News
In Jelgava, concern about the harmful activities of Muciņš, the hospital director appointed without a competition
Among the medical staff of Jelgava City Hospital, concerns are growing about the actions of the temporarily appointed, non-competitively selected hospital director Rinalds Muciņš, which may significantly worsen the availability of hospital services for the residents of Jelgava and the surrounding region; moreover, his management style and methods are already undermining the team spirit and motivation of the medical staff. The conflict between the hospital’s management and the medical personnel has been simmering for quite a while […]
Latvia’s budget expenditures for sick leave are five times higher than Lithuania’s and 90 million higher than Estonia’s
Latvia spends 350 million euros per year on paying employees’ sick leave, while Lithuania uses only 70 million euros per year for this purpose, despite the fact that Lithuania has 40% more inhabitants, according to information compiled by LDDK. Such a huge difference arises due to the sick leave payment model. Thus, in Latvia the employee pays for their own first sick day, then 75% […]
A top 25 million euro residential design center
An unique project is being created in Riga – Aura Quarter, which will be the largest interior, design, and home furnishing retail quarter in the Baltics. It will unite more than 60 different brands and service providers, with the total area of the buildings in the first 2 stages of the quarter reaching 15,600 m², and the third stage will add approximately another 7,000 m². The total project investment amounts to 25 million euros, with financing provided by Bigbank. Aura […]
A historic deficit has begun in the computer components market
The memory shortage caused by the rapid development of artificial intelligence and data centers around the world has reached a historic level. In the business sector, computer hardware prices could increase by about 30% next year, while in the open market the rise is expected to be even sharper, an expert forecasts, pointing to significant challenges for clients in Latvia and abroad. In the global memory market, the shortage has become so great that […]
In an unfair court trial in Russia, Rietumu Bank may lose assets worth 16 million euros
The Moscow Arbitration Court on 2 December 2025 examined a civil case related to a claim by the Russian General Prosecutor’s Office against Rietumu Bank and other persons. The court of first instance has decided to satisfy the claim of the General Prosecutor’s Office. The Bank’s regulatory capital may decrease by approximately 4 million EUR. Considering that this is a decision of the court of first instance, the Bank will appeal it in accordance with the procedure prescribed by law, defending […]
INDEXO Bank’s loan portfolio exceeds 50 million euros in November
By the end of November, AS INDEXO Bank reached its highest total loan portfolio volume so far – 50.5 million euros, issuing new loans in the amount of 6.3 million euros over the last month. Market transaction statistics show that since August of this year, 70% of all mortgage loans refinanced in Latvia have been refinanced specifically at INDEXO Bank. At the end of November, the number of INDEXO Bank’s clients […]
A “non-hallucinating” artificial intelligence assistant for teachers has been created
A platform specifically designed for the learning process has been developed – the Letonikas Skola tool, where teachers can create their own learning assistants and provide them with the necessary information by uploading digital versions of textbooks, literary works, or other materials. Using this content, the learning assistant can quiz students, answer their questions, prepare self-assessment tests, as well as evaluate their results, informs […]
3 things Delfi doesn’t tell you…
At the time when I worked at the Ministry of Economics and saw how politicians acted and then publicly said something completely different, deliberately distorting information, sometimes the level of manipulation was such that I could not even believe it was possible at all. I tried to understand whether a particular person did this out of conviction, defending certain interests, or really did not understand […]
Žiemelis: the opportunity to be the first is very attractive
The Dublin-based Avia Solutions Group is the world’s largest ACMI (aircraft, crew, maintenance and insurance) services provider. The group operates in more than 70 countries and has offices in Lithuania, Dubai, Dublin and other cities worldwide. The group consists of more than 200 companies that provide a wide range of aviation services, including aircraft maintenance and repair (MRO), […]
Revolut’s valuation has reached 75 billion USD
Today, the financial technology company Revolut announced the completion of a share sale, valuing the company at 75 billion USD. The 75 billion USD valuation is supported by strong business momentum and solid financial results. Revolut’s 2024 revenues increased by 72% to 4.0 billion USD, while profit before tax rose by 149% to 1.4 billion USD. This trend continued […]