5G "Hackathon" coming to Latvia in November
On November 27-29, Rīga will play host to 5G policymakers, heads of major industry organisations, and business leaders from Europe, the USA, and Asia for what is described as "one of the leading 5G events worldwide" to discuss the deployment of the first commercially-viable 5G business models.
Huge interest in coding classes for women
This week, admissions to the She Goes Tech IT scholarship program concluded with 650 applications submitted for 80 spots. The IT classes are organized by the Riga TechGirls NGO with the goal of helping graduates start a career in IT.
Top Baltic brands given awards
October 3 saw a ceremony to award the strongest commercial brands and so-called "influencers'' in the Baltic states for the first time.
Erste Group joins Baltic bourse roster
Nasdaq announced Deptember 30 that Erste Group Bank AG has been granted stock exchange membership on the Nasdaq Rīga and Nasdaq Vilnius markets as of October 1, 2019.
Revenue Service to try to enforce €9m from new operators of Tokyo City
This past summer the companies running Tokyo City restaurants were liquidated and new operators have been established instead, but the State Revenue Service still plans to enforce €9 million of unpaid social contributions for a time period of 2016-2017 from the company, the Latvian public television reported.
Startup Day returns September 12
Startup Day, dedicated to business and entrepreneurship, returns to Latvia on September for a third time with what organizers are calling a "broad program" to "promote cross-sectoral cooperation and highlight the contribution of startups to Latvian economic vitality and innovation development."
Baltics now a 3 billion euro venture capital market
According to the Baltic Venture Capital Association, the private equity and venture capital market in Estonia, Latvia and Lithuania has grown sevenfold during the last five years to stand at more than €3 billion in 2019.
iNOVUSS festival to take place in Rīga
From August 30 to September 1, what is being claimed as "the biggest innovation event of this summer" – the innovation and technology festival iNOVUSS – will take place on Lucavsala island in the middle of the River Daugava, Rīga.
Latvian, Estonian dairies team up in cross-border cooperation
Latvian dairy cooperative Piena Ceļš (Milky Way) plans to team up with Estonian cooperative Epiim and invest 100 million euros in a new dairy plant in Estonia for processing milk supplied by Latvian and Estonian farmers, Piena Ceļš board chairman Raimonds Misa told the LETA newswire August 20.
Latvia's Brain Games buys Lithuania's New Media Publishing
Board game company Brain Games Ltd. which was founded in Latvia, has acquired Lithuanian board game, puzzle and toy retailer and wholesaler New Media Publishing Ltd, becoming in the process the largest chain of board game shops in the Baltics.
airBaltic rolls out Lithuanian paint job
Latvian airline airBaltic has completed a full set of planes in the colors of the flags of the Baltic states, on August 8 revealing a jetliner in the Lithuanian colors to go with the already extant Latvian and Estonian flag liveries on other Airbus A220-300 planes, as previously reported by LSM.
5G not yet ready for widespread public use in Latvia says telecoms boss
The new-generation 5G Internet network is not intended for general public use yet, but rather for the management of industrial and technological processes, according to Juris Binde, president of the mobile telecoms operator "Latvijas Mobilais telefons" (LMT), speaking in an interview on LTV and Latvian Radio July 19.
Green energy producers contend with possible aid suspension in Latvia
The majority of the 134 green energy producers, whom the Ministry of Economics have threatened with aid suspension, have submitted the document specifications demanded by the Ministry, reported LSM's Latvian service on July 2. If this turns out to be enough, the state will continue buying electricity at a higher price from these producers. It is already known, however, that 13 producers will lose state support in July.