Thursday, April 16, 2026

Headlines

In Riga you have to reckon with some of the highest car parking rates in the Baltics: we even surpass Tallinn

Although Tallinn is often considered the most expensive capital in terms of parking, a comparison with the tariffs set by the Riga municipality shows that our capital has surpassed this benchmark. Parking in the center of Riga and in the Old Town has become a significant expense item for drivers. For example, the first hour in the Old Town costs 5 euros, but each subsequent one – already 8 euros, which means that for […]

Despite the declared winner, in three Riga schools children will be catered without a tender by “Baltic Restaurants Latvia”

“Contracts have been concluded with caterers in all Riga schools” – with this announcement on Thursday, August 28, came Riga Vice Mayor Vilnis Ķirsis and the acting director of the Department of Education, Culture and Sports, Ivars Balamovskis. However, they did not specify whether the contracts were concluded with the winners of the procurement or with someone else. Inc. already wrote at the beginning of August that, due to the sluggishness of the Riga City Council, there was a risk that several […]

Viada will become more attractive to drivers: It will also be possible to charge electric cars

In Latvia, the financially least successful fuel station owner – Viada joint stock company – has been given a chance for a boost by Latvenergo. The companies have agreed that by 2030, 134 Elektrum Drive charging points for electric vehicles will be installed at 55 of Viada’s 101 fuel stations. Company representatives made this announcement while opening the first electric charging station in Jēkabpils, at 6 Varoņu Street. Four are already available there […]

New opportunities for those rejected by banks: Flow has received authorization for crowdfunding

For new entrepreneurs who are often refused the necessary start-up funding by banks, there is now another option – the supervisory committee of the Bank of Latvia has granted SIA Flow permission to provide crowdfunding services. Now there are already five companies offering such services. Flow is registered in the register of crowdfunding service providers with the right to facilitate the granting of loans and to offer, through crowdfunding […]

State budget: in ten years there has not once even been a planned reduction of budget expenditures

Over the past ten years, the state budget has never once included a planned reduction in expenditures, and the government has also never been able to plan the budget realistically. Every year the state has spent 1.5 to 3.6 billion euros more than was planned when preparing and adopting the state budget, according to data from the Saeima, the Ministry of Finance and the State Treasury. The Cabinet of Ministers has now once again […]

Riga City Council is delaying the delivery of the harvest to the port: Officials are not heeding even the call of the President of the State

Despite the fact that the Cabinet of Ministers has declared a state of emergency in agriculture, the Riga City Council, contrary to the usual procedure so far, has rejected the request of the Farmers’ Saeima to allow heavy vehicles carrying grain and rapeseed to the Port of Riga to move along designated routes around the clock. Officials performing various control functions have also not heeded the President’s call not to disturb farmers with their presence at this time. The Farmers’ Saeima […]

LINEN receives a MIGA political and financial risk insurance guarantee for work in Kenya: it ensures investment security

The Latvian company LINEN has become the first Latvian company to be granted a political and financial risk insurance guarantee by a World Bank entity – the Multilateral Investment Guarantee Agency (MIGA) – for an international investment project in Kenya. MIGA’s support will be used to implement a 9 million US dollar investment project in Kenya, expanding the company’s operations in the logistics of animal feed raw materials and […]

Indexo and DelfinGroup are allowed to merge: Both will benefit

The Competition Council has adopted a decision to allow the merger, with IPAS Indexo acquiring decisive influence over AS DelfinGroup. IPAS Indexo, which is the parent company of the Indexo financial services group, is currently preparing to make a voluntary share buyback offer to the shareholders of AS DelfinGroup with the aim of obtaining a majority in the company’s capital. In addition to the approval of the Competition Council, the making of the offer still requires the consent of Indexo’s shareholders and […]

Revolut becomes more family-friendly: Two paid plans, one reduced price

The global financial app Revolut, which has more than 400,000 users in Latvia, today announced the launch of a new program – Duo – in Latvia. The new offer allows two users to enjoy all the benefits of a Revolut plan at a reduced total price, providing premium-level features while maintaining the autonomy of each individual account. Revolut Duo is intended for family members or partners who want to share […]

Bank Citadele issues a loan worth almost 4 million for the purchase of an office building: The new owner will not evict the tenants

The archive services company SIA Unistock has received a 3.9 million euro loan from Citadele Bank for the purchase of the historic, office-adapted building at 11 Raiņa Boulevard in Riga. The new owner – Australian citizen Pavel Kurilov – has no intention of changing the use of the building. The building will retain its current function – it will continue to be a rental property for various offices and services. At present it […]