Sign-Up for FICIL Work Groups is Now Open

23 August 2019

At the start of the new season, Foreign Investors' Council in Latvia (FICIL) invites their associate members, including member companies of NCCL, to sign up for FICIL work groups, covering a wide range of subjects, starting from investment protection and court efficiency, to labor and education issues, tax policy, economic and financial crime issues, transporation and construction.... Read more


Changes at the Norwegian Embassy in Latvia

14 August 2019

The Norwegian Embassy this summer said farewell to the Deputy Head of Mission Kristian Svanes, who has gone back to Norway, taking up a new position at the Norwegian Ministry of Foreign Affairs. NCCL thanks Kristian Svanes for cooperation and welcomes his successor Jannicke Bain to Riga! ... Read more


The Expanded Alfa Shopping Center to be Opened on September 5

06 August 2019

In less than a month the newly expanded fashion and entertainment center Alfa will open its doors to the public, according to TVNET. The new building and logo will be officially launched on September 5, completing yet another successful investment project by Linstow Center Management, which at this point is the largest Norwegian investor in Latvia.... Read more


Last Moment to Disclose True Beneficiaries to Avoid Closure

05 July 2019

It is the last month for Latvia-registered companies with foreign capital to disclose to the Latvian Register of Enterprises their ultimate beneficial owners to avoid being removed from the register. According to the Register of Enterprises, to this day around 900 companies in Latvia with non-resident shareholders have not complied with the request by the state authorities to disclose their true beneficiaries, risking being closed down by the autorities.... Read more


NCCL Stands by FICIL Statement in Regards to Latvenergo Supervisory Board

02 July 2019

In the light of the recent news about the dismissal of Latvenergo Supervisory Council, the Norwegian Chamber of Commerce in Latvia (NCCL), representing Norwegian investors in Latvia, stands by the announcement of the Foreign Investors' Council in Latvia (FICIL) made on June 20, expressing concern about politization of governance of state-owned enterprises and retreating from international corporate governance standards:... Read more