This week in Latvian business: worker skills shortage and Groglass deal worth 62.5 million euros
This week's key developments in Latvian business include growth opportunities for high-tech company Groglass as part of an international group, a growing shortage of worker skills, and major investment in Riga Airport development.
Three interconnected factors are essential to the competitiveness of Latvian companies: the ability to grow in international markets, ensuring businesses have access to the skills they need, and developing the infrastructure required for growth. This week's notable business events touch on all three of these areas.
Groglass growth within an international group
Latvian high-tech company Groglass is in the spotlight this week over prospects for further growth as part of an international corporate group. The deal is estimated to be worth 62.5 million euros.
Skills shortage in the labour market
At the same time, the shortage of workers with the skills companies need is becoming increasingly noticeable in Latvia's labour market. This trend poses challenges for the future development and competitiveness of local businesses.
Investment in Riga Airport
The third significant event this week involves substantial investment in developing Riga Airport's infrastructure, serving as an example of how the infrastructure needed for growth is being built up.
