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RIGA, June 13 (LETA) – Decrease in productivity caused by lack of physical exercise costs Latvia’s economy EUR 190 million a year, according to a global study on impact of physical exercise on the economy conducted by Deloitte. The study reveals that negative impact of the shortage physical exercise on government budget is EUR 41.5 million. […]
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Amendments to the Latvian Commercial Law, which will enter into force on 1 July 2023, set a number of important dates to be taken into account by all public limited liability companies (PLLC) (in Latvian – Akciju sabiedrība or AS) in order to comply with the obligations imposed by the amendments, i.e., to submit to […]
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Publication / Sofia Kurochka
The material is compiled by assistant lawyer Sofia Kurochka. Intellectual property The Unitary Patent system Launched: 1 May 2023 The new system provides for the establishment of a Unitary Patent, which will be regulated under the Unified Patent Court. Europe’s Unitary Patent is a new additional option for companies and inventors seeking to obtain patent protection […]
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Publication
Approximately 600 companies, associations and civil society representatives have signed an open letter to express support for Riga Mayor Martins Stakis (Progressives/For) for his decision to raise the rainbow flag at Riga City Council to mark the 2023 Riga Pride Week, as Dzivesbiedri (Spouses) movement representative Kaspars Zalitis informed LETA. The letter emphasizes that Stakis’ […]
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The process of opening the natural gas market in Latvia was launched on 3 April 2017, when retail users became able to freely choose their natural gas trader, while continuing to buy it at a regulated price. Most households continued to buy natural gas from the incumbent Latvijas Gāze, controlled by Gazprom, at a regulated […]
