News

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Norway to lift COVID-19 restrictions gradually and cautiously

08 April 2020

‘By working together, we have got the virus under control, and can start to lift restrictions little by little. We will do this together, cautiously, and taking our time,' said Norway's Prime Minister Erna Solberg on April 8, indicating that Norway will start gradual lift of COVID-19 restrictions. ... Read more

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Apply for Permission for Critically Important Business Trips to Norway

07 April 2020

If your company needs to send somebody to Norway for a critically important business trip, you can register your need on LIAA's webpage to obtain a permission! The Ministry of Transport has granted permission for a ferry Ventspils - Nynashamn on April 8 and 9, and Nynashamn- Ventspils on April 13. For an updated information on ferry traffic, please visit the website of Latvia's Ministry of Transport! Please note that all visitors will have to undergo a 14 day quarantine after arrival in Norway!  ... Read more

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COVID-19 in Latvia: Lease payments for the property of public persons and capital companies control

05 April 2020

Read the summary report prepared by Cobalt Legal team regarding the Cabinet of Ministers decision on April 2, 2020 to adopt the Cabinet Regulations No.180 "Regulations on Application of Exemption from or Reduction of the Lease Payments for the Use of the Property of a Public Person and a Capital Company Controlled by a Public Person in relation to the spread of Covid-19". The Regulations provide for support measures related to lease of publicly owned assets. ... Read more

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Welcome BlueOrange Bank as a New Gold Category NCCL Member

03 April 2020

Help us welcome BlueOrange Bank as a new Gold Category member at the Norwegian Chamber of Commerce in Latvia! Since 2001, BlueOrange Bank has been one of the leading independent banks in Latvia, providing banking, asset management and other financial services to private and corporate clients across Latvia, Europe and the rest of the world.... Read more

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Report on Covid-19 Impact on Foreign Investors in Latvia

03 April 2020

The Foreign Investors Council in Latvia (FICIL) in collaboration with SSE Riga has just published a report on Covid-19 impact on foreign investors in Latvia with the aim of providing policy makers with information that can contribute to more strategic and evidence-based decision making during this time. The report covers short-term and long-term challenges investors are facing, measures taken by individual companies as well as recommendations to the Government.... Read more

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GBS Sector Expects its Role in Latvia will Grow

02 April 2020

When in the face of current challenges some industries are slowing down, other sectors are expecting to grow. One of them is the Global Business Services industry, which responded rapidly to crisis, creating opportunities for remote work for its employees. As many companies will be looking at cost saving options in the near future and will consider bringing service providers closer to the headquarters in a long term, this creates an opportunity for the GBS sector in Latvia, says  Fredis Bikovs, Chairman of the Board of ABSL Latvia and Head of EVRY Latvia.... Read more

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Gateway&Partners Emphasize the Need to Strengthen Exporters

02 April 2020

Covid-19 has infected many countries' economies but the time of the crisis is therefore an opportunity for business development, as long as we are quick to develop support tools. Read an article by Martins Tiknuss, Gateway&Partners Managing partner, about the need to strengthen exporters and internal consumption and how to use the downtime for the development of new products, training, digitization, for catalyzing resumption of companies' activities when the economy starts to stabilize.... Read more