News

The First-ever 5G Policymakers' Hackathon Announced
The first 5G policymakers' hackathon will be held on November 26-27 in Riga, Latvia, during the 5G Techritory Forum. The hackathon will bring together participants from businesses, mobile...
Decisionmakers to set the European 5G agenda in the Baltic Sea Region
On November 27-29, 2019 in the Baltic capital of Riga, Latvia, 5G policymakers, heads of major industry organisations, and business leaders from Europe, the USA, and Asia will gather for one of the...
Government and FICIL agree on the priorities to improve the business environment: university governance and solutions to the problem of labour shortage
On Friday 31 May, during the High Council meeting of the Cabinet of Ministers of Latvia and the Foreign Investors' Council (FICIL), the government and investors agreed on the most important...
Riga Airport Welcomes its First Flight from Korea
On Friday, 24 May, Riga Airport solemnly welcomed the first direct commercial charter flight from Seoul, the capital of South Korea. The flight was operated by Korean Air and organised by one of...
Latvian technology giant LMT has been nominated for a prestigious mobile award
LMT Home Smart TV, a product by LMT which is one of the biggest technology communication companies in Latvia was nominated for the prestigious Global Mobile Awards 2019 (GLOMO Awards). While the...
Start-up companies have attracted more than EUR 300 million in investments since 2012
Start-ups in Latvia have attracted more than 300 million euros since 2012, according to the Ministry of Economics of Latvia. As of January 2019, there were 418 start-up companies registered in...
Latvia triumphs at the International Business Services Center Award
As the global business service centers (GBS) sector is rapidly developing in Latvia, the country took home three titles this year from the CEE Shared Services & Outsourcing Summit & Awards...
The Latvian start-up company Anatomy Next is partnering with NATO
The Latvian start-up Anatomy Next, which has gained recognition in Latvia and the United States, together with researchers from the Riga Stradins University Military Medicine Research and Study...
airBaltic is the most punctual airline in Europe
Latvian airline airBaltic has retained its place as the most punctual airline in Europe and is the second most punctual in the world according to the OAG analysts. The leading global provider of...
Baltic Bioethanol to invest 150 million euro in Bauska
Baltic Bioethanol, an advanced biofuel developer, is planning to build a factory in the industrial park of Bauska, a city in Latvia. Based in the neighbourhing country of Estonia, the company plans...
Latvia’s GDP growth in Q3 posts at high 4.8%
The latest flash estimate of the Central Statistical Bureau (CSB) shows that, compared to the 3rd quarter of 2017, in the 3rd quarter of 2018 gross domestic product (GDP) value increased by 4.8 %...
Two foreign films featuring Mickey Rourke, Scott Adkins and Al Pacino to be shot in Latvia
Shooting of feature films Warhunt and Pinocchio, which feature Mickey Rourke, Scott Adkins and Al Pacino, will get under way in Latvia later this year. The movie production is partnering with the...
Latvia remains in the high 19th place on the Doing Business index
Latvia maintains its high 19th place among 190 countries on the latest Doing Business index, according to the publisher of the index World Bank. On the list of European Union countries Latvia places...
German retail Lidl begins to construct logistics center in Riga
On October 19, the German retailer Lidl laid the foundation for a new logistics center in Riga. The company is investing over €55 million euro with €42.5 million in construction while a...
Latvian machine translation company Tilde wins top translation competition
The latest machine translator developed by the Latvian company Tilde won the international machine translation competition at the Conference on Machine Translation (WMT2018) and was recognized as the...
Riga ranked as 10th greenest city in the world
Latvia’s capital city Riga has been named the world’s 10th greenest city, according to the latest Green Cities Index by TravelBird portal. According to the index, green areas makes up...
Real estate company Sirin Development expanded its sites and activity in Latvia
One of the largest industrial and commercial real estate companies in the Baltic States - SIRIN DEVELOPMENT, has successfully concluded land purchases in Maskavas street (Riga) and expanded its sites...
Latvia showcases its innovation at the UN’s General Assembly
Together with it’s Baltic neighbours, Latvia showcased select innovative products at the inaugural exhibition ‘’Creativity and Innovation Inspired by Nature’’ on display...
Anatomy Next offers Virtual Reality Anatomy Education
Anatomy Next, a Latvian startup which provides digitalized and interactive anatomy education for medical students, has teamed up with Microsoft and the University of Washington to bring their pilot...
In the Baltics, the Youngsters with Most Eagerness to Start a Busines are Found in Latvia
Young people in Latvia (ages 18-25) are more likely to be interested in starting their own business than youngsters in other Baltic countries, according to the SEB Banka’s survey. Thirty-six...
Riga Airport Sets Another Record of Passengers Served in 2017
05.01.2018. Riga International Airport reached another record number of passengers served in 2017 – on December 28, the Airport welcomed its six millionth passenger. Lithuanian Egle...
Latvia places third among OECD’s member states for tax competitiveness
Latvia’s tax system ranks third among those of the Member States of the Economic Cooperation and Development (OECD), according to the organization's latest "2016 International Tax...
Pondering Brexit, optimistically looking into the future
The Brexit vote in early summer and US elections in late autumn have shaken up the investor communities around the world. The argument goes that in today’s globalized world no one can escape...
Latvian company produces the fastest ultra ultraweight aircraft
‘’Be fast or be the last’’ is the motto of Pelegrin, a Latvian aircraft manufacturing company in Ādaži, on the outskirts of Riga. Founded in 2010 by avid aviation...
Latvia passes a new law that provides special support for startups
On November 23, the Latvian parliament passed a new start up law that creates a favorable tax regime for startups. The law foresees two tax plans: a special flat tax regime, currently 252 euros/month...
iCotton to build a new production facility
Italian-Russian joint venture in Latvia, iCotton plans to build a new 10,000 square meters production facility in Liepaja, according to the company’s CEO Sergey Binkovskis. The building the...
17 million Hi-Tech Park to be built next to Riga Airport
Plans are in place to develop a hi-tech science park next to the Riga International Airport. The development project will cost 17 million euro, and financing for it also comes from the European Union...
Latvian IT company’s program used to store data in the cloud
Latvian IT company Knowledgeprice.com has helped the British bank OakNorth to become one of the first banks in the UK to store its basic systems in the cloud. British financial supervisors and...