Author: webadmin

On the 23rd of May, RISEBA Architecture Faculty received a number of modern equipment that will further improve the learning process and provide new opportunities for students.

The new equipment includes an Avtek TS 7 Lite 75 interactive touch screen, which facilitates both the presentation of group work materials and the interactivity of lectures. The screen is complemented by the J000233 Multibrackets M Public stand and the Floorstand Basic 180 floor stand, which provide mobility and stability in different learning environments.

The vision of Zane Vēja, Director of the Bachelor Architecture programme, is to create a digital workspace that combines architectural creativity and technological insight. Thanks to these achievements, RISEBA Faculty of Architecture now offers a more modern learning environment, preparing students for success in the constantly evolving field of architecture.

More information can be found here

Statement by UK Political Coordinator Fergus Eckersley at the UNRWA Pledging Conference-

First of all we would like to thank Leen Sharqawi and Ahmed Abu Daqqa for their very powerful statements. A reminder, if we needed it, that UNRWA continues to provide a vital beacon of hope for Palestinians.

President, the UK also believes UNRWA plays a critical role in preserving stability in the Middle East in its education services to around 543,000 students, access to health services to 1.9 million refugees, and protection assistance to 5.9 million refugees.

It has also provided 32,000 loans to support sustainable income-generating opportunities. It helps the most vulnerable Palestinian refugees not only to survive but to thrive.

More information can be found here

This week marks the entry into force of the UK trade agreements with Australia and New Zealand – the first entirely new trade deals which the UK has negotiated with key trading partners in the post-Brexit era.

It is fitting that countries with whom we share much common history and values offer much for business growth through these new deals. By 2035, the Australia deal could benefit the economy by £2.3bn per year, and the New Zealand deal by £0.8bn per year over the long-term, with benefits likely across the UK.

More information can be found here

Vitol has appointed Clive Christison to a newly created role head of origination and business development, leading the development of Vitol’s growing midstream and downstream investment portfolio.

Clive will join Vitol from bp where he was SVP Fuels Supply and Midstream, based in Chicago, and responsible for leading the fuel supply and midstream business globally.

In his role, Clive will leverage his 30 years’ experience to optimise the performance of Vitol’s portfolio of mid and downstream assets, through the integration and coordination of supply. He will also work with the respective management teams and Vitol trading teams to develop and pursue strategic opportunities.

More information can be found here

This factsheet provides the latest statistics on trade and investment between the UK and Latvia.

It summarises a wide range of publicly available data, from data providers such as the Office for National Statistics (ONS) and HM Revenue and Customs (HMRC), as well as international data providers.

Total trade in goods and services (exports plus imports) between the UK and Latvia was £2.2 billion in the four quarters to the end of Q4 2022, an increase of 12.6% or £244 million incurrent prices from the four quarters to the end of Q4 2021.

Latvia was the UK’s 71st largest trading partner in the four quarters to the end of Q4 2022 accounting for 0.1% of total UK trade.

More information can be found here

Embedded finance presents a compelling set of possibilities for businesses to reach customers in new ways, build operational scale, and rethink how products and services are deployed. But as is often the case, these opportunities are accompanied by risks.

Success across the embedded finance spectrum—from one-off point-of-sale (POS) technology to solutions for full vertical integration with multiple third parties—requires a major shift in mindset and capabilities.

Our proprietary risk framework sets out five emerging areas for participants within financial ecosystems to consider, stretching beyond existing risks that are inherent to financial products. The five areas include: interoperability, data containment, complex partnerships, vulnerable customers and distributed risks.

More information can be found here

In accordance with the requirements of the European Union (EU) and in accordance with the standards of the World Customs Organization, as well as taking into account new technological requirements, Latvia will be implementing a new import customs declaration filing system.

The new system will provide users with high availability and business continuity, which is especially important for cross-border businesses. It is expected that the preparation of import customs declarations in the new format can be started on June 13 of this year.

To help clients successfully start using the new system, Valsts Ieņēmumu Dienests (VID) is organizing an online informative seminar-

June 2 at 1pm Eastern European Time (EET)

Live Broadcast – https://www.youtube.com/watch?…

More information can be found here

On 27 May 27, 2023 14:00 Latvia 12.00 London. 13.00 CET International Council of Museums is holding a Zoom webinar about Living Archaeology.

The speakers of the event will be Eva Koljera (Head of Āraiši Ezerpils Archaeological Park and Tourism Department), Trevor Creighton (Project Archaelogist), H.E. Paul Brummell (UK Ambassador to Latvia).

You can join by clicking this Link. Passcode: 367072. Webinar ID: 853 9725 5105

British Embassy Riga is organising a Team UK to march in Riga Pride.  BE regularly supports LGBTQIA+ community in Latvia by acknowledging the events and participating in them.

This year’s Riga Pride, an event promoting inclusion and equality in Latvia’s society, will take place from May 29 to June 4. On Saturday, 3 June, 12.00 – 15.00, “We are all Latvia” march will mark the culmination of Riga Pride week.

BritCham gladly supports this event and if you are also interested in joining the march as a Team UK please register your attendance by sending an e-mail to info@britcham.lv by 29 May

In 2022, significant geopolitical upheavals occurred throughout Europe, and in particular in the countries neighboring Latvia, bringing major changes in business and overall market situation. 

In the first half of the year, the Bank made significant adjustments in risk management and planning, and continued to strengthen its strategic positioning in providing services to Latvian enterprises. The Bank successfully completed the reporting period, in accordance with the planned indicators for the most important areas of the Bank’s activities.

As the audited data show, the Bank completed 2022 with a profit of EUR 10.5 million, which is 7% more than in 2021. Net operating income of the Bank during the reporting period amounted to EUR 26 million. The amount of the Bank’s equity capital is EUR 80.3 million. Total assets of the Bank at the end of the year were EUR 685 million.

More information can be found here