News
Agrova International acquires an egg producer in the United Kingdom for 40 million
AS Agrova International, which is the parent company of AS APF Holdings (Nasdaq Riga: EGG), under the leadership of its founder Jurijs Adamovičs, has acquired 100% of the shares in the UK egg production and distribution company Sunrise Group, which unites Sunrise Poultry Farms and Sunrise Eggs Holdings. The total value of the transaction is 40 million euros, making this one of the largest foreign acquisition deals by Latvian companies in recent years. […]
The State Audit Office might have difficulties auditing the MAF, because the State Auditor’s wife is involved in evaluating media projects
“Ploka was driven to despair by all of this. She had turned to the State Audit Office with a request to carry out an audit of the SIF. Zaiga [Pūce–ed.] left and that was a good moment. The State Audit Office said “no”, and I think that one of the reasons is that Zitmane is the wife of the Auditor General. If they start digging there, it may turn out that she is there […]
SRS data show that dental prosthetists earn less than nurses
A dental prosthetist is one of the lowest-paid professions in dentistry; prosthetists often earn less than their assistants, dental technicians, or nurses. Such an absurd conclusion could be drawn when looking at the State Revenue Service (VID) data on average hourly rates in dentistry. Experts, however, say that the shadow economy in this segment is to blame, as it has been very high for 30 years already. A little more […]
The penalty imposed on Maxima has not yet disciplined the other retailers
The fine imposed by the Competition Council on the retailer Maxima Latvija for unfair practices has so far not affected retailers’ attitudes toward food product suppliers. This has been observed by the association Farmers’ Saeima, which had also not expected rapid changes in the relationship between suppliers and retail chains. “Maxima is not the only retail chain, and the fact that the fine was imposed on Maxima does not mean there is only one guilty party, […]
APF holdings will be transformed into Agrova Baltics
Joint stock company APF Holdings, which includes one of the largest poultry and egg production companies in Latvia, Alūksne Poultry Farm, will change its name to Agrova Baltics, according to the company’s announcement to the Nasdaq Riga exchange. The company has convened an extraordinary shareholders’ meeting, which will take place on December 10. The name change is related to the fact that its largest shareholder, Jurijs Adamovičs, at the beginning of the month established a new food production […]
A new exchange in the electricity market promises greater competition
Transmission system operators (TSOs) of the Baltics, together with partners, have implemented a solution that allows multiple power exchanges to operate in the market, informs AS Augstsprieguma tīkls (AST). Competition between power exchanges will provide benefits to market participants by ensuring a wider range of options and better services. On 25 November, a new operator – EPEX SPOT – will start operating in the day-ahead market in Estonia, Latvia, and Lithuania. […]
Without MAF support, it’s possible that even the government would have changed…
Without funding from the Media Support Fund (MAF), many commercial media owners would have to subsidize them from their other businesses in order to maintain their own and their affiliated politicians’ influence in the regions and in the country. I reached this conclusion while studying funded media projects over a period of three years.
As it expands, Grenardi begins operations in the Czech Republic
Latvian jewelry retailer Grenardi Group continues its expansion outside the Baltics. By investing almost 3.5 million euros, the company is entering the Czech market, opening two jewelry stores on the main shopping street in Prague, the company reports. On November 14, a shop-in-shop format store will open its doors, combining both the globally recognized Italian jewelry brand Damiani salon and the already familiar Grenardi for Baltic customers with its wide […]
Those involved are worried about the elimination of the “trough”
“The Civic Alliance–Latvia is concerned about the ZZS proposal to liquidate the Society Integration Fund (SIF),” such a report appeared four days ago in the Latvian Public Media. In the organization’s view, such a proposal can be regarded as an attempt to weaken civil society, participation, and the independent mass media environment, as it fits into a broader trend of restricting democratic processes in Latvia. Inc. investigated what the Civic Alliance intended by this […]
SIF spends more on maintaining the institution itself than on media, NGO and family support programs combined
Should the Society Integration Foundation (SIF) be liquidated? This question has surfaced on social media after the Union of Greens and Farmers submitted a proposal in the Saeima to liquidate it. Inc. looked into how SIF spends the budget funds that are allocated to this organization every year; in 2025 this amounts to 37 million euros. An interesting picture emerges – SIF not only for maintaining the institution itself SIF […]