Wednesday, April 15, 2026

Headlines

inc.baltics's avatar

inc.baltics

Nestlé will sell Pols ice cream and other popular ice cream brands

Food Union has agreed on the sale of its ice cream business. The new owner will be the international ice cream manufacturer Froneri, which is owned by Nestlé and PAI Partners. The value of the transaction has not been disclosed and must still be approved by the Competition Council. The proposed transaction will include only the ice cream business in Latvia which, after being separated from the dairy products business, will be established as a separate legal entity. It is planned that the transaction will be completed in the coming […]

Swedbank Baltics has once again been recognized as the most valuable company in Latvia

The twentieth TOP101 of Latvia’s most valuable companies, compiled by Nasdaq Riga and Prudentia, has already been published. For the fourth year in a row, AS Swedbank Baltics has gained the status of Latvia’s most valuable company – over the year the bank’s value has increased by 40%. The first TOP101 of Latvia’s most valuable companies was created twenty years ago. Since 2006, the value of the companies included in the ranking has grown more than fourfold. […]

Signature collection starts for the “Latvenergo referendum”

The opposition party Latvia First has nevertheless achieved that the Central Election Commission has initiated signature collection in order, after gathering the required number, to hold a referendum intended to include in the constitution a prohibition on transferring large state-owned companies for privatization without the approval of the Saeima, the CEC informs. “Only and exclusively the Saeima may decide on the disposal of property assets significant to Latvia’s national economy, which are state shares […]

Artificial intelligence has exploded, but don’t worry – you’ll forget your passwords anyway

In business there are only two misfortunes: one – to ignore artificial intelligence (AI), the other – to start using it in too much of a rush. This month OpenAI released GPT-5, and the world hastily proclaimed the death of imagination, the demise of accountants, and even the end of PowerPoint. Of course, none of that happened. Accountants are still billing by the hour, and PowerPoint is as immortal as the paintings in hotel corridors. And yet – […]

APF Holdings introduces a healthy loyalty program for shareholders

On World Egg Day – October 10 – the APF Holdings group of companies is launching a new investor loyalty program. It has been developed to strengthen the long-term cooperation between the company and its investors by providing practical added value – the opportunity to get to know more closely the company’s premium-class healthy nutrition and innovation brand Fiteg2. The investor loyalty program provides for three membership levels – Bronze, Gold and Platinum, and the benefits increase along with […]

FlyCap will invest 42 million euros in growing companies

With the achievement of the private investment attraction target, the venture capital fund manager FlyCap has started financing companies. After the completion of the first subscription stage, the total size of the fund is 42 million euros, which over the next five years will be invested in promising and growing Baltic companies. The fund’s financing consists of 24.8 million euros of public funding from the European Regional Development Fund and ALTUM, as well as […]

The Singularity of Middle Management

The world of artificial intelligence is currently neatly split into two sects. Any resemblance to the Bible is, of course, beyond your correspondent’s competence – but I still cannot resist them. One sect is waiting for the Messiah. Pardon me – AGI or superintelligence. This congregation is small but well funded; its gospel is the spreadsheet, and its hymns are sung at investor presentations. With sacred […]

Stricter control will be imposed on the employment of third-country nationals

Observing what is happening in other European countries, the Ministry of the Interior has put forward several proposals on how to limit illegal immigration. One of them will make it more difficult for dishonest entrepreneurs to illegally employ third-country nationals – the person will be monitored, not the company. The current procedure stipulates that if a company commits violations in the field of employing foreigners, the ban on inviting third-country nationals to work is imposed on that specific company. […]

Bank branch manager has been stealing from clients for 17 years

The officers of the 3rd Bureau, 2nd Unit of the Criminal Police Department of the Riga Regional Department of the State Police have sent to the prosecutor’s office a case for the initiation of criminal prosecution against a bank employee for economic crimes committed over a period of 17 years. While holding the position of branch manager at the bank, the suspect, without the knowledge of clients, carried out unlawful operations with financial instruments in their name, thereby obtaining money belonging to the bank’s clients. The credit institution has compensated […]

Because of heating, we are ready to get sick more and eat less

Rising heating costs threaten to affect not only daily expenses but also quality of life. Latvian households will face a significant financial burden in the upcoming heating season – only 30% will be able to pay their heating bills without difficulty, while 67% plan to limit their everyday spending, and 3% already predict that they will not be able to pay their bills at all, according to a survey conducted by the bank Citadele. The payment of bills for the upcoming heating season […]