News

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Support Available to Entrepreneurs in the Form of both Tax Solutions and Financial Mechanisms

18 March 2020

On Tuesday, March 17, Latvia's Cabinet of Ministers (CoM) resolved that for the prevention of consequences caused by COVID-19 in the social and entrepreneurial field it is necessary to act in four directions. The Ministry of Welfare is preparing proposals on how, during the COVID-19 pandemic, to provide in a solidary manner a fixed-term State aid to employers for the purposes of the payment of sick-leave certificates, performing this from the special budget funds. At the same time, tax solutions are also planned, as well as support to entrepreneurial activity in the form of financial mechanisms.... Read more

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Legal Aspects of Conducting Business in Norway in Force Majeure Situation

17 March 2020

In response to the spread of COVID - 19, Norway has taken drastic measures in containing the pandemic. This is an unprecedented situation that has created a lot of uncertainty, creating many questions on how to fulfill contractual agreements with business partners and clients in Norway. Our member Hammervoll Pind Law Firm has put together an information package that you may find useful, if you are conducting business or have clients or partners in Norway.... Read more

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The COVID-19 infection and the rights and duties of an employer

16 March 2020

In light of the state of emergency declared in the Republic of Latvia as a result of the spread of the COVID-19 infection, Ellex Klavins Law Firm has summarized the most essential issues to be considered by employers at this time. This summary is prepared on 16th March 2020, based on the Cabinet of Ministers Order on Declaring the State of Emergency (hereafter, the Order), during the period of time from 16th March till 14th April 2020. For full guidelines visit: https://www.ellex.lv/en/news-events/news/the-covid-19-infection-and-the-rights-and-duties-of-an-employer-/47593  ... Read more

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NCCL update regarding the spread of Corona virus (COVID – 19)

12 March 2020

As the number of confirmed cases of Corona virus in Europe is increasing and the virus has now reached the level of a global pandemic, we want you to know that we are monitoring the situation closely and will be implementing the recommendations put forward by the Latvian, Norwegian, and international Public Health authorities. At this time, public health authorities around the world, including Latvia and Norway, are trying to limit the spread of infection. This period must be regarded as a collective effort. As we understand that as an organisation we have our social obligations, the NCCL board in communication with the Embassy of Norway in Latvia has decided to cancel or postpone all events until the end of April.... Read more

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MEMBER SPECIAL: Claim your Discount for Keizen Training

10 March 2020

Claim your 10% NCCL members discount for KAIZEN Yellow or Green Belt here: https://lv.kaizen.com/events.html. For over 30 years KAIZENTM is proven to work for any company/organization in all industries both in private and public sector. ... Read more

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Check out a Manual on Doing business in Norway!

06 March 2020

If you are planning to sell services or products in Norway or hire out employees, there are several things you should know! - There are several reporting and registration obligations you must comply with. Tax and VAT liability and social security issues must be assessed, and you must follow Norwegian labour law. There may also be immigration issues which must be considered.... Read more

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Joint Chamber Dinner with the Governor of the Bank of Latvia

04 March 2020

A very thorough and elaborate presentation today by the Governor of the Bank of Latvia Dr. oec. Mārtiņš Kazāks, who explained the global and regional challenges that currently have and are expected to have an impact on Latvia's economy. On the top of many long term challenges faced by the global economies, the uncertainty created by the corona virus outbreak leaves its mark on the economic growth projections for this year.... Read more

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Brexit and Its Economic Implications for Latvia

26 February 2020

An informative and engaging discussion on Brexit and Its Economic Implications for Latvia took place on February 25 at Clarion Collection Hotel Valdemars together with Morten Hansen, Head of Economics at the Stockholm School of Economics in Riga and Vice Chairman of the Fiscal Discipline Council of Latvia.... Read more

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Commercial Real Estate Outlook for Riga 2020-2022

21 February 2020

A very informatively rich afternoon at the newly-opened Business Garden Riga today! Close to a hundred participants came to hear an update on the Commercial Real Estate Development in Riga for 2020-2022 as presented by the CBRE Baltics.... Read more