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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.
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.

Industries news

The tourism branch recovers from the crisis influence
Accession to the European Union, several important events of global importance – Eurovision, the world hockey championship, and the NATO summit – have helped the rapid growth of the Latvian hospitality industry. Presently, the Latvian tourism industry is recovering from the effects of the global economic crisis and is striving to serve individual foreign tourists seeking recreation at a leisurely pace.
The energy sector is adapting slowly
Competition on the electricity market is developing very slowly legislative and political battles delay the imple­mentation of green energy.

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