Welcome to the Norwegian Chamber of Commerce

NCCL is a non-profit, non-governmental membership-based business association for companies with Norwegian - Latvian share capital, management or cooperation. Norway is one of the largest investors in Latvia with over 500 MEUR and the Norwegian Chamber has more than 100 members. Members are invited to regular business and social events with interesting topics, speakers, companies, stakeholders and networking opportunities. We facilitate professional networking, exchange of experiences, provide relevant information and promote Norwegian companies, competence and business values. Please contact me to hear more about us and the value of membership!  

Our Corporate Members

NCCL News

img

Mr. Lundgrenn re-elected as the Chairman of NCCL, Mr. Kukainis to join as Vice-Chair

On Thursday, April 11, the newly-elected NCCL board met for the first meeting after the AGM and from among the board members elected the Chairperson and Vice-Chairperson of the board. We are proud to announce that Alf Erik Lundgrenn (Nordic Invest) will continue to lead the organization for the fifth year in a row. He will be assited by the Vice-Chairman Matiss Kukainis from Spīgulis & Kukainis Law Firm, who was re-elected during the AGM last Thursday... Read more >

img

New representatives joining the NCCL board

With 58 NCCL member company representatives attending in person, the 2019 Annual General Meeting was concluded yesterday at the Radisson BLU Hotel Latvija. The meeting was opened by the NCCL Chairman of the board Alf Erik Lundgrenn and the Ambassador of Norway Kristian Ødegaard. The keynote speech was given by Anne Cecilie Kaltenborn, CEO, Norwegian Federation of Services Industry and Retail Trade, outlining developments and challenges in service and retail sectors. To see a gallery of pictures from the AGM, visit our Flickr account!.. Read more >

img

Welcome CSR-Latvia as our New Bronze Member

Help us welcome CSR-Latvia as our new Bronze category member! CSR - Latvia is a stakeholder platform of responsible business Latvia, which supports businesses in implementing sustainable and responsible business practices and evaluate thei rimpact according to global and local community context. .. Read more >

img

Opening of the 3rd edition of Biznesa Ekonomika

On April 3, the Riga Technical University with the support of the Embassy of Norway organized an opening of the 3-rd edition of the book "Biznesa Ekonomika" by Kjell Gunnar Hoff, the Honorary Doctor of RTU... Read more >

img

Is your company ready for the new Whistleblower Law?

Is your company ready for the new Whistleblower Law? Do you know what the regulation entails? Check out the video from the conference "Is Latvia ready for the Whistleblowers Law? New rules and best practices", which took place at the Riga Business School on March 28, 2019 exploring the impact of the new Whistleblowing law on the public and private institutions. .. Read more >

letaNews

Violations of tax laws will carry higher fines

The Finance Ministry has completed work on a set of amendments to the Law on Taxes and Duties, which stipulate harsher penalties for tax violations. The amendments propose adding a new section to the law that will deal with administrative violations of tax laws, and the authorities that will oversee applying administrative fines... Read more >

Fitch affirms Latvia’s rating at 'A-'; outlook stable

Fitch Ratings agency has affirmed Latvia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A-' with a Stable Outlook, the ratings agency informs. Fitch cited Latvia's solid public finances, as well as institutional resilience and reliable political structure ensured by members in the European Union and the euro area as the main factors supporting Latvia's high credit rating... Read more >

State Audit Office criticizes cash register reform

There are no preconditions ensured for successful completion of the cash register reform in Latvia, said State Audit Office in its report. According to the State Audit Office, the five-year long cash register reform does not have an action plan or final deadline. The auditors also find a number of deficiencies in the reform that hindered successful completion of the reform... Read more >

Latvia's A/A-1 ratings affirmed; outlook stable - S&P

S&P Global Ratings has affirmed its A/A-1 long- and short-term foreign and local currency sovereign credit ratings on Latvia. The outlook is stable, the ratings agency informed... Read more >