In 2025, Latvija registered the highest number of newly established companies and merchants in the last six years. According to data from the Register of Enterprises, a total of 10,445 new companies and merchants were founded, which is 12.07% more than in 2024, surpassing the 10,000 mark for the first time since 2019, according to data compiled by Citadele bank. Last year, 183 were registered in Latvija […]
The saying “Time is money” is one of the basic principles of the business world, and in Latvia’s business environment right now it is truer than ever. The dynamic work pace is reinforcing the trend for companies to promptly borrow the funding needed for project implementation and to repay it flexibly, using grace periods and other solutions. Data compiled by the business financer Cityfinances show that businesses seek to receive funding within a day and […]
After 23 years of operation, the company SIA cenuklubs.lv, which owns stores of the same name, is preparing to cease its activities, company board member Arnis Šķerbergs confirmed to Inc. More than 150 employees will lose their jobs. The entrepreneur did not wish to provide more detailed information. In the past, the company had four stores in Riga and one in Talsi. Now, according to the information available on the company’s website, it has only […] left.
With the achievement of the private investment attraction target, the venture capital fund manager FlyCap has started financing companies. After the completion of the first subscription stage, the total size of the fund is 42 million euros, which over the next five years will be invested in promising and growing Baltic companies. The fund’s financing consists of 24.8 million euros of public funding from the European Regional Development Fund and ALTUM, as well as […]
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 […]
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 […]
The manufacturer of impact-absorbing rubber surfaces RUBRIG has borrowed 1.13 million euros from Luminor Bank to expand its production line, in order to increase its turnover by two million euros over the next two years, which would be 75% more than the company’s turnover last year. The company was founded in 2015 with the aim of offering high-quality, safe and visually appealing rubber surfaces. The company […]
