Business
A residential quarter worth 32 million will be built in Jugla
Real estate developer Kaamos has started construction of the Riiti residential quarter at 11 Juglas Street in Riga. The project will feature five modern, nearly zero-energy apartment buildings ranging from four to nine storeys high, located near Lake Jugla. An investment of 32 million euros will be made in the implementation of the project, and its construction will be carried out by the Kaamos Group construction company Kaamos Construction. The residential quarter is planned to be completed by […]
Latvian beef cattle breeders are worried about competition with their South American counterparts
The Beef Cattle Breeders’ Association expresses concern that in the discussions held so far on the Mercosur trade agreement, a clear answer has still not been provided to a crucial question – how effective control and monitoring mechanisms will be ensured in practice with regard to beef imports from third countries. Without such clarity, ratification of the agreement creates significant risks both for the sector and for consumers. The Member of the European Parliament involved in drafting the agreement […]
Matryoshkas may not be sold only at the Central Market; at the Town Hall Square – they may.
Matryoshkas, or nested wooden dolls that were targeted late last year by Riga’s Deputy Mayor Edvards Ratnieks, have disappeared from Riga Central Market but are freely available in souvenir shops right under the nose of Riga City Council. Inc. confirmed this on site after a market vendor drew attention to this injustice. She complained that the municipal leadership “has nothing to do and only knows how to deal with […]
Stiga RM employee simultaneously also an independent consultant in the Ministry of Agriculture’s forestry consulting program
At the end of last year, we wrote about how senior employees of LVM, who were directly involved in decision-making on the organization of procurements and the drafting of tender documents at the state-owned company “Latvijas valsts meži”, went to work for one of the industry’s entrepreneurs, including one about whom they had made decisions while at the state company. However, this is not the only situation that shows how some entrepreneurs have become intertwined with ministries […]
CC: In the Construction Cartel case, the Supreme Court unjustifiably restricts cooperation between law enforcement authorities
The judgment of the Supreme Court Senate’s Department of Administrative Cases in the construction cartel case has raised significant issues regarding cooperation between law‑enforcement institutions, the transfer of lawfully obtained evidence for the detection of cartel agreements, and the effective application of competition law, the Competition Council states. Respecting the Senate’s decision, the Competition Council (CC) emphasizes that in its judgment the Senate did not assess the existence of the prohibited cartel agreement on the merits and did not analyze that without […]
Egg producer consolidates brands
The Latvian poultry and egg product manufacturing group AS APF Holdings, which includes the Alūksne poultry farm, is changing its legal name to AS Agrova Baltics and will henceforth be part of the Agrova group brand, which will also include the UK poultry company Sunrise Eggs, acquired in November 2025. The Agrova brand will henceforth unite several companies whose largest shareholder is AS Agrova […]
The financial burden is being shifted by buyers of vegetables, fruits and berries onto the suppliers
The Competition Council (KP) has completed market supervision regarding the practice of applying payment deadlines in the supply chain of fresh fruit, vegetables and berries in Latvia, concluding that buyers use their economic market power and apply unjustifiably long payment deadlines, shifting the financial burden onto suppliers. Several infringement cases have been initiated. The main objective of the market supervision was to carry out an in-depth analysis of the practice of applying payment deadlines in the trade of perishable […]
ERGO acquires Gjensidige in the Baltics
ERGO International AG, which manages the ERGO Group’s international business portfolio, completed the acquisition of the non-life insurer ADB Gjensidige in the Baltic states on January 2. The full merger of the two insurers in the Baltics will take place gradually over the course of this year and is planned to be completed by the end of 2026. All existing insurance contracts with ADB Gjensidige customers will remain in force, and their coverage will not change. Customers will not have to […]
“Stiga RM” new employees could have conflicts of interest; a loophole in the law allows the Anti-Corruption Bureau not to assess and not to establish them
At the beginning of this year, longtime deputy director for wood product sales at AS Latvijas Valsts meži (LVM), Andris Meirāns, changed jobs. Mr. Meirāns held a responsible position: he developed auction and pricing rules and regulations, effectively determining what, to whom, for how much, and under what conditions LVM would sell and deliver timber. For this responsible work Mr. Meirāns was accordingly […]
Mushroom hunting in your office
Līga and Uģis Zemturis grow mushrooms in their office and then sell them both fresh and processed as a source of vitamins. Right there you can also enjoy a nine-course dinner paired with wines selected by Raimonds Tomsons. What do a financier and a model have in common? Mushrooms, of course! Fashion industry professional Līga Zemture and financier Uģis Zemturis are building a joint business – growing Japanese Eringi […]