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



We welcome 2 new members

We warmly welcome two new Bronze members; Vilgerts Legal & Tax and Latvia Classic Shipyard, a Norwegian company that restores of all kinds of wooden boats. .. Read more >


Norway's oil fund invests in Latvia

Last year Norway's Government Pension Fund invested Norwegian sovereign wealth in Latvia for the first time. A total of $ 1.4 million was invested into pharma company Olainfarm, the fiber glass company Valmieras stikla šķiedra (Valmiera Glass), and HansaMatrix, a high-tech manufacturer, reported Rus.lsm.lv on May 9. The oil fund's Baltic investments total 18 million dollar, out of the fund's 940 billion dollar wealth... Read more >


Riga Graduate School of Law: Open House event on 25 May

The prestigious Riga Graduate School of Law Bachelor and Master programmes in law, business and diplomacy in English is a great platform for your success in the future!  Come to RGSL Open House event on 25 May, 18:00 and find out more about studies, the global faculty, life on campus, financial aid and international career opportunities... Read more >


We welcome 3 new members

We warmly welcome Guard systems, a Norwegian company delivering positioning technology services and Riga Graduate School of Law as new Silver members. Norwegian CreoNordic, a complete provider of office solutions and services has joined NCCL as Bronze members. .. Read more >


Alf Erik Lundgrenn re-elected to the Board of FICIL

The FICIL Annual General Meeting was held on 22 March and the following five representatives were elected to the Executive Board in 2017: Alf Erik Lundgrenn (Norwegian Chamber of Commerce, Chairman)Graham Russell (CEMEX, Chairman)Ints Krasts (SEB, Board Member, Vice-president)Julia Sundberg (Fortum, Head of Heating and Cooling)Zlata Elksniņa-Zaščirinska (PwC, Chair of the Board and Country Managing Partner).. Read more >


Kerli Gabrilovica appointed as Country Head of new Luminor bank in Latvia

According to the press release, Kerli Gabrilovica is a senior executive with almost 20 years of experience and strong background in strategy execution and implementation, corporate and business development, organizational transformation, financial analysis and team management. For more than last ten years she has been heavily involved in executing innovative market strategies and introducing product novelties across the market, occupying executive positions and later on being Board Member of the largest telecommunications company in Latvia Lattelecom. She has extensive experience in marketing, digital solutions, product development and technology... Read more >

Shadow economy in Latvia at 20.3% of GDP in 2016

The proportion of shadow economy in Latvia was 20.3 percent of the country's gross domestic product last year, which is one percentage point less than in 2015, according to study Shadow Economy in the Baltic Countries 2009-2016. Shadow economy in Latvia is comprised of unreported income (42.1 percent), salaries paid under the table (40.2 percent) and unreported employment (17.7 percent)... Read more >

Circle K to open first re-branded fuel station in Latvia this week

Fuel retailer Circle K Latvia (formerly Statoil Fuel&Retail Latvia), will unveil its first rebranded fuel station in Latvia this week. The rebranding ceremony will take place on May 10 at the Karlis Ulmanis Gatve 110 fuel station in Riga. Statoil Fuel&Retail plans to change the name of all of its full-service filling stations in Europe, including in Latvia, from Statoil to Circle K in the coming months... Read more >

Tax reform to make Latvia competitive with other Baltic states - Finance Ministry

After the implementation of the tax reform, Latvia will be competitive with other Baltic states, the Finance Ministry said. The ministry said that the reform of labor taxes was intended to reduce the personal income tax burden and increase income of working people. This will be achieved by lowering the personal income tax rate and increasing the minimum non taxable income and the minimum wage... Read more >