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Kärcher to open factory in Latvia
The German group Kärcher plans to set up a new production facility in Latvia, the group's board member Michael Häusermann has confirmed, according to information published September 2 by the Latvian Investment and Development Agency (LIAA).
Better mood in services sector in August
Data of business tendency surveys published August 31 by the Central Statistical Bureau (CSB) show that business confidence indicators in August 2021 have gone down in retail trade, construction, and industry, however, in the services sector business environment is slightly improving each month.
Financial regulator will not block Olainfarm share buy-back
The Financial and Capital Market Commission (FKTK) said August 16 it has told AS "Olainfarm" parties involved in a mandatory share buy-back offer that the parties' requests for the application of interim protection will be considered on 24 August 2021 within the case initiated in the Administrative Regional Court based on the applications of the applicants Agris Auce and Mārcis Judzis regarding the FCMC's decision of 14 July 2021.
Twino fintech reports best profits yet
The consolidated net profit of the finance technology (fintech) group TWINO, which provides lending and P2P investment brokerage services, reached EUR 7.4 million in 2020 according to the company’s audited consolidated financial statements for year 2020.
Virši fuel company looks ahead to IPO
Fuel company AS “Virši-A” published its financial report for 2020 on July 30, which show that profit at the group level in 2020 reached almost 4.2 million euros, which is 17.8% more than a year earlier.
Funding tips for startups in August webinar
The Latvian Startup Association Startin.LV, with the support of the Ministry of Economics and START EASY Interreg Europe, will host a live webinar focused on funding opportunities which are still up for grabs in 2021, as well as the upcoming funding programs.
New boss appointed at Tet telecoms company
Uldis Tatarčuks has been appointed as the new Chief Executive Officer and Chairman of the Board of SIA Tet (formerly known as Lattelecom), the company announced July 9. 
Latvian miller company launches two major plants
On Friday, July 2, two new plants were launched by the Dobeles Dzirnavnieks miller company, which are expected to allow the company to grow exports by at least 30% over the next two years, Latvian Television reported Friday.
Restaurants hunt for staff after downtime
While it is customary that at the beginning of summer owners of restaurants and bars face a labor shortage with the opening of terraces, this year has turned out to be a whole hunt for employees, Latvian Radio reported June 10.
Shopping malls turn to Constitutional Court
Latvia's largest shopping centers have prepared applications for the Constitutional Court in regard to prohibition to work, the Real Estate Developers Alliance (NĪAA) said May 27.

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