News
BlockBen will issue the first cryptocurrency in Latvia
The financial technology company BlockBen, which very recently received a license from the Bank of Latvia to provide crypto-asset services, will issue the first patented cryptocurrency CrowdX in Latvia and the European Union for the crowdfunding service provider SIA CrowdedHero. This cooperation marks a new era for blockchain-based crowdfunding in the European Union, since in Latvia no such token has been issued so far – neither before nor after […]
1 of 1000: An innovative Latvian technology company joins a prestigious European programme
The Latvian innovation startup SIA P-Agro Minerals was the only company from Latvia to be included in the European Commission’s Women TechEU programme, where only 40 out of 1107 applicants received funding of 75,000 euros – surpassing the 4% success threshold. Women TechEU is a two-year European Union funded initiative that supports women – founders and managers of knowledge-intensive companies across Europe. The aim of the programme is to create gender […]
Insurer BTA’s profit in nine months has reached 9.66 million euros
The non-life insurer BTA Baltic Insurance Company (BTA), which operates with branches in Lithuania and Estonia, posted a profit of 9.664 million euros in the first nine months of this year, which is 6.2% more than in the corresponding period last year, according to the information published by the company. In gross insurance premiums, BTA signed a total of 262.874 million euros in the Baltics in the first nine months of 2025, which is 9.9% more […]
3.5 million contraband cigarettes discovered on the Belarus border
Officials of the State Revenue Service (VID) Customs Board, while carrying out customs controls on Latvia’s border with Belarus, in cooperation with colleagues from the Tax and Customs Police Board, prevented the smuggling of 3,502,000 cigarettes. The cigarettes were hidden in sealed metal buckets, under sawdust that had been poured into them instead of the declared goods – hand-washing products. In total, the cargo contained 175,100 packs of various brands of cigarettes. […]
How to properly arrange gifts to obtain the blessing of the Anti-Corruption Bureau? A brief guide for lovers of “gratitude.”
Once the president of a country’s central bank went on a hunting trip to Kamchatka and later stated in court that the photograph in which he is sitting in what was then a highly respectable company had been doctored. He could have avoided these troubles with the photographs, prison, and legal expenses if only… he had arranged this trip as a business visit. This, by analogy, can be inferred from a certain Inc. […]
When SIF is not enough…
Then the Asylum, Migration and Integration Fund (AMIF) can also be used. In Latvia, the authority delegated for this fund is the Ministry of Culture. The managing authority of the fund is the Ministry of the Interior, while the auditing authority is the Ministry of Finance. This fund is mainly financed from European Union resources; however, it also requires national co‑financing, which makes up 25%. “The general objective of the project is through […]
A loan of 19 million is granted for the further development of the Verde office complex
Rietumu Bank has issued a 19-million-euro loan for the further development of the Verde business quarter (1 R. Hirša Street, Riga), which envisages the construction of a new C building in addition to the two existing ones, where office space is already fully leased. The new stage of Verde’s development is expected to be completed in the second quarter of 2027. Verde is being developed by the investment management company Capitalica Asset Management, […]
Fokker’s hydrogen plans in Latvia fizzled out along with Gauss’s dismissal
At the beginning of the week, Fokker Next Gen Latvia, which had previously announced that it would start work on the development of hydrogen aircraft engines in the Liepāja SEZ, initiated a liquidation process. The company’s management is not providing comments on this decision, but Inc. has obtained information from unrelated sources indicating that, among other things, the grand project has fallen through because the head of the national airline, Martin Gauss, left his position. One of Fokker […]
The woman beater continues to receive Michelin recognition
The restaurant owner who once, shortly after receiving recognition from the Michelin Guide, beat up a female guest in the pub did not keep his promise to step down; on the contrary – he became the sole owner of the company, consolidating his position. Shortly after the Michelin Guide 2024 awards were announced, social networks and online news sites were flooded by a video showing how Murad Juško, co-owner of COD, a restaurant included in the list of Michelin-recommended venues, […]
The first private artificial intelligence supercomputer cluster in the Baltics has been created
The domestic technology company Datakom and its specialized artificial intelligence department AI Datacenter Engineers have created the first private high-performance supercomputer cluster designed for running and training artificial intelligence models, informs Jūlija Pīlēna, Datakom’s marketing manager. The Datakom supercomputer cluster consists of a combination of two devices that reach a capacity of two petaflops. This means that this device every second […]