A few more details were released April 13 of Latvia's planned participation in the postponed Dubai EXPO event.
Business
The Covid-19 pandemic has not only an impact on business and economy but also reshaped cyberspace. The increased use of digital technologies has become the “new normal“ in many organisations. This has created security blindspots for malicious actors that have set their sights also on the Baltics.
Retailers based in one if Rīga main shopping malls have acted quickly to stay open to the public despite the latest restrictions on whoch types of store can open in large-scale shopping centers.
As of Wednesday, specialized shops and small retail sites can reopen their doors to visitors, but tight restrictions hit malls. Frustrated representatives of shopping malls have already reached out to the Rīga City Council to arrange that shops can go outside and sell their products, Latvian Television reported April 6.
After the easter holidays, from April 7, most smaller retail stores will be able to resume in-person trading, but large shopping malls will still have restrictions in place and only certain stores will be able to work in them, the government agreed on Thursday, April 1.
Latvia's largest milling company, JSC “Dobeles dzirnavnieks” said March 31 it had signed an agreement on the acquisition of the Lithuanian grain processing company “AB Baltic Mill”.
Estonian energy group Utilitas says in April it is starting construction work on a wind park at Tārgale in Ventspils region, ten years after permission for the site was originally granted.
A manufacturer of state-of-the art automotive components used by companies including Tesla, Rimac and General Motors is relocating its production from Russia to Latvia, it said in a press release March 25.
Wednesday, March 24 will bring another interesting conference online, and LSM will be delighted to provide you with a live stream of the event.
During the weekend of March 12-14, the “Women. Technology. Sustainability.” hackathon took place at the end of a week-long celebration of International Women's Day.
On March 11, the Latvian Investment and Development Agency (LIAA) signed an agreement on the development and implementation of the Latvian National Pavilion concept for the EXPO exhibition in Dubai.
Anyone with a mobility idea is being invited to join the kick-off technology marathon “Urban Mobility Hackathon” on April 15-17, where participants from all three Baltic States will be encouraged to address the challenges of cities in ensuring climate-neutral mobility.
Three Latvian pharmaceutical companies – AS “Olainfarm”, AS “Grindeks” and SIA “Pharmidea” – want to build a factory for production of vaccines against Covid-19, said co-owner of “Pharmidea” Vitālijs Skrīvelis at the meeting of the Saeima's Sustainable Development Committee March 10.
During the pandemic in Latvia, three new retail market participants – the Sāga mall, the brand outlet village “Via Jurmala Outlet Village” and the Lidl store network – should have made a powerful entrance. However, due to Covid-19, plans are constantly changing, Latvian Radio reported March 8.
The Latvia-based financial technology (FinTech) company Sun Finance has been ranked in second place in Europe in a new Financial Times list of the 1,000 fastest-growing European companies.
Data of business tendency surveys published March 1 by the Central Statistical Bureau (CSB) show that in February 2021 business confidence indicators improved only in the services sector.
Starting March 1, hairdresser, manicurist, pedicurist and podologist service providers are allowed to resume work after months of downtime.
Lantmännen Unibake, a leading international baked goods producer group in the Nordic countries, plans to close its bakery in Rīga, newswire LETA said March 1.
Starting March 1, hairdresser, manicurist, pedicurist and also podologist services will be allowed, government decided February 23.
At a joint meeting of the government and the Crisis Management Council on Tuesday, government representatives examined the proposal of the Economics Ministry to allow outlets with a single entrance and of no more than 300 square meters to resume face-to-face sales.
The aviation industry was one of the hardest hit in Covid-19 crisis, including the Latvian national airline airBaltic. Ministry of Transport estimates that the transport industry received EUR 500 million in aid last year and half of that went to airBaltic, Latvian Television's broadcast De Facto reported February 21.
The government's decision to allow hairdressers and manicure/pedicure specialists to work was taken by the industry with mixed feelings. The price of the service is likely to rise, and queues are already forming, Latvian Television reported February 19.
Lower-risk beauty service providers - hairdressers and manicurists/pedicurists - will be able to start working again come March, government decided on February 18.
Latvian print-on-demand company Printful will open a new fulfillment center in the US to increase production capacity, Printful said in a release February 11.
Re:Baltica, the Baltic Center for Investigative Journalism, has published a new report in which it profiles what it says is one of Latvia's richest individuals -- but one that very few people have heard of.
The popular Baltic startup and technology event TechChill, taking place from May 7th to May 21st this year, has announced its annual pitch competition, the Fifty Founders Battle.
Data of business tendency surveys published February 1 by the Central Statistical Bureau (CSB) show that in January 2021 business confidence indicators continued to decline.
Latvian Television's De Facto investigative show reported January 31 that plans are being drawn up by the Economics Ministry to re-open the retail sector as businesses face increasing strain under current regulations.
The influential Foreign Investors Council in Latvia (FICIL) reveals its latest research at 10:00 on January 29.
Poultry producer AS “Putnu fabrika Ķekava” has installed a robotic product weighing and packaging line, as well as a robot for loading frozen meat on pallets, the company said January 27.