Business
Latvia is targeting the Hamburg port festival from May 7 to 12 to showcase what it has to offer to German investors and business partners with 'Latvian Days' events that will be part of the #MissionLatvia external marketing strategy implemented by the Latvian Investment and Development Agency (LIAA).
Since the start of Russia's full-scale war in Ukraine, the Entrepreneurs for Peace Foundation, which brings together more than 300 Latvian companies, has sent more than €10 million in aid to Ukraine, the foundation said on March 27.
The European Institute of Innovation and Technology (EIT), a body of the European Union, has opened a new joint hub in Latvia which it says "is set to take regional innovation to the next level and provide a one-stop shop for local talent and entrepreneurs for EIT Community opportunities in education, business creation and innovation."
Celebrating International Women's Day, the fifth annual Women in Tech hackathon under the slogan 'Data. Health. Intelligence.' was held over the weekend, as previously reported by LSM. The goal of the hackathon was to encourage participants to create innovative technology projects, especially encouraging those who are new to the field.
Mapon, a Latvia-founded fleet management solution provider with a workforce of 180 people, has attracted private and institutional investors who have invested €3 million into the company's bonds. The funding will be used to finance company acquisitions and further expand Mapon's operations in Europe, the company said in a relase March 11.
Latraps Agricultural Services Cooperative has signed an investment agreement with Pfeifer & Langen International B.V., one of the European leaders in the food industry, on the development of a pea protein isolate plant in Jelgava, "Latraps" Communications Manager Zane Berķe told LSM.lv on March 7.
A case has been brought before the Constitutional Court that may affect Latvia's progress towards transparency in the business environment in recent years. By July 1 this year all joint stock companies must disclose their owners to the Enterprise Registry, which publishes the shareholder lists on its information portal. However, several shareholders of "Latvijas finieris" have appealed to the Constitutional Court, Latvian Television's De Facto reported March 3.
German retail giant Lidl opened its 30th store on February 29, two and a half years after entering the Latvian market, with representatives of the German Embassy in Latvia and German-Baltic Chamber of Commerce in attendance. It is already the 30th Lidl store in Latvia and the 16th Lidl store in capital city Rīga.