The lack of qualified professionals at a number of companies, especially those in IT, has lead to the re-evaluation of the immigration law for key professions. The Ministry of Economics has now published a list of jobs that are the hardest to fill at the moment, which could be offered to foreign specialists with alleviated immigration requirements.…
In early May the Swedish media technology company Signia Group announced the acquisition of Setupad, the Latvian adtech company, marking the first Latvian adtech exit. The startup, which has been active for two years, is lead by founder Toms Panders. We spoke to him to talk about the experience of selling his startup.
Twino in co-operation with KPMG have lauched the first Aleternative Loan Index (ALI) of Europe, offering an overview of the potiential of the financial industry. Latvia has been awarded the 3rd place in the ALI, behind Hungary and Slovenia.
The Latvian startup company Eventech has been entrusted to help develop a part of the landing systems for the Luna-27 module. This is an unprecedented opportunity for such a small country to become involved in such a large-scale space project.
Ammendments to the Immigration Law of Latvia has been passed to make it easier to bring in high-skilled workers for positions that are hard to fill, and is in force as of May 1, 2017. The ammendments include positions that are particularly relevant to startups.
One of Latvia's most successful startups, the web-based data vizualization platform, Infogram, has announced their acquisition by creative presentation platform Prezi. This is Prezi’s first acquisition and financial terms of the transaction were not disclosed.