Posts tagged as foreign investors

Neste in Lithuania: from the first visit of Santa Claus to oil-free fuel

Tuesday, March 23, 2021

Neste Lietuva (Neste Lithuania) is celebrating its 30-year anniversary in Lithuania. Today, Neste Lietuva is the largest network of self-service filling stations in Lithuania; however, its road was a long and hard one. The first filling stations with limited imported goods in Vilnius, paper towels imported from Finland for Stikliai Restaurant and automatic payment terminals, which have once been a cutting-edge technological innovation: these are but snippets of the colourful history…

Latvian banking system made quicker for foreign investors

Friday, September 18, 2020

The Ministry of Economics (EM), the Latvian Investment and Development Agency (LIAA) together with the financial sector have developed a questionnaire for foreign investors intended to save time, EM told Latvian Radio September 18. Foreign investors will have to complete a questionnaire before they wish to start their activities in Latvia. The purpose of the questionnaire is to find out the origin of the potential investor’s money and what the company’s true…

New Business Park in Latvia – an opportunity for foreign investors

Thursday, September 19, 2019

A new Business and Innovation Park Mežgarciems is being developed in Latvia, only 25 km from the capital Riga. The territory includes 11 building plots and eight of them will be auctioned by the Carnikava Municipality in October. The construction of infrastructure and necessary communications in the territory is planned to be completed before 2020. All of it is built anew – illuminated access roads, electricity, gas and water supply,…

Foreign investors in talks with the Latvian PM highlight necessary improvements to attract foreign investment

Thursday, September 19, 2019

On September 18, during the business luncheon with the Prime Minister of Latvia Mr Krišjānis Kariņš, foreign investors pointed out a number of critical issues, which directly influence foreign investors’ desire to invest in Latvia. Among the main questions asked where about government’s take on fighting corruption, addressing the labour force shortage, raising quality of education, and dealing with the unintended side effects of reforms in Latvia’s finance sector, such…

Winergy wind farm developer threatens legal action against Latvia over plan to scrap MPC

Thursday, January 31, 2019

Winergy board chairman Igor Rozanov has sent Saeima and all parliamentary groups a letter warning that left without government support and private capital, without a sustainable energy strategy and policy, the renewable energy industry is under threat in Latvia. According to the letter, the initiatives of Latvian lawmakers and government aimed at phasing out mandatory procurement component (MPC) in electricity tariffs, which were proposed during election campaigns, and to end state support to…

Political parties present their vision for Latvia’s future to the audience of foreign investors

Friday, September 21, 2018

Responding to an invitation from nine foreign Chambers of Commerce in Latvia, representatives from seven political parties presented their vision for Latvia’s future and priorities of each party’s economic program, informed Ilze Garoza, Executive Director of the Norwegian Chamber of Commerce in Latvia. The debate took place on September 20, 2018, at the Radisson BLU Daugava Hotel. Party representatives shared their views on improving the court system and insolvency processes,…