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Latvian Government to Break Up National Natural Gas Monopoly
The Latvian government has recently finalized a plan to break up the national natural gas monopoly, Latvijas Gaze, with completion expected by the end of 2017.
Latvian Chocolate Manufacturer Plans to Expand into Asian Market
Zemants, Chairman of the Latvian truffle chocolate manufacturer "Pure Chocolate," stated in an interview with the agency that the company increased its export ratio in 2015, with nearly half of its products being sold abroad. The company plans to export its products to mainland China in late November, followed by the markets in Japan and Hong Kong, where it already has established partners, while also planning to enter retail chains in Singapore and Malaysia...
Latvia's Global Innovation Index Ranking Improved in 2015
According to a report released on September 24 by the Baltic News Service, based on the 2015 Global Innovation Index report published by the World Intellectual Property Organization (WIPO), Switzerland, the United Kingdom, Sweden, the Netherlands, and the United States are the five most innovative countries in the world among 141 economies. Among the Baltic States, Latvia ranked 33rd, improving by one position from the previous year, Estonia ranked 23rd, and Lithuania ranked 38th.