News
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 […]
The Ministry of Education cannot find the list of schools to which the expensive computers were delivered
Officials of the Ministry of Education and Science (Ministry of Education) apparently cannot find information within their own system about which schools have received the 48 thousand purchased computers, for whose procurement process Minister Dace Melbārde initiated an internal investigation at the end of February. Inc. has already written that the Ministry of Education has found an unprecedented way to exclude from the procurement a company that was able to provide the necessary computers […]
During Siliņa’s government, state spending on grants to NGOs and individuals has doubled
Expenditures by ministries and institutions for non-governmental organizations, as well as grants to private individuals over the last four years have more than doubled, according to information compiled by Inc. Thus, in 2022 a total of 98.9 million euros was spent for these purposes, while in 2026, 192.9 million euros is planned to be spent for the same purposes. It should be added that the increase has been consistent and these have not been any exceptions […]
Law enforcement will be allowed to eavesdrop on cartel organizers
The Saeima Legal Affairs Committee has supported at first reading amendments to the Operational Activities Law, which clarify the procedure for using and transferring information obtained in the course of operational activities in other proceedings. These will ensure a more effective fight against cartels, as well as expand opportunities to uncover other crimes. The amendments were prepared in response to a Supreme Court Senate judgment in the so‑called construction companies cartel case, in which it was concluded that […]
An additional tax is being prepared for imports from Russia
By referring to committees the Economic Security Tax Law initiated by the National Alliance, the Saeima is beginning work on the introduction of a new tax on goods from Russia – 30%. According to the proposal, the tax would have to be applied to goods that are sold for the first time or used to ensure economic activity, production or for own consumption. In the draft law, Russia is not mentioned by name; instead, there is a list of countries or “high-risk countries” to which this […]
“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 […]
An innovative system for bird protection in wind farms is being developed in Latvia
Latvijas Mobilais Telefons (LMT) and JSC Latvenergo have launched a research project aimed at developing a technology unique in Latvia for the automatic detection and identification of birds in wind turbine parks. This solution will help reduce the risk of bird mortality while promoting the sustainable development of wind energy and compliance with environmental protection requirements. The project is an important step for innovation and nature protection in Latvia, because so far […]
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 […]
55 over 55: in which NGOs are the highest salaries and dependence on funds?
There are 30,000 non-governmental organizations (NGOs) in Latvia, of which only 1% receive funding through the Society Integration Foundation (SIF). Of these 300 organizations, fewer than half, that is 128 associations or foundations, have received SIF funding exceeding 50,000 euros over a three-year period. For 55 organizations, SIF funding has exceeded 100,000 euros. These are 55 NGOs whose activities, without state and various European Union (EU) […]
Maxima and Rimi suspected of a prohibited agreement
The Competition Council has identified indications of a prohibited agreement between the two largest food retail companies, which have apparently not acted independently and have mutually coordinated the sales prices of goods, negatively affecting consumer interests, the council reports. The Competition Council does not name the retailers, but the term “the two largest food retail companies” leaves not the slightest doubt that Maxima is under suspicion […]