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 700 MEUR and the Norwegian Chamber has over 100 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



New NCCL Board elected: congratulations to Gerhard Erasmus, Matiss Kukainis and Antra Zalite

Congratulations to the new NCCL Board elected on March 7:   • Alf Erik Lundgrenn, Chairman (Nordic Invest) • Dace Paegle, Vice Chairman (Business Park Ogre) • Sinde Beathe Fure (DNB Shared Services Centre) • Knut Kvisvik (RigaNorge) • NEW Gerhard Erasmus (Radisson Blu Hotel Elizabete) • NEW Matiss Kukainis (Law firm Spīgulis & Kukainis)  • NEW Antra Zalite (Visma Enterprise Latvia & Visma Consulting Latvia)  • Agnese Cimdina (Norwegian Embassy representative) More information about the Board and the Board members    .. Read more >


We welcome 4 new members

We warmly welcome Hotel Park Inn by Radisson Riga Valdemara, Baltic Beach Hotel & Spa, Handelsbanken Latvia and Norwegian author of children´s books Cecilie Lanes as new members. .. Read more >


Leinonen Group strengthens its position by acquisition of Norwegian Resultat Compagniet AS

This acquisition strengthens the business of Leinonen Group in Norway and increases the clientele. With this acquisition comes new personnel that bring deeper competences in Norwegian market.  Norway has significant role in Group’s strategy, as it is an interesting market area for companies in Finland, as well as companies in other areas where Leinonen Group operates. Also Norwegian companies strive for growth in new markets... Read more >


DNB’s and Nordea’s combined bank to be named Luminor

We are excited to present the name of the future bank. The brand name Luminor will embody the promise of what we will deliver to our customers – we will be contemporary, entrepreneurial bank for the Baltic way of life and business. Our vision is to become the best Baltic bank with customer centricity at the heart of its strategy,” said Nils Melngailis, Chairman of the proposed combined bank... Read more >


GatewayBaltic Changes to Gateway & Partners and expands its Partner Network

GatewayBaltic has grown from a Baltic company into an international export powerhouse supporting companies from various industries and markets in international trade development. We are changing our brand to Gateway & Partners, we are broadening our services with B2B brand design development, and expanding our partner network by opening our first franchise in Moldova. .. Read more >


Finance Ministry proposes to cut personal income tax to 20%, remove solidarity tax, retain microente

The Financial Ministry proposes a tax reform, suggesting to cut the personal income tax to 20%, remove a solidarity tax, and retain the microenterprise tax. The Finance Ministry and other authors of the proposals agree that there is high laborforce tax burden in Latvia, especially for low wage earners. Also, the ministry believes that a corporate tax reform is needed... Read more >

Latvian GDP grows 2% in 2016

In 2016, the Latvian gross domestic product (GDP) increased 2 percent from 2015, according to seasonally non-adjusted data at constant prices, the Central Statistical Bureau said. In the fourth quarter of 2016, compared to the fourth quarter of 2015, GDP grew by 2.2 percent according to seasonally adjusted data, and by 2.6 percent according to seasonally non-adjusted data... Read more >

Average gross monthly wage up 5% in Latvia in 2016

The average monthly gross wage (before taxes) in Latvia amounted to EUR 859 in 2016, which is by 5 percent or EUR 41 more than in 2015, according to the Central Statistical Bureau... Read more >

Latvia’s economy to grow 2.8% in 2017, 3% in 2018 – European Commission

Latvia’s economy might grow 2.8 percent this year and 3 percent next year,  according to the European Commission’s report 2017 European Semester. The report says that Latvia’s unemployment level this year will be 9.5 percent and in 2018 it will shrink to 9 percent.Valdis Dombrovskis (Unity), the European Commission’s Vice President for the Euro and Social Dialogue, said that Latvia’s economic growth will be promoted by rebound in investments, further increase of consumption and greater dynamics in Latvia’s main export markets... Read more >