According to the long-term development plans of Rimi parent company ICA Gruppen, as part of the equity transaction Rimi Baltic has sold the central logistical and office premises in Riga, Deglava Street 161, to East Capital Real Estate Fund IV, by concluding a long-term 15-year lease agreement with the new owners. The purchase price of […]
A large proportion of European Union (EU) countries apply a low rate of value-added tax (VAT) to food, Latvian Television reported its study results November 30. It turns out Latvia has among the highest VAT rates on food in the EU. Value-added tax in Latvia brings about 30% of the budget revenue, so it is […]
In October this year, the guidelines of the Consumer Rights Protection Centre on the indication of prices for goods and services were adopted in a new wording, replacing “Guidelines on the Pricing of Goods and Services, Including Fair Commercial Practices” of 2015. The purpose of the new wording of the guidelines is to clarify the […]
We advised a Ukrainian company Nova Post on opening their Estonian branch and obtaining a postal license – a rare and special occasion as there is currently only one other valid postal license issued by the Estonian Competition Authority. TOP 20 largest taxpayers in Ukraine Nova Post is a group of companies that provides a full […]
Assistant lawyer Nikola Cīparsone compiled the material. EU Law Commission welcomes G7 leaders’ agreement on Guiding Principles and a Code of Conduct on Artificial Intelligence Published: 30 October 2023 The Commission welcomes the agreement by G7 leaders on International Guiding Principles on Artificial Intelligence (AI) and a voluntary Code of Conduct for AI developers under the Hiroshima […]