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Stricter procedures established for attracting foreign labour in Latvia
According to the currently applicable procedure, an employer who plans to employ third-country nationals has to publish a vacancy with the State Employment Agency (“Employment Agency”) and, if the vacancy remains free for at least 10 business days, the employer is entitled to apply to the Office of Citizenship and Migration Affairs (“OCMA”) for approval […]
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Ober-Haus: Baltic real estate market still challenging, but opportunities open up
Ober-Haus presents its annual real estate market report for 2024 on the capital cities of the Baltic countries. The report covers the office, retail, warehousing, residential and land markets in each of the capital cities: Riga, Tallinn and Vilnius. Our Baltic-wide team of real estate legal experts prepared legal notes for the report. Baltic real […]
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Changes for the introduction of electricity generation equipment or for increasing the capacity of existing equipment in Latvia
On 19 December 2023, at a meeting of the Cabinet of Ministers, new regulations entitled “Regulations on Permits for the Introduction of New Electricity Production Equipment or the Increase of Electricity Production Capacity” (the Regulations) were adopted, which were issued on the basis of the second part of Article 22 of the Law on the […]
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The EU’s control list of dual-use items has been updated
On 12 January 2023, an updated EU list of dual-use items entered into force (Annex I to Commission Delegated Regulation (EU) 2023/66 of 21 October 2022 (the “EU Dual Use Items Regulation”) amending Regulation (EU) 2021/821 of the European Parliament and of the Council). The EU list of dual-use items includes goods which can be […]
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Latvia: ready to conquer the fintech sector
Things have finally changed in the Latvian financial sector, and the country is ready to make use of its potential in fintech. That is the current message from the government and from the Latvian financial supervisory authority, the Financial and Capital Market Commission (FCMC). These are welcome words from the market, which has, along with […]