Ownership rights and decision-making power in the largest companies in the financial sector allowed Forbes magazine to rank Maksims Mališko in the “40 under 40” list of success stories in finance. Although Maksims is not yet 40 years old, he has already achieved a lot in his career. Source of publication: Forbes Latvia, August 2021.
In the first quarter of this year, according to the Solidarity Contribution Law, Latvian commercial banks have paid more than 30 million euros into the state budget. Swedbank has paid the most and, objecting to this regulation, has appealed to the Constitutional Court. The annual reports of Latvian banks show that banks tried to increase their loan portfolios already last year, when the government spent the whole year discussing the Solidarity Contribution Law and adopted it at the end of the year […]
With the Ministry of Finance coming forward with the idea to abolish the legal prohibition on privatizing “Latvenergo” and “Latvijas Valsts meži”, the issue of organizing a referendum to prevent the privatization of these companies is again being raised. In the heat of debate, some even mistakenly recall that this question was once decided by a popular vote. However, claims that the people have already prohibited the privatization of “Latvenergo” and that therefore nothing like this is any longer […]
Whatever it may be, it is summer and this is vacation time, a period to switch off from work and recharge for the next stage. However, we do not know how to do this or cannot afford it, according to a study. The majority, or 86% of employees in Latvia, admit that during their vacation they answer phone calls related to work, and 37% do this always, if […]
A study carried out in 2022 predicted that by 2030 there could already be five “unicorns” in Latvia, meaning companies valued at one billion USD. Three years on, we still have only one, however – in order to move closer to this goal, members of the Latvian business angel network have jointly invested 500 thousand euros in the Latvia-registered venture capital funds Buildit VC and Outlast Fund. It is possible that this – […]
It’s called Bitchat and is based on “Bluetooth mesh network” technology. Twitter co-founder Jack Dorsey has developed a new messaging app which, according to him, does not require an internet connection or phone numbers. This apparently reflects the entrepreneur’s passion for decentralized technologies, writes Inc.com. On Sunday, Dorsey wrote on X that he had been exploring “Bluetooth mesh networks” over the weekend […]
At the end of 2020, the company “SOAAR” developed the Electronic Online Voter Register (ETVR system), which was used to conduct the 2021 municipal elections and the 2022 Saeima elections. The Prosecutor’s Office has thrown the evidence into the trash and claims that the ETVR does not exist. The 14th Saeima elections had concluded, the votes had been counted, and the new Saeima convened for its first session on the first of November 2022. Exactly one week later, with the Internal Security […]
“Young people only talk about a green lifestyle on social media; we don’t see them in our store,” says Eco Baltia Vide chairman of the board Jānis Aizbalts. At the beginning of the year, the company he heads opened the store “Lab!”, where you can find electrical goods that previous owners had thrown away but that the company’s craftsmen have repaired again. Worldwide this is a business worth billions. Aizbalts says that the average customer in the store is around 50 years old […]
Speculation about a robot revolution may sound like science fiction, but it is a reality among e-commerce giants. Almost as many robots as humans are already working in Amazon’s warehouses. The online retailer Amazon has just revealed some interesting information concerning the operation of its vast global warehouse network. The e-commerce giant has deployed more than one million robots in its huge warehouses. Amazon claims that it […]
A large proportion of people who work remotely do not hide that they sometimes allow themselves a little nap during working hours. But most often, it is managers who admit to napping at the employer’s expense. The original article is available on Inc.com. The article has been translated with the help of artificial intelligence, but it has been edited by an editor. During videoconferences with their remote employees, employers might find it useful to pay attention to sleepy faces, carelessly arranged […]
