Business
Does the CVK have fictitious employees? Most likely, at least one.
The Central Election Commission (CVK) employs at least one fictitious female employee who was formally hired so that her husband could avoid paying child support at a faster-increasing rate – this conclusion can quite reasonably be drawn from the information received by the Inc. editorial office and from attempts to verify this information. Early on the morning of March 26, after the current affairs broadcast “Kas notiek Latvijā?” (“What’s Happening in Latvia?”), in one of the messaging apps I […]
In the State Chancellery’s procurement for the development of digital public service design, the lowest bid was submitted by the company of the imprisoned businessman Ceruss
In the State Chancellery’s procurement “Development of the design of state administration digital services. Stage 2.” the lowest bid was submitted yesterday by the company “Corporate Consulting” owned by the arrested businessman Ceruss, according to the bid opening record of 23 March. In total, nine companies have submitted bids in the tender, including PricewaterhouseCoopers, Emergn, Civitta Latvia, CUBE Agency, Raccoonery, SDSI studio and TRY Riga. The bid prices range from 27,888 euros to 33,000 euros. […]
The procurement documents of the E-case project perfectly demonstrate how the networking of detained individuals works in IT procurements
The Court Administration’s (TA) information system E-lieta, with related procurements that began back in 2017, perfectly demonstrates how the network of individuals operates, some of whom were detained this week. Documents show that officials and companies themselves both draw up the specifications, sit on the procurement commission, and choose the winners. The E-lieta example is only one example, but in essence the same people and […]
By 2028, Agrova Baltics will switch to 100% cage-free egg production. A new investment program worth 30 million euros will be launched in Alūksne
The Latvian food production company group AS “Agrova Baltics” (part of the “Agrova International” holding) has decided to switch to 100% barn-laid egg production at the “Alūksne poultry farm”. The company plans to complete this by 2028 inclusive, thereby becoming the first egg producer in the Baltics to fully implement this transition. The decision was made in response to rapidly growing demand in export […]
Storing electrical energy in batteries narrows the circle of energy suppliers
Although the installation of solar panels and batteries will undoubtedly reduce your electricity bill, it can also limit your choice of which electricity market participant to buy energy from when the solar-generated and battery-stored power is not enough. For example, JSC Virši-A does not conclude electricity supply contracts with owners of such systems. This was discovered by social network X user Gatis Krūmiņš while exploring market options. […]
The manager of SKY stores goes bankrupt
Announcing that it is unable to compete with foreign-capital supermarket chains, SIA Skai Baltija, which operates the SKY supermarket network, submitted an insolvency application on Friday, March 13, the company reports. The management of SIA Skai Baltija indicates that the company can no longer compete in the price war with the large foreign-capital retail chains. Likewise, in recent years the geopolitical situation has significantly increased operating costs. In order to […]
“Agrova Baltics” financial results exceed IPO targets; the company is considering a bond issue
For the Latvian food production company group AS Agrova Baltics (previously “APF Holdings”), 2025 was the most successful year in the company’s development history. According to unaudited data prepared by the company’s management, in 2025 net turnover reached 24.3 million euros (+92% compared to 2024), adjusted EBITDA – 9.2 million euros (+257%), while profit for the reporting period – 5.2 million euros. The past year […]
The number of newly established companies in Latvia reaches a six-year record
In 2025, Latvija registered the highest number of newly established companies and merchants in the last six years. According to data from the Register of Enterprises, a total of 10,445 new companies and merchants were founded, which is 12.07% more than in 2024, surpassing the 10,000 mark for the first time since 2019, according to data compiled by Citadele bank. Last year, 183 were registered in Latvija […]
The state has more than recouped its investments in startups
With the state investing three million euros in startups, the growth of companies has been promoted whose total contributions to the state budget now exceed 52 million. This has been concluded in a study by the Latvian Startup Association, “Support that Pays Off”. The study describes a specific program that was financed by ALTUM but implemented by the fund Imprimatur Capital. From 2013 to 2017, the fund granted 50,000 euros to 60 early-stage technology teams […]
The power of retailers over suppliers is decreasing
The Saeima’s Economic, Agricultural, Environmental and Regional Policy Committee has put forward amendments to the Unfair Commercial Practices Prohibition Law. The Committee intends to prohibit retailers from unilaterally imposing sanctions on suppliers and to stipulate that the payment term for fresh vegetables and eggs must not exceed 20 days. The law amendments were drafted after the Competition Council, in relation to the Unfair Commercial Practices Prohibition Law […]