News

image

Kaizen Institute Latvia joins NCCL as a Silver Category Member

20 January 2020

Help us welcome Kaizen Institute Latvia as a new Silver category member at the NCCL! Kaizen Institute is the original and premier provider of KAIZENTM services. KaizenTM means "Change for the Better". They support companies of all sizes in all market segments, providing them with a sustainable, competitive advantage.... Read more

image

The latest FICIL Sentiment Index has been published

16 January 2020

Download and check out the latest Foreign Investors' Council in Latvia Sentiment Index, which captures the foreign investors' outlook towards the investment climate in Latvia, investors' main concerns and plans about future investments.... Read more

image

ATEA Global Services joins NCCL as Silver Category member

16 January 2020

Help us welcome ATEA Global Services as a Silver Category member at the Norwegian Chamber of Commerce in Latvia! Atea Global Services is a part of the Atea group - the leading Nordic IT infrastructure company and the 2nd largest in Europe, with more than 7000 employees present in 90 cities across the Nordics and Baltics.... Read more

image

Average annual inflation in Latvia at 2.8% in 2019

13 January 2020

The average annual inflation rate in Latvia last year was 2.8 percent, LETA learned from the Central Statistical Bureau. In December 2019 as compared to November, Latvia recorded a 0.2 percent deflation, while compared to December 2018, the average level of consumer prices rose by 2.3 percent.... Read more

image

Unemployment level in Latvia at 6.2% in late 2019

10 January 2020

At the end of 2019, the registered unemployment rate in Latvia was 6.2 percent of the economically active population, up 0.4 percentage points from November 2019, the State Employment Agency informed LETA. At the end of December a total of 57,808 unemployed people were registered with the Employment Agency, up from 53,783 unemployed people registered with the agency at the end of November.... Read more

image

Kaspars Rozkalns to head Latvian Investment and Development Agency

08 January 2020

Kaspars Rozkalns, an employee at the Latvian Investment and Development Agency, has won the competition to become the agency's new head, LETA was told at the State Chancellery. The winner of the tender has been approved by Economics Minister Ralfs Nemiro (KPV LV) and is due to take office on January 20.... Read more

image

Record number of companies liquidated in Latvia in 2019

06 January 2020

A record number of companies was liquidated in Latvia last year, as Lursoft representatives informed LETA. 23,881 companies were liquidated in Latvia in 2019, which is 3,137 companies or 15.1 percent more than in 2018 when 20,744 companies were liquidated in Latvia.... Read more

image

Changes in taxation, effective as of 1 January 2020

05 January 2020

Given that each year begins with changes in the tax laws, Grant Thornton has prepared an overview of tax changes effective from January 1, 2020. Check out their full report and see if any of the changes directly apply to you! ... Read more