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 350 MEUR and the Norwegian Chamber has close to 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

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BluOr Bank launches public offering of bonds worth EUR 7 million

On May 10, 2022, the Latvian Financial and Capital Market Commission approved the basic prospectus of BluOr Bank AS unsecured subordinated bonds programme. The total amount of the bank's subordinated bonds programme at face value is up to EUR 15 million... Read more >

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Nordic investors launch Sustainable Construction Olympics in Riga

Riga may have lagged behind in the new project development, but what has already been started and what is planned for the future is even more daring and sustainable than what's been done in Western Europe. This is one of the takeaways from the Nordic Baltic Business Forum, which took place in Riga yesterday, May 12, focusing on how are Nordic investors contributing to the sustainable development of the real estate and construction industries in Latvia... Read more >

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Orkla Soon to Open the Most Advanced Biscuit Production Plant in North Europe

Today, May 11, a special time capsule was laid in the foundations of Orkla Biscuit Production plant to leave a message for the generations to come. Participating in the ceremony were Orkla Group Executive Vice President Ingvill Tarberg Berg, Orkla Biscuit Production CEO Johan Uddin, Minister of Economy of Republic of Latvia Jānis Vitenbergs, Head of the European Commission's Representation in Latvia Zane Petre, Chairman of Ādaži Municipality Māris Sprindžuks, as well as Jānis Zilgme, Merks Deputy Director of Construction... Read more >

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NCCL Welcomes New Member - Slokenbergs PLLC

Join us in welcoming SLOKENBERGS PLLC into the NCCL member community! SLOKENBERGS PLLC is a law firm and business consultancy based in New York (US), founded by Ivars Slokenbergs, a corporate and commercial cross-border lawyer. The firm advises Baltic and other European companies doing business in the US or planning entry to the US market... Read more >

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Apply for Capital Discount for Digital Transformation

Our member Global Consulting informs us of the opportunity for companies to receive capital discount for Digital Transformation projects. The purpose of the aid scheme, which is administrated by Altum, is to promote the development of entrepreneurship and the growth of turnover by supporting large - scale and productivity - oriented investments in business digital transformation tools that promote 4.0. industy solutions in production processes; and the automation or robotization of traditional business functions... Read more >

letaNews

Foreign investments in Latvian companies last year reached almost EUR 11.29 billion

Investment of foreign companies and individuals in share capital of Latvian companies last year reached EUR 11.29 billion, according to Lursoft business database. The steep rise was caused by registration of Swedbank Baltics holding in February 2021. .. Read more >

Riga Airport serves 2.35 million passengers in 2021

Operational data on Riga Airport performance show that the number of passengers handled at Riga Airport in 2021 exceeded 2.35 million, which is an increase of 17 percent as compared to 2020. In comparison to 2019, the number of passengers dropped by 70 percent. London, Tallinn, Frankfurt, Kiev and Amsterdam were the most popular destinations from Riga in 2021... Read more >

After arriving at Riga Airport, passengers will be able to take voluntary Covid-19 test

When entering Latvia at Riga International Airport, persons will have the opportunity to take a voluntary Covid-19 test, the government approved on Tuesday. The new requirement will take effect on Thursday, December 2nd... Read more >

Average gross wage in Latvia grows 10.4% in Q3

RIGA, Dec 1 (LETA) - In the third quarter of 2021, the average monthly gross salary in the country for full-time work was EUR 1,280, according to the data of the Central Statistical Bureau (CSB). Compared to the third quarter 2020, the average monthly salary increased by EUR 121 or 10.4 percent, but the hourly wages before taxes - by 4.4 percent - from EUR 8.09 to EUR 8.44... Read more >

Saeima endorses Latvia's 2022 draft budget

The Saeima yesterday endorsed in principle a bill on Latvia's 2022 budget in which consolidated revenue is planned at EUR 10.6 billion, while expenditure is projected at EUR 12.4 billion. Latvia's general government deficit is planned at EUR 1.62 billion, or 4.8 percent of GDP... Read more >

Nontaxable minimum income to be gradually raised to EUR 500 next year

The Saeima on Monday endorsed in principle and gave urgency status to draft amendments to the Personal Income Tax Law, which will raise non-taxable minimum income for working and retired people to EUR 500 in 2022... Read more >