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 700 MEUR and the Norwegian Chamber has 110 members. We facilitate professional networking, exchange of experiences, provide relevant information and promote Norwegian companies, competence and business values. Members are invited to 35 annual business and social events with interesting topics, speakers, companies, stakeholders and networking opportunities. Please contact me to hear more about us and the value of membership. The film highligts our investments, industries, companies and experiences in Latvia.  

Our Corporate Members

NCCL News

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The Payment House and Gruppereiser.no joins as new members

We warmly welcome the payment solution provider The Payment House as new Silver member and accounting and Travel agency Gruppereiser.no as new Bronze member. .. Read more >

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Short video on the most significant tax changes as of January 2018

1 January 2018 Latvia introduces new tax laws. COBALT Latvia has made a short informative video of the most significant changes.  .. Read more >

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New Norway Export Publications available

Interested in the Norwegian market? Order a copy of Norway Export Publications for the following industries: Norway Exports Oil & Gas, Norway Exports Maritime or Norway Exports Seafood, Fishing & Aquaculture Click here to order .. Read more >

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Updates from FICIL Work Groups

Here is a short update on the work of the the following FICIL work groups: Digitalisation, Labour Force issues, Health issues, Tax Policy and Administration and Intellectual Property Protection:.. Read more >

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LIAA is seeking new Head of LIAA Representation office in Norway

Investment and Development Agency of Latvia is looking for candidates for the new Head of LIAA office in Norway. More information about the position here.. Read more >

letaNews

46% of Latvians feel financially vulnerable

As many as 46 percent of Latvia's population feel financially vulnerable, according to a survey by SEB Banka carried out in all three Baltic states. The survey showed that Estonians feel most financially secure. In Estonia, 45 percent of respondents said they were satisfied with their current financial situation, considering income, expenses and liabilities. In Lithuania, 24 percent were satisfied with their financial situation while in Latvia the rate was just 22 percent. Latvia also had the highest rate of people unhappy with their current financial situation - 46 percent, as opposed to 37 percent in Lithuania and 27 percent in Estonia... Read more >

Foreign investments in Latvia keep shrinking

Foreign investors continue reducing their investments in the share capital of companies registered in Latvia, according to a survey by Lursoft company based on the data of the Latvian business register. The balance of foreign direct investments in the share capital fell by EUR 81.15 million in the first ten months of this year to EUR 7.19 billion or the same level as recorded in 2013. .. Read more >

Government decides not to merge LMT and Lattelecom

The Latvian government yesterday decided not to support the proposed merger of Latvijas Mobilais Telefons (LMT) and Lattelecom telecommunications companies. As reported, the Economics Ministry had submitted to the government a report on further actions regarding the state-owned holdings in Lattelecom and LMT. .. Read more >

Discussions to continue about hiring qualified labor from third countries

 The Cabinet of Ministers committee decided today to continue discussions about the Economics Ministry's plan to facilitate hiring qualified labor from third countries, and further discussions will also have to consider hiring less-qualified labor. During the meeting today, the Cabinet committee reviewed the Economics Ministry's list of professions where major labor shortages are expected and where jobs could be offered to professionals from third countries... Read more >

Share of unreported wages in private sector reached 21.6% in 2016 - Revenue Service

 The share of unreported wages in the Latvian private sector made up 21.6 percent in 2016, down 1.1 percentage points from a year before, Natalija Filipovica, tax administration head at the State Revenue Service, told journalists today. Among payers of microenerprise tax, the share of unreported wages was 28 percent... Read more >

Latvia slips to 19th place on Doing Business index

Latvia has dropped five positions on the Doing Business index this year, taking 19th place among 190 countries covered by the World Bank's annual survey. Last year, Latvia was ranked 14th best country in the world for doing business. Meanwhile, Lithuania has climbed to 16th place from 21st place and Estonia remains in 12th place like last year... Read more >