State-appointed Ventspils port management company closing down. What went wrong?
Latvian state company Ventas osta will cease operations in Ventspils. The company functioned for four years, large amounts of money were allocated to…
Category: Business
LMT President: competition should be done with service quality, not loud announcements
Competitors should compete with service quality and variety instead of loud announcements on the media, LETA was told by Latvijas Mobilais Telefons LLC…
From makers to importers: Latvian beer industry reaches historically the lowest level
Latvian beer industry is currently at its historically lowest point. We have gone from beer makers to beer importers, said Latvian Society of…
Olainfarm announces name change
Latvian medicines manufacturer Olainfarm JSC plans to change its name to Olpha, as confirmed by Olainfarm board chairman Juris Bundulis. “Re-branding in the…
Central Laboratory reports severe drop in turnover of profits after Covid-19 pandemic
In 2023, Central Laboratory LLC operated with turnover of EUR 33.51 million, which is 50% less when compared to 2022. The company’s profits…
Riga City Council concerned about Andrejsala developer’s uncoordinated activities
Riga municipality intends to request explanations from Andrejsala developer and investor, real estate developer company Eagle Hills for possible arbitrary action and non-compliance…
Stena Line Latvian branch reports turnover growth of 6.5% last year
The Latvian branch of Stena Line ferry operator worked with turnover of EUR 3.54 million in 2023, which is 6.5% more when compared…
Estonia’s economy contracted by 2.4% in Q1
According to Statistics Estonia, in the first quarter of 2024, the gross domestic product (GDP) decreased by 2.4% compared with the same period…
“It feels as though the state doesn’t need our jobs”, Bio-Venta turns to state president
“We cannot understand how we can discuss the green course, bio-fuel and development of this sector if the state that has the biggest…
