Category: News

  • Riga Business School Executive Education Courses

    Riga Business School provides standalone Executive Education courses to help you improve your skills and keep up to date. There are many different themes to choose from, ranging from those that are human-centered, focused on finances to those that are computer science-based.

    • Advanced Business Negotiation led by Daniels Pavļuts
    • Financial Managerial Accounting led by Raivis Lucijanovs
    • IT Project Management led by Konstantīns Oševerovs
    • Modern BI Tools and Techniques for Enterprise Analysis led by Aldis Ēglis
    • Smart Startup: AI-Guided Business Plan and Pitch Development led by Mike Wells
    • Personal and Career Development led by Inese Muzikante and Elza Priede
    • Corporate Governance led by Justin Bancroft
    • Supply Chain Management led by Raimonds Lieksnis and Darja Junusova
    • Consumer Behaviour led by Katrīna Jaunušāne

    Choose your preferred course and start learning!

     

    More information about the courses avaible here. 

  • Rīgas Porcelāns Kuznetsov porcelain exhibition

    Rīgas Porcelāns invites BritCham Members and Friends to visit Zuzeum for a guided tour of the Kuznetsov porcelain.

    The cost of a guided tour is 20€ in addition to the entry ticket price of 10€ ( 5€ for students and seniors ).

    The possible dates for a guided tour: 13th, 14th, 20th, 21st or the afternoon of the 28th of April. The maximum number of people in a guided tour is 15.

    Working hours on Thursdays until 20.00.

    To schedule a tour please contact Annija, the curator, annija.grisle@zuzeum.com. 

  • FICIL Newsletter

    Foreign Investors Council in Latvia (FICIL) have published their Newsletter for February and March with   their most recent news and work group activities.

    FICIL Newsletter available here.

  • SOS Children’s Villages Charity Dinner

    SOS Children’s Villages invite BritCham Members and Friends to the annual Charity Dinner which will take place on April 20th at Guest house “Brūtes” (Valmiera county, “Pļavasbrūtes”).

    The event promises to be lovely and delicious thanks to the support of three amazing chefs from restaurants 36.line, Kest and Vairāk Saules and famous Latvian musicians – Shipsea (Jānis Šipkēvics) and Kaspars Markševics. And with a good cause – to help children in need living in SOS Children’s Village Valmiera.

    Donation for the dinner invitation can be made to any donation account of the SOS Children’s Villages Latvia (Reg.No. 40008029381): SEB bank LV56UNLA0050011994184, Swedbank LV65HABA0551033254521, Luminor bank LV03RIKO0000083612402 or Citadele bank LV66PARX0019585450001.

    Please indicate in the payment details – donation for the Charity Dinner.

  • BCC Press Release: a drop in energy support package comes as firms face changes in business environment

    As businesses face an 85% decrease in energy support from tomorrow, the British Chambers of Commerce (BCC) has highlighted the need for an energy support contingency plan, and is calling for increased, targeted help for firms who desperately need it.

    • Energy bills remain a top business concern, as many face a drastic reduction in their support
    • Energy market for businesses must be reformed to protect firms and correct market failures
    • Firms are facing a further financial squeeze, with corporation tax, living wage and business rates all changing from April 1st

    The BCC is also calling on Government to increase Ofgem’s power to strengthen protection for businesses in the energy market.

    Alex Veitch, Director of Policy & Public Affairs at the British Chambers of Commerce, said:

    “We have been signalling for months that many businesses will struggle toafford their energy bills when financial assistance reduces by 85%, with many receiving a fraction of their original support. Almost half (47%) of firms say paying bills will be difficult from tomorrow onwards.

    “But of the seven energy policies we advocated for the Government to include in this month’s Spring Budget, not one was acted upon.

    “Flexibility to increase support for those who desperately need it – ignored. Easing the burden of claiming VAT on energy – ignored. Funding for improved business energy efficiency – ignored. And so the list goes on.

    “Government also failed to heed our calls to increase regulation of the businessenergy sector. The energy crisis faced by firms and households are two sides of the same coin. Yet, non-domestic customers do not enjoy the same protection as households.

    “To ensure competition in the business energy sector, and solve market failures, Government must ensure Ofgem has the necessary powers to properly regulate the industry. We are also asking Ofgem and Government to introduce a ‘duty to supply’ mechanism to the non-domestic energy market, to ensure businesses can access fixed rates, providing them with certainty and stability.

    “Along with the reduction in energy support, businesses are facing several other changes in the business environment from tomorrow. Corporation tax is increasing, as is the national living wage, while a number of firms will see their business rates change due to revaluations.

    “These changes will have a significant impact, but Government is yet to offer any meaningful support to offset the challenges currently facing so many UK businesses.”

  • The New Habits Business Forum “Durability 2023”

    We are still in a period of climate change, which is affecting human well-being, the economy and security, and putting great pressure on business operations. How to achieve economic benefits with sustainable and environment-friendly, society-friendly and human-friendly activities? Does sustainable operation help win competitive battles, maintain a good reputation in society, attract new customers and improve sales results?

    The answers to these and other questions will be sought at the New Habits Business Forum “Durability 2023”, which will be held on April 21, 2023, and online. 
    In the forum with the topic What does sustainability have in common with the Little Prince? And how sustainability of a company is affected by how sustainable its suppliers are, Ieva Kustova, head of ESG & sustainability consulting services at KPMG Latvia, will speak.
  • BCC Press Release: Surprise Rise In Inflation Adds To Business Pressure

    British Chambers of Commerce (BCC) have published a Press Release, responding to the latest ONS inflation data, David Bharier, Head of Research at the British Chambers of Commerce, said:

    “An unexpected rise in the CPI rate to 10.4% indicates that the UK economy is still in the midst of a stubborn peak. The main drivers of inflation – restaurants and hotels, food, and clothing – confirm the pressure we see on the hospitality and retail sectors. The longer this goes on, the greater the impact on businessesand consumers as much higher prices become the norm.

    “The BCC’s most recent Quarterly Economic Forecast expects the inflation rate to ease to 5% by Q4 2023 but small firms still face a mountain of cost pressures that is stifling their ability to invest and grow. While today’s Producer Price Inflation (PPI) rate has eased to 12.7%, it still remains historically high and above CPI.

    “The March budget saw little in the way of support for the unprecedented cost pressures businesses face. Relief can come in several forms – for instance, support to transition to more energy efficient sources and improving our trading relationships to ease supply chain difficulties.”

     

    More detail on the ONS (Office for National Statistics) data can be found here.

  • Nasdaq welcomes PwC as a certified adviser on First North

    First North is a growth market designed for ambitious small and medium-sized companies in the Baltics. Being a Certified Adviser permits PwC to guide growth companies in Baltics through the Firth North application process and ensure they meet all the market’s requirements on a continuous basis.

    Nasdaq First North Market is tailored to support smaller, growing companies that want to raise capital and get the visibility and credibility of being a public company. For investors, First North offers an opportunity to invest in companies that are at an earlier stage of their growth.

    “By working closely with multiple executives and shareholders of both private and State-owned corporates, we have observed an increasing interest about the capital markets. Business leaders have become more ambitious and better aware of the myriad of benefits from attracting capital via the exchange. At PwC, we are confident that First North Certified Adviser status will allow us to provide a more diversified advice for our clients in the Baltic region and help navigate them in the journey of an intensified capital market activity,” highlights Raimonds Dauksts, Head of Advisory at PwC Latvia.

     

    Congratulations to PricewaterhouseCoopers on their achievement!

  • BCC News: Spring Budget 2023

    On 15 March, the Chancellor of the Exchequer, the Rt Hon Jeremy Hunt MP, delivered his Spring Budget 2023.

    In response, the BCC policy and press teams have prepared resources to support Chambers’ members:

  • BCC News: Chamber Maps

    British Chambers Of Commerce (BCC) have recently launched two new maps on the BCC website highlighting the amazing Chamber Network.

    The 53 BCC accredited UK Chambers and 79 British Chambers worldwide are now searchable by keyword, making it much easier to locate and contact you and your colleagues.

    If you are looking to expand internationally, you can benefit from expert advice and trusted connections around the world. Chamber members have exclusive access to this unique international club.

    Explore the Chamber Network.