News
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 […]
RB Rail officials’ insurance has become more expensive after the establishment of the Investigation Commission and, possibly, Baiba Rubesa’s visit to the Anti-Corruption Bureau
The officials, accountants, procurement committee members of AS RB Rail, the implementer of the Rail Baltica railway project, and their spouses have been insured since the very founding of the company in 2014, Inc. discovered after the previous publication. However, the cost of insurance has increased significantly, following certain events and, ultimately, also due to a reduction in competition among insurers. Considering that after Inc.’s previous publication part of the public has […]
Amber Beverage Group asks to support companies that support Ukraine
The alcoholic beverage producer Amber Beverage Group, which owes the state several million, is calling on the Latvian government and European institutions to support companies that, by expressing support for Ukraine, have suffered direct economic losses because of their stance. “Almost four years after the start of Russian aggression, Amber Beverage Group continues to bear the costs of our principled support for Ukraine and peace in Europe,” says Amber Beverage Group’s CEO […]
Wants to restrict solar panels on agricultural land
Members of the Saeima faction of the United List want to achieve amendments to the law “On Land Privatization in Rural Areas”, which would significantly restrict the placement of solar panels on agricultural land. Such a draft law has been submitted to the Saeima Presidium. According to the intention of the draft law’s author, Edgars Putra, it should be prohibited to install solar panels on agricultural land if its quality assessment is higher than 30 points and the solar panels would occupy […]
KFC has opened a new restaurant in Riga
The fast food restaurant chain KFC has opened its eighth restaurant in Riga. In the Baltics, this is already the thirtieth. KFC Baltics marketing manager Laura Linartaitė says that KFC in Latvia continues to enjoy strong brand engagement, which is also driven by changes in eating habits. “Latvia has truly grown fond of KFC. We see high brand loyalty and increasing interest in chicken dishes,” she says. […]
The solution for obtaining biometric data for Estonian e-residents will be developed by a Latvian company
Latvian software developer X Infotech has won the tender for developing a technical solution to capture e-residents’ biometric data using mobile devices, announced the Information Technology and Development Center of the Estonian Ministry of the Interior (SMIT). Starting from 2027, the application under development will allow e-residency applicants to securely confirm their identity using a smartphone app. Submitting biometric data via the mobile app will make e-residency […]
The EP freezes the Mercosur deal and asks the EU Court of Justice to review it. Normally, this type of procedure takes 18–24 months. What else can happen?
The Mercosur deal, or the free trade agreement between the European Union and South America, provides for free trade without import tariffs, and the situation around it is ambiguous. Supporters of the agreement believe that it will open up wide opportunities for EU producers to export their goods to South America. In this respect, the main beneficiaries could be car manufacturers from Germany and other countries. Meanwhile, opponents of the agreement are concerned […]
At Riga Central Market, rental fees have increased by up to 80%; home producers and local growers will suffer the most, and product price increases will follow
At the beginning of 2026, rental fees have increased for traders at the Riga Central Market, leaving tenants puzzled, Inc. learned at the central market. Checking the prices on the market’s homepage, it can be seen that rental fees for various points of sale increase differently from this year; however, the biggest rise has affected the gastronomy pavilion, where now as much as 79% more has to be paid. The “Rīgas nami” price list shows that the pricing for various […]
Artificial intelligence will facilitate communication between the Baltic republics
A new artificial intelligence (AI) technology platform provides speech-to-text and text-to-speech conversion, helping organizations automate various tasks in Latvian, Lithuanian, and Estonian. The Lithuanian artificial intelligence (AI) and biometrics technology company Neurotechnology, which specializes in deep machine learning solutions and high-precision biometric identification technologies, has unveiled a new artificial intelligence platform for natural language processing (NLP) tasks […]
71.25% of DelfinGroup now belongs to INDEXO
Upon completion of the mandatory share buy-back offer, IPAS INDEXO will acquire a further 1,862,021 AS DelfinGroup shares, which is 4.09% of the total voting share capital of DelfinGroup. As a result of the share purchase, INDEXO will acquire 1,765,588 DelfinGroup shares, or 3.88% of the company’s capital, while as a result of the share exchange, INDEXO will acquire an additional 96,433 DelfinGroup shares, or 0.21% of the company’s capital. The mandatory share buy-back offer was made following the voluntary […]