Employment laws and hiring practices in Latvia
In June 2002, the Latvian Labor Code was amended following EU regulations. The rights to work, equitable and fair compensation, and safe working conditions for workers are all included in the law. Trade unions and collective labor agreements are recognized under Latvian legislation. Employees and employers may join forces to create trade unions that will […]
Environmental regulations for companies in Latvia
The Latvian Environmental Protection Law, which was passed in 1991, serves as the foundation for the environmental rules that apply to businesses there. The legislation outlines the fundamental guidelines for ecological protection in Latvia. The Ministry of Environment designates as the principal entity in charge of this task. The Ministry of Environment in Latvia requires […]
Enhancing customer experience and service excellence in Latvian companies
The way a consumer feels about a brand may be widely characterized by their customer experience. Every encounter has the chance to either strengthen or weaken the link between the business and the client. Building a connection with customers entails being aware of their wants, needs, and values. The capacity of service providers to continuously […]
Effective financial management for Latvian small businesses
Effective financial management is critical for the success and development of Latvian small enterprises. Only around half of Latvian small firms survive five years, and only one-third survive ten years. That is why every effort must be made to succeed. Sound financial management is one of the most important skills and tools for every small […]
Employment contracts and labor law compliance in Latvia
The Labor Law, the main piece of legislation governing the employment relationship and working conditions in Latvia, governs employment contracts and compliance with labor laws. It outlines the fundamental rights and duties of both employers and workers and addresses several issues, including working hours, leave privileges, disciplinary actions, and protection against discrimination. The following are […]
Employee benefits and compensation packages in Latvia
Offering competitive perks and compensation is one of the secrets to keeping exceptional workers. The legislative minimums for Latvia must be included in every company’s benefits management strategy. To distinguish themselves from other companies, they might also provide extra advantages. The Labor Code and other national laws in Latvia define the standards for remuneration. Although […]
Emerging trends in Latvian startups and innovation
After emerging from the 2008–2010 economic crisis, Latvia dove deeply into the startup industry. Many Latvians used the recession as a turning point to launch new businesses, and since then, startups have continued to spring up throughout the nation. The bulk of its startups are found in its capital, Riga, which is becoming more and […]
Effective financial management for companies in Latvia
The startup and growth of a company depend on successful financial management. It entails organizing, regulating, and monitoring your financial resources to accomplish your company goals. Effective resource use, stakeholder satisfaction, competitive advantage, and long-term financial stability are all benefits of good money management for your company. Your Latvian company should integrate financial management into […]
E-commerce trends and opportunities in the Latvian market
Throughout the years, Latvia’s e-commerce business has demonstrated extraordinary progress, enjoying a constant increase. A rising number of enterprises are developing their online presence, and customers are rapidly embracing the ease of online buying. In Latvia, a vast assortment of things, including electronics, apparel, cosmetics, books, and numerous home items, are often acquired via Internet […]
E-commerce business registration in Latvia
Electronic commerce (e-commerce) is quickly expanding in Latvia, creating significant prospects for businesses. Every day, more than 90 percent of the country’s adult population accesses the Internet. Doing business in Latvia requires the registration of a company. Only after registration is the company regarded as a legal entity, allowing it to lawfully engage in transactions […]