Reverse Group SIA runs an e-commerce business offering a range of digital wellness and health solutions. Given the proposed changes to its business structure, which involved adjusting the motivational tools available to its employees, the company engaged PwC to conduct a tax assessment of those changes and to help it...
In a recent deal, Bidfood Lietuva UAB (Bidfood) acquired a 100% stake in Cesars SIA (Cesars), the leading Asian cuisine foodservice distributor in Latvia and the Baltic States. The transaction strengthens Bidfood’s foothold in Latvia and the Baltic States and widens growth opportunities for both Cesars and Bidfood...
PricewaterhouseCoopers (PwC) presented the findings of its 27th Annual PwC Global CEO Survey at the World Economic Forum in Davos on 15 January. In the Baltic region, too, we have been surveying CEOs for more than a decade to find out and compare their opinions, expectations and visions for the business environment,...
Having selected an external consultant in an open competition, the Ministry of Finance carried out an independent assessment of the customer relationship management system (CRM) of the Central Finance and Contracting Agency (CFCA) to improve the quality of its services and to maintain customer satisfaction.
The State Medical Commission for Assessment of Health Condition and Working Ability (the “Commission”) selected an external consultant in an open competition and carried out an independent functional audit of the Commission to assess the efficiency of its current work organisation and functional performance, and the...
The State Revenue Service (SRS) uses many integrated information systems, including State Information Systems, in performing its day-to-day functions. The objective is to foster the advancement of SRS information systems and infrastructure. This advancement aligns with goals from the planning documents of the European...
In 2018, the Immigration Law was amended to ease the entry conditions for highly skilled workers and workers in professions with significant labour shortages. The simplification of immigration procedures has not provided sufficient assistance for employers, and Latvia still has a shortage of highly skilled workers.
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Recent years have seen significant improvements in solutions that are available to individuals and businesses for identifying and dealing with financial distress in Latvia. There are a number of agencies and organisations that aggregate information on how financial distress should be identified and handled. However, a...
On 16 January 2023, PricewaterhouseCoopers (PwC) published the results of its 26th Annual Global CEO Survey, which interviewed 4,410 CEOs in 105 countries. In late 2022, we conducted PwC’s Baltic CEO Survey in Latvia, Lithuania and Estonia to measure the business climate across the Baltics by listening to CEOs’...
PwC Lithuania, Latvia and Estonia has acted as the exclusive buy-side advisor to the Gi Group Holding in their acquisition of Verita Solutions OÜ, which manages personnel leasing & staffing companies CVO Recruitment and Simplika. The transaction will allow Gi Group Holding to strategically increase its presence in the...
In 2021, PwC worked with NFRS in addressing safety issues crucial for the public. At the customer’s request, PwC carried out five studies under two projects geared towards public safety awareness, energy efficiency, and infrastructure, as well as strengthening professional capacity.
In 2018, Latvia implemented the corporate income tax (CIT) reform with the aim of promoting the competitiveness of the national economy, reducing income inequality and increasing tax revenues. The changes made within the framework of the tax reform significantly changed the calculation of the CIT base, focusing on the...
Several years have passed since 2015, when Latvia implemented a corporate governance reform making significant changes to how state-owned companies are governed, increasing their efficiency and return on capital, and promoting the attainment of goals important to society as a whole. Improving the corporate governance...
The plan for improving the service environment for 2020–2023 and the digital transformation framework for 2021–2027 set goals and performance indicators for improving the environment of state and municipal services. To ensure that the goals are achieved, we need a single and efficiently functioning system for providing...
Valmieras stikla šķiedra (“VSS”) with its subsidiaries is a leading European glass fibre manufacturer boasting more than 55 years’ experience in the glass fibre industry. In 2021, VSS shareholders decided to sell a majority stake of 84.07% to Duke I S.à r.l. (“Duke”). Duke is a Luxembourg subsidiary of Warwick European...
Improving highway traffic safety (“HTS”) is important for the general public as this helps prevent highway traffic accidents, save lives, and minimise injuries. The EU has set a very ambitious HTS goal of ensuring that deaths and severe injuries in highway traffic accidents are near zero by 2050 (Vision Zero). This...
To contribute to the achievement of objectives set by the Government Reform Plan 2020 and to help the government become more efficient and advanced, in late 2018 the State Chancellery embarked on a project without precedent in Europe and Latvia: #GovLabLatvia innovation laboratories. Using elements of design thinking,...
PwC supported Latvian institutions to implement proactive investment attraction reforms by developing an enhanced foreign investment attraction strategy and delivering tailored, hands-on capacity building activities.
Introduction of e-waybills in rail freight carriage between the EU and Belarus
