Business
Farmers’ Saeima: The result of the “Valainis memorandum” is a more challenging cooperation with supermarkets
In the assessment of the Farmers’ Saeima association, the memorandum on reducing food prices, which was signed this spring by the Ministry of Economics (EM), retailers, and food producers, has so far not delivered the promised result. Member of the board of the Farmers’ Saeima association, Mārtiņš Trons: “Politicians stirred the air, but there is still no result or visible benefits. Quite the opposite – cooperation between farmers and retailers has become even more challenging.” By signing the memorandum on reducing food prices […]
Industrial construction – the real economic indicator
One of the most accurate barometers of Latvia’s economic health is industrial construction – the development of factories, warehouses, logistics centers, and agricultural infrastructure. These facilities are not built impulsively. They are created only when developers – entrepreneurs – feel safe and stable in the long term. Such projects require lengthy planning, large-scale investments, and confidence that business development will be stable not only today, but […]
The largest shareholder of APF Holdings is establishing a new international food production group of companies, Agrova International
APF Holdings (hereinafter – APF), which includes one of the largest poultry and egg production companies in Latvia, SIA Alūksnes putnu ferma, whose largest shareholder is Jurijs Adamovičs, has established a new food production group, Agrova International, with the aim of becoming a rapidly growing European-level producer of poultry, eggs, and innovative egg products. Agrova International has taken over from Jurijs Adamovičs […]
Nord Leasing
NORD Credit is one of the licensed consumer lending companies in Latvia.
“We can be the flagships of artificial intelligence.”
In the field of research and development (R&D), Latvia’s small and medium-sized enterprises invest only when all other needs have already been covered and there is money left over. However, R&D is in fact the very foundation that makes it possible to explore and introduce unprecedented services and products. Working with scientists is often something only large and wealthy companies can afford. Guna Soloveja heads the R&D department in one […]
In the Latvian business environment, the trend of obtaining corporate loans quickly is strengthening
The saying “Time is money” is one of the basic principles of the business world, and in Latvia’s business environment right now it is truer than ever. The dynamic work pace is reinforcing the trend for companies to promptly borrow the funding needed for project implementation and to repay it flexibly, using grace periods and other solutions. Data compiled by the business financer Cityfinances show that businesses seek to receive funding within a day and […]
Cēsis beer is not yet allowed to take over Valmiermuiža beer – the opinion of the sector is being asked
The Competition Council, after a month-long investigation, has decided not yet to allow Cēsu alus to take over Valmiermuiža alus. To make a decision, the Council still needs the views of HoReCa sector representatives. The Competition Council invites HoReCa sector participants and other interested parties to express their opinion on the impact of the merger on competition. Market participants or other interested parties who wish to provide their opinion on the impact of the planned merger on […]
For military-oriented startups, European money is becoming more accessible
For manufacturers of new or significantly improved dual-use – civil and military – products, access to European Union co-financing has been significantly facilitated. Start-ups could be especially grateful for these amendments. The relevant regulatory framework, developed by the Ministry of Economics, was approved by the government on 21 October. Until now, it was stipulated that, in order to apply for support for the development of new or significantly improved dual-use products, project […]
Latvian forests owned by Swedes are being bought up by other Swedes – a company linked to IKEA
The investment and forest management company Ingka Investments has reached an agreement with Sweden’s largest forest owners’ association, Sodra, on the acquisition of 135,000 hectares of land in Latvia and 18,000 hectares in Estonia. Approximately 89% of this land consists of forest areas. The completion of the transaction is still subject to the approval of the relevant supervisory authorities. Ingka Investments is part of Ingka, the largest store operator of IKEA […]
CenuKlubs.lv will cease operations
After 23 years of operation, the company SIA cenuklubs.lv, which owns stores of the same name, is preparing to cease its activities, company board member Arnis Šķerbergs confirmed to Inc. More than 150 employees will lose their jobs. The entrepreneur did not wish to provide more detailed information. In the past, the company had four stores in Riga and one in Talsi. Now, according to the information available on the company’s website, it has only […] left.