Business
Owners of the military industry are not being anonymized yet: The government’s decision took 17 months
After 17 months of bureaucratic activity, the Cabinet of Ministers has criticized and rejected the initiative of the Saeima Defence, Internal Affairs and Corruption Prevention Committee to anonymize the board members and beneficial owners of the Ministry of Defence’s strategic partners, yet has not offered its own solution for their protection. The head of the responsible committee, Raimonds Bergmanis, believes that entrepreneurs in the military industry who have concluded supply contracts with the Ministry of Defence […]
An employee will be able to leave without notice if the salary is delayed by two weeks: severance pay will have to be paid
An employee whose salary payment is delayed by at least two weeks will be able to terminate the employment contract immediately with the right to receive severance pay, according to amendments to the Labour Law that have reached the Cabinet of Ministers. Although the amendments still have to be examined by the Saeima, this is one of the planned changes on which there is conditional consensus, namely, both trade union representatives and employers have managed to agree on it […]
The number of “startups” is growing, but not fast enough to reach the target
When the Saeima adopted the Start-up Support Law, one of the goals set was to create an ecosystem that would make Latvia the No. 1 country of choice in the Baltics for start-up founders, reminds a report by the Ministry of Economics, which is being reviewed by the government today. After almost eight years of the law being in force, it does not appear that this goal has been achieved. However, industry experts say that “things are not all that […]
“Kulbergs is feeding the people of Riga with gas, not with the truth”; Timma exposes the falsehoods mentioned in the interview
The heating season is a couple of months away, and “Rīgas Siltums” already in June submitted to the Public Utilities Commission (SPRK) a new heating tariff of €88.10 per megawatt hour (MWh) for evaluation, which will increase the heat price for Riga residents by about 22%. While Saeima deputy Andris Kulbergs (AS) has started raising the issue of heating tariffs in Riga and has given an interview in the latest issue of the magazine “Klubs”, […]
RUBRIG will borrow and expand – hopes to increase turnover by 75% within two years
The manufacturer of impact-absorbing rubber surfaces RUBRIG has borrowed 1.13 million euros from Luminor Bank to expand its production line, in order to increase its turnover by two million euros over the next two years, which would be 75% more than the company’s turnover last year. The company was founded in 2015 with the aim of offering high-quality, safe and visually appealing rubber surfaces. The company […]
500 thousand for the search for a new Latvian “unicorn”
A study carried out in 2022 predicted that by 2030 there could already be five “unicorns” in Latvia, meaning companies valued at one billion USD. Three years on, we still have only one, however – in order to move closer to this goal, members of the Latvian business angel network have jointly invested 500 thousand euros in the Latvia-registered venture capital funds Buildit VC and Outlast Fund. It is possible that this – […]
In Latvia the green lifestyle exists only on social networks – in Europe it brings in billions
“Young people only talk about a green lifestyle on social media; we don’t see them in our store,” says Eco Baltia Vide chairman of the board Jānis Aizbalts. At the beginning of the year, the company he heads opened the store “Lab!”, where you can find electrical goods that previous owners had thrown away but that the company’s craftsmen have repaired again. Worldwide this is a business worth billions. Aizbalts says that the average customer in the store is around 50 years old […]
Half of remote employees nap at their employer’s expense
A large proportion of people who work remotely do not hide that they sometimes allow themselves a little nap during working hours. But most often, it is managers who admit to napping at the employer’s expense. The original article is available on Inc.com. The article has been translated with the help of artificial intelligence, but it has been edited by an editor. During videoconferences with their remote employees, employers might find it useful to pay attention to sleepy faces, carelessly arranged […]
Most of your marketing expenses are wasted
Here you will find two simple ways to fix it without draining your bank account! The original article is available on inc.com. The article has been translated with the help of artificial intelligence, but it has been edited by an editor. I have had many dogs in my life – I truly love them – and if there is anything I am known for, it is a squirrel brain. Every […]
Chocolate prices are rising rapidly, but this company has a solution
Voyage Foods produces alternatives to products such as coffee, peanut butter, and chocolate. But is chocolate really chocolate without cocoa? ! The original article is available on inc.com. The article has been translated with the help of artificial intelligence. It has been proofread by an editor and contains no factual errors, but the language style has not been edited. The prices on the chocolate shelves are starting to taste a little bitter. It is expected that in 2025 […]