Thursday, April 16, 2026

Headlines

Latvian Codex takes over Norwegian Visma Consulting: More employees will be needed

Latvian information technology systems programming company Codex Ltd. has completed a merger with Visma Consulting Ltd., a Visma Group company previously owned by a Norwegian firm. After the merger, Codex has obtained sole decisive control over Visma Consulting and has established a new subsidiary, Digitex Ltd., with a new management board and registered office. As a result, the client base has expanded and the company’s market share has increased […]

Those living next to aggressor states want a special law for themselves: Without it, the border region will die out

A special law to ensure the operation of municipalities in the eastern border area is not only to be supported, but is necessary. This is the view of the heads of the borderland municipalities. The idea of the need for such a law was put forward by the Chairman of the Latvian Association of Local and Regional Governments, Gints Kaminskis. He acknowledged that people, of course, live throughout Latvia, but in the border area one has to face enormous challenges in providing services. In addition, the specifics of the region must also be taken into account […]

In five years, Tet wants to become a “unicorn”: will develop data center infrastructure

In the next five years, the Latvian telecommunications company Tet plans to become a “unicorn”, that is, to reach a company valuation of one billion euros, the company’s Chairman of the Board Uldis Tatarčuks said at the “Tet Vision 2030” presentation event. “Tet is Latvia’s digital heart, beating with values, responsibility, and a desire to help. We combine humanity with technology to create solutions that are alive […]

In the border area, there is concern about the purchase prices of properties needed for arranging the border: Thousands of hectares will have to be bought back

The proposal by President Edgars Rinkēvičs to expand the Eastern border strip by 30 meters means adapting at least 1,344 hectares for this purpose – buying back private property, cutting down forests, ploughing the soil. To make the border area safer, it will also be necessary to buy other properties from their owners. Due to a lack of information in the border region, this has already caused concern among residents, who are hoping for fair compensation, yet there is no information about it. […]

Owners of the military industry are not being anonymized yet: The government’s decision took 17 months

After 17 months of bureaucratic activity, the Cabinet of Ministers has criticized and rejected the initiative of the Saeima Defence, Internal Affairs and Corruption Prevention Committee to anonymize the board members and beneficial owners of the Ministry of Defence’s strategic partners, yet has not offered its own solution for their protection. The head of the responsible committee, Raimonds Bergmanis, believes that entrepreneurs in the military industry who have concluded supply contracts with the Ministry of Defence […]

An employee will be able to leave without notice if the salary is delayed by two weeks: severance pay will have to be paid

An employee whose salary payment is delayed by at least two weeks will be able to terminate the employment contract immediately with the right to receive severance pay, according to amendments to the Labour Law that have reached the Cabinet of Ministers. Although the amendments still have to be examined by the Saeima, this is one of the planned changes on which there is conditional consensus, namely, both trade union representatives and employers have managed to agree on it […]

Process over everything: after year-long discussions, the ministry submits a different draft law version for consideration

For almost a year, ministries and social partners discussed amendments to the Labour Law, but the Ministry of Welfare is bringing to the government meeting a previously unseen version of the draft law. For almost a year, ministries and social partners gathered in the Human Capital Development Council (CAP) to agree on amendments to the Labour Law. A compromise agreement was reached, but the Minister of Welfare Reinis Uzulnieks (ZZS) has submitted a completely different, previously […] for consideration by the Cabinet of Ministers (MK).

The national airline will have a new destination available – Riyadh: The strategic investor is also resuming flights

With the national airline airBaltic’s strategic investor Lufthansa resuming direct flight connections with the capital of Saudi Arabia, Riyadh, Latvia is also ready to open such routes. In the autumn, a representative of the Ministry of Transport will sign an agreement that will create a legal basis for such flights. The company announced on August 11 that Lufthansa is resuming the direct air connection with Riyadh that was discontinued in 2017. Meanwhile, tomorrow, on the 19th, […]

Experts note the Ministry of Finance’s inability to think long-term: several goals have already been met or cannot be achieved within the specified timeframe

The Ministry of Finance has submitted the FinTech development strategy for public consultation, which is in fact already outdated and does not correspond to the situation in real life, Inc.Baltics has found. The entire sector supports the development of the FinTech strategy as a document to adhere to and use for setting goals. Experts from the Riga Business School think tank “Baltic Finance Center” of Riga Technical University even took the initiative last year and, using the European Commission’s Recovery and Resilience Facility […]

Tax debtors will be allowed to participate in public procurements: To win, however, the debt will have to be paid

When reforming the public procurement system, the Ministry of Finance reviewed the conditions for excluding bidders and decided that, once the Saeima approves the drafted bill, tax debtors will also be allowed to participate in future procurements. However, in order to win a tender, the debt will still have to be paid off on the day the decision is made. At present, there are 12 mandatory criteria applied to bidders which, if not met, prevent a bidder from being admitted to the tender. According to the planned reform, there will now be […]