different side events are taking place all over the city celebrating ideas, startups and innovations, with the leading event - TechChill startup conference - hosting attendees eager to get inspired and meet like-minded people for the 8th year in a row.
The number of companies being liquidated has risen dramatically as a result of ongoing efforts to destroy Latvia's reputation for money-laundering and to clean up the financial sector, according to data from the official Lursoft company register.
The first 18 startups financed by ALTUM accelerator programs have "graduated" to the next level of their business lives, a release from ALTUM said February 12.