Estonian debt collection and credit management company Aktiva Finance Group will acquire Swedish credit management company Intrum Group’s business in the Baltic States for EUR 30mn, TVNET reports. Under the deal, Aktiva Finance Group will acquire 100% of shares in Intrum Group’s subsidiaries in Estonia, Latvia, and Lithuania. The transaction is expected to be closed…
The finals of the Latvian Song and Dance Festival’s choir competition took place on 1 July 2023, TVNET reports. The winner in the mixed choir competition was the youth choir, Kamer. In the women’s choirs competition, the grand prize went to the Ventspils Culture Centre’s Venda choir. In the men’s choir group, the grand prize…
The Latvian political activist, Valentins Jeremejevs, has released several videos in which he claims that 2,000 families in Latvia will be evicted from their homes due to the construction of the Rail Baltica railway, Re:Baltica reports. Jeremejevs’s most popular video on TikTok has been viewed by almost 150,000 people and on Facebook by 2,300 people….
The Latvian government is discussing proposed changes to traffic rules for pedestrians, cyclists, and electric scooter drivers, LETA reports. Under the changes, two pedestrians will be allowed to walk side by side along the edge of low-speed roads with no pavement. Roller skating, skateboarding, and use of other similar equipment will only be allowed without…
Latvia’s State Police have initiated proceedings against the Ventspils-based oil product terminal operator, Ventbunkers, seizing documents, LTV’s Panorama programme reports. Aivars Gobins, board chairman of Ventbunkers, said that the police action was related to a case that has been under investigation for five years and the statute of limitations for which was coming to an…
The construction cost of the East Highway in the Latvian capital, Riga, may increase by more than EUR 8mn, the Riga city council estimated, LETA reports. The city council considered changes to the project’s implementation, which also envisage an increase in funding. The city signed a contract for the first stage of the construction project…
More than a half (55%) of Latvian residents do not know what their pension will be when they reach retirement age, according to a survey conducted by Luminor Bank, TVNET reports. At the same time, 20% of residents admit that they do not know where to look for information about their pension savings. In the…
Latvian restaurant operator Rosinter Restaurants, which owned the IL Patio, Planeta Sushi, and TGI Fridays restaurants in Riga, has been liquidated, TVNET reports. The company was registered in 2004 and was one of the oldest catering companies in Latvia. The company initiated insolvency proceedings in autumn 2021. Rosinter Restaurants reported a turnover of EUR 1.4mn…
