1. Bakery Laci tops Most Admired Companies List this year

    Bakery Laci is the highest-ranked company in the annual Most Admired Companies List this year, while the company's owner and head Normunds Skaugis has topped the list of best business managers in Latvia.
  2. Export of ICT services up 24% in 2015

    Latvian information and communications technology (ICT) export increased 24 percent last year as compared to 2014, amounting to EUR 361.32 million, according to the Bank of Latvia's data.
  3. MPs in Kazakhstan confirm Latvia’s intention to participate in Expo Astana 2017

    Latvia intends to participate in the international trade fair Expo 2017 to be hosted by Astana, Kazakhstan, next year, the Latvian parliament’s representatives visiting Kazakhstan said during the meeting with Rapil Zhoshybayev, Commissioner for Expo Astana 2017.
  4. Aerodium opens indoor skydiving center near Shaolin in China

    Latvian vertical wind tunnel operator Aerodium in cooperation with Chinese investors has opened an indoor skydiving center, Flying Dream, in Dengfeng, China, near the famous Shaolin Monastery, the company announced.
  5. Forest industry exports continue to show moderate growth

    Latvia’s forest industry exports continued moderate growth in the first quarter of this year, reaching EUR 537.527 million at the end of March, up 6.9 percent from the respective period in 2015, the Latvian Agriculture Ministry informed.
  6. Situation in dairy sector may become critical in the summer - Duklavs

    The situation in the dairy industry may become outright critical in the summer, and it is impossible to predict when it could start improving, Agriculture Minister Janis Duklavs (Greens/Farmers) said after the government's meeting today.
  7. Food Union planning on beginning production in China in 2018

    Joint-stock dairy company Food Union is currently constructing two production plants in China. It is planned that the company will begin production in China in 2018.
  8. Kekava poultry farm plans to raise exports by at least 10% annually

    Latvian poultry farm Putnu Fabrika Kekava (Kekava) plans to raise exports by at least 10 percent annually, CEO Andrius Prankevicius said.
  9. Lido invests EUR 3 million in two restaurants, food production base in Berlin

    Latvian food services provider Lido has invested EUR 3 million in the opening of two Kirsons restaurants and a food production base in the German capital city Berlin, the company's representatives told journalists on Tuesday.
  10. Government could allot EUR 6 million in extraordinary aid to dairy farms

    Due to the continuing crisis in the dairy farming sector, decreasing milk prices and overproduction, all of which has caused concerns about a wave of bankruptcies, EUR 6 million will be allotted from the state budget in the near future to help dairy farmers survive the crisis.
  11. Latvian government supports agreement between EU, Southern African Development Community

    The Latvian government on Tuesday decided to support the Economic Partnership Agreement (EPA) between the EU and the Southern African Development Community (SADC) that would open more opportunities for exporters of Latvian goods and services.
  12. Latvia’s iCotton hygiene goods company invests EUR 8.1 million in new production line

    Latvia’s iCotton wet wipes, diapers and cotton hygiene goods producer has invested EUR 8.1 million in a new production line, using co-financing of Citadele bank.
  13. Latvian exports of goods down 5.4 pct y-o-y, imports drop 8.2 pct in Q1

    In the first quarter of 2016, Latvia exported EUR 2.323 billion worth of goods to foreign countries, down 5.4 percent or EUR 132.5 million from the same period in 2015, while imports dropped 8.2 percent or EUR 246 million to EUR 2.765 billion.
  14. Time capsule built in foundation of new plant of Valmiera Glass USA Corp

    On Monday, May 9, in Dublin, Georgia, USA, at a solemn ceremony, a time capsule was placed into the foundation of the new Valmiera Glass USA Corp. plant, thus symbolically marking the start of its construction.
  15. Smiltenes Piens reports EUR 15.8 million in 2015 turnover; projects export growth

    Smiltenes Piens dairy company closed last year with EUR 15.85 million in turnover, which was a 4 percent drop from a year before when the company achieved EUR 16.56 million in annual turnover.
  16. Government planning on reviewing decision not to participate in Expo 2017 in Kazakhstan

    The government is planning on reviewing the decision not to participate in World Expo 2017 in Kazakhstan, Prime Minister Maris Kucinskis (Greens/Farmers) said today.
  17. 25% of Latvians willing to boycott imported goods to support local farmers - survey

    An absolute majority of 97 percent of Latvia’s population believe that the agricultural sector has future in Latvia and should be developed; every fourth respondent is willing to fully boycott imported goods to support local farmers.
  18. Latvia's GDP increases 1.8% in Q1 - flash estimate

    Latvia's gross domestic product increased 1.8 percent in the first quarter this year as compared to the first quarter of 2015, according to preliminary, seasonally non-adjusted data of the Central Statistical Bureau.
  19. State guarantees important in business cooperation with Latvia - new CEO of Russian Railways

    The new CEO of Russian Railways Oleg Belozerov has expressed interest in promoting ''economically justified cooperation'' with Latvian partners, but added that state guarantees are also very important in business cooperation.
  20. Rise in forestry industry exports; imports continue to reduce

    After several months of decline, Latvian forestry industry exports saw an increase in February this year with EUR 347.43 million worth of forestry industry products exported during the first two months of 2016 compared to EUR 318.94 million in January-February 2015.
  21. Five new export markets opened for Latvian food producers this year - Food and Veterinary Service

    Thanks to harmonization of veterinary certificates, Latvian producers of animal products are able to export their products to five new regions this year, the Food and Veterinary Service told LETA.
  22. Exports down 6.1%, imports drop 8.5% y-o-y in first two months of 2016

    Latvia's export of goods in January-February this year amounted to EUR 1.489 billion, which is 6.1 percent or EUR 96.8 million less than in February 2015, while import of goods decreased 8.5 percent or EUR 162.2 million year-on-year to EUR 1.739 billion.
  23. Latvia’s Food Union acquires Norway’s third largest icecream maker Isbjorn Is

    Latvia’s dairy company Food Union has purchased an acquisition agreement with Norway’s third largest icecream producer Isbjorn Is, the company’s representatives reported.
  24. Latvian minister, Japanese ambassador discuss ways to expand agricultural exports

    Latvian Agriculture Minister Janis Duklavs (Greens/Farmers) and the ministry’s officials met with Japanese Ambassador to Latvia Mariko Fujii on Wednesday to discuss the ways to expand exports of Latvian agricultural products to Japan, the Agriculture Ministry said.
  25. Andriukaitis: EC hopes to resume discussions with Russia on food embargo

    The European Commission (EC) hopes to reopen, in the nearest time, discussions with Russia on the resumption of exports of certain food products, including milk, to Russia, Vytenis Andriukaitis, the Commission’s member in charge of health and food safety, has said.
  26. Latvenergo power utility keeps title of most attractive employer

    The Latvian state-owned energy company Latvenergo has repeatedly been named as the most attractive employer in 2015, according to a survey by WorkingDay Latvia personnel recruitment company.
  27. Latvian forestry industry exports, imports slow down in January

    After a steep rise in previous months, growth of Latvian forestry industry exports slowed down in January this year with EUR 158.86 million worth of forestry industry products exported during the first months of 2016 compared to EUR 158.19 million in January 2015, according to the information from the Latvian Agriculture Ministry.
  28. Government should allot EUR 21 million support to dairy, pig farming this year - Agricultural Organizations' Cooperation Council

    For Latvia's farmers to have similar production conditions as farmers elsewhere in the European Union, the Agricultural Organizations' Cooperation Council proposes that the government allot at least EUR 21 million to the agricultural sector this year and EUR 32 million annually from 2017.
  29. Draugiem Grupa launches crowdfunding campaign on Kickstarter for mini power-bank project

    The company Draugiem Grupa has launched a crowdfunding campaign on Kickstarter with the aim of gathering USD 84,000 (EUR 74,263) for the development of the CoalBit portable power-bank project, LETA found out from Kickstarter.
  30. Expanding Lakto product line, Food Union invests EUR 120,000 in new protein drink

    Latvian dairy product maker Food Union continues to expand its Lakto product line by launching Lakto Pro, a drink enriched with natural milk protein and vitamins, the company's representatives informed LETA.