How the EU’s AI Act will shape digitalization and innovation costs / Article

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</div> </div> </header> <main> <section class="block container d-none"> </section> <section class="block widget-block above-replay"> </section><section class="block mp-block"> <div class="container"> </div> </section><section class="block widget-block below-replay"> </section><section class="block container newsblock"> <div class="row"> <div class="col-12 col-lg-8"> <section class="block"> <article class="article" role="article" tabindex="-1"> <h1 class="article-title">How the EU’s AI Act will shape digitalization and innovation costs</h1> <div class="article-share"> <div class="share-compact " data-link="https://eng.lsm.lv/article/features/commentary/13.11.2024-how-the-eus-ai-act-will-shape-digitalization-and-innovation-costs.a576105/" data-title="How the EU’s AI Act will shape digitalization and innovation costs" data-info=""> <span class="share-caption">Share</span> <div class="share-icons dropdown"> <button type="button" class="dropdown-toggle" data-toggle="dropdown"><i class="icon-share"></i></button> <div class="dropdown-menu"> <button type="button" data-id="draugiem" class="share-trigger draugiem" title="Draugiem"><i class="icon-draugiem"></i></button> <button type="button" data-id="facebook" class="share-trigger facebook" title="Facebook"><i class="icon-facebook"></i></button> <button type="button" data-id="twitter" class="share-trigger x" title="X"><i class="icon-x"></i></button> <button type="button" data-id="clipboard" class="share-trigger clipboard" title="Kopēt starpliktuvē"><i class="icon-copy"></i></button> </div> </div> </div> </div> <a id="media" name="media"></a> <figure class="block gallery-single photo landscape"><picture><img src="https://static.lsm.lv/media/2024/11/large/1/p2xr.jpg" alt="Viesturs Bulāns, CEO and Partner of Helmes Latvia"></picture><figcaption><div class="photo__captions"><span class="photo__title">Viesturs Bulāns, CEO and Partner of Helmes Latvia</span><div class="photo__copyright">Publicity image</div></div></figcaption></figure> <div class="article__info"> <div class="article__info-items"> <div class="info-item time"> November 13, 8:27 </div> <div class="info-item category"> <a href="/features/commentary/">Commentary</a> </div> </div> </div> <h2 class="article-lead"><em>By Viesturs Bulāns, CEO and Partner of Helmes Latvia</em></h2> <div class="article__body"> <p>This year, the world's first comprehensive regulation on artificial intelligence (AI) – the European Union's Artificial Intelligence Act – came into effect, binding for Latvia as well. In some areas, member states will have the right or obligation to make adjustments, and the Act will be implemented gradually until the summer of 2027.</p> <p>When clarifying the Act’s requirements at the national level, it’s important to avoid the mistakes made with the General Data Protection Regulation, which resulted in an excessive bureaucratic burden.</p> <p>The purpose of the AI Act is to ensure that AI systems are developed and used responsibly. However, it’s essential to prevent all responsibility from being placed solely on developers, which could impact competition and the pace of digitalization.</p> <p>Considering the AI Act’s impact on digitalization, system development quality, and costs, it's important to remember why such an Act was needed and its objectives. The need for this regulation arose because, alongside the many positive benefits of AI, there are also risks of misuse, such as tools being created for manipulation or social control. Simply put, the new Act is designed to promote ethical, safe, transparent, and trustworthy AI use.</p> <h2>Four Risk Levels</h2> <p>The AI Act classifies all AI systems into four levels: unacceptable risk, high risk, limited risk, and minimal risk. The new regulation completely prohibits AI systems deemed an unquestionable threat to human safety, livelihoods, and rights. This includes government-led social scoring, as seen in China, and toys that use voice assistance to encourage dangerous behaviour, categorized as “unacceptable risk.”</p> <p>High-risk systems, such as those used in critical infrastructure, surgical applications, exam assessments, hiring procedures, or migration and border control management, will be subject to the strictest requirements.</p> <p>Next, there are limited-risk systems, such as recommendation systems based on previous purchases or search history, virtual assistants, translation systems, etc.</p> <p>Finally, low-risk systems, such as email filters for spam and unwanted content detection, are included.</p> <p>Since the AI Act includes penalties for non-compliance, including significant fines, it will significantly impact IT system development and implementation processes. For developers and implementers, understanding the Act’s rules on permitted and prohibited actions in various situations will be crucial.</p> <p>At the same time, it is equally important that system clients or owners, including the government, understand the Act's goals and avoid creating an excessive bureaucratic burden.</p> <h2>Maintaining Digitalization Advantages</h2> <p>Analysing AI use and digitalization in the EU shows that Latvia is ahead of some Western European countries, like Germany, in implementing and maintaining various critical infrastructure systems and making state services accessible. It’s important not to hinder this progress or repeat mistakes made during the GDPR implementation, where misunderstandings about the regulation’s requirements not only complicated various IT sector processes but also limited journalists' work.</p> <p>Small and medium-sized businesses face particular challenges, so this time it’s crucial to focus on finding solutions to reduce financial and administrative burdens for this group.</p> <p>Companies that use AI will need to balance innovation and legal compliance. In the system development process, initial risk assessment, data traceability procedures, quality control mechanisms, and detailed technical documentation throughout the development cycle will be required.</p> <p>Responsibility for compliance with the AI Act’s requirements must be shared between the system owner (which in some cases includes government and municipal institutions) and the developer.</p> <p>If most of the burden and risk falls solely on developers, responsible developers may be unwilling to participate in various IT system projects, potentially reducing competition and affecting quality. Another complicating factor is that penalties for violations of the Act’s requirements are calculated as a percentage of the company's total annual revenue from the previous fiscal year. This means that fines for violations could exceed the total cost of the respective development project.</p> <p>This is one reason why we joined in founding the <a href="https://www.mila.lv/en/zinas/introducing-the-latvian-artificial-intelligence-association-mila" target="_blank">Latvian Artificial Intelligence Association</a> (MILA) – to promote responsible AI use, facilitate cross-border cooperation and knowledge exchange, and share experience with government institutions.</p> <p>The Association can be a strong and professional partner for the government, helping ensure proportionality in the AI Act's implementation process, so that responsible AI use is achieved without slowing down digitalization.</p> </div> <div class="article__report"> <div class="icon"></div> <div class="desc"> <strong>Seen a mistake?</strong> <p class="d-none d-md-block">Select text and press <span>Ctrl+Enter</span> to send a suggested correction to the editor</p> <p class="d-md-none">Select text and press 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<script type="application/ld+json">{"@context":"http:\/\/schema.org","@type":"NewsArticle","mainEntityOfPage":{"@type":"WebPage","@id":"https:\/\/eng.lsm.lv\/article\/features\/commentary\/13.11.2024-how-the-eus-ai-act-will-shape-digitalization-and-innovation-costs.a576105\/"},"headline":"How the EU\u2019s AI Act will shape digitalization and innovation costs","datePublished":"2024-11-13T8:27:57EET","dateModified":"2024-11-12T13:19:00EET","articleBody":"This year, the world's first comprehensive regulation on artificial intelligence (AI) \u2013 the European Union's Artificial Intelligence Act \u2013 came into effect, binding for Latvia as well. In some areas, member states will have the right or obligation to make adjustments, and the Act will be implemented gradually until the summer of 2027. When clarifying the Act\u2019s requirements at the national level, it\u2019s important to avoid the mistakes made with the General Data Protection Regulation, which resulted in an excessive bureaucratic burden. The purpose of the AI Act is to ensure that AI systems are developed and used responsibly. However, it\u2019s essential to prevent all responsibility from being placed solely on developers, which could impact competition and the pace of digitalization. Considering the AI Act\u2019s impact on digitalization, system development quality, and costs, it's important to remember why such an Act was needed and its objectives. The need for this regulation arose because, alongside the many positive benefits of AI, there are also risks of misuse, such as tools being created for manipulation or social control. Simply put, the new Act is designed to promote ethical, safe, transparent, and trustworthy AI use. Four Risk Levels The AI Act classifies all AI systems into four levels: unacceptable risk, high risk, limited risk, and minimal risk. The new regulation completely prohibits AI systems deemed an unquestionable threat to human safety, livelihoods, and rights. This includes government-led social scoring, as seen in China, and toys that use voice assistance to encourage dangerous behaviour, categorized as \u201cunacceptable risk.\u201d High-risk systems, such as those used in critical infrastructure, surgical applications, exam assessments, hiring procedures, or migration and border control management, will be subject to the strictest requirements. Next, there are limited-risk systems, such as recommendation systems based on previous purchases or search history, virtual assistants, translation systems, etc. Finally, low-risk systems, such as email filters for spam and unwanted content detection, are included. Since the AI Act includes penalties for non-compliance, including significant fines, it will significantly impact IT system development and implementation processes. For developers and implementers, understanding the Act\u2019s rules on permitted and prohibited actions in various situations will be crucial. At the same time, it is equally important that system clients or owners, including the government, understand the Act's goals and avoid creating an excessive bureaucratic burden. Maintaining Digitalization Advantages Analysing AI use and digitalization in the EU shows that Latvia is ahead of some Western European countries, like Germany, in implementing and maintaining various critical infrastructure systems and making state services accessible. It\u2019s important not to hinder this progress or repeat mistakes made during the GDPR implementation, where misunderstandings about the regulation\u2019s requirements not only complicated various IT sector processes but also limited journalists' work. Small and medium-sized businesses face particular challenges, so this time it\u2019s crucial to focus on finding solutions to reduce financial and administrative burdens for this group. Companies that use AI will need to balance innovation and legal compliance. In the system development process, initial risk assessment, data traceability procedures, quality control mechanisms, and detailed technical documentation throughout the development cycle will be required. Responsibility for compliance with the AI Act\u2019s requirements must be shared between the system owner (which in some cases includes government and municipal institutions) and the developer. If most of the burden and risk falls solely on developers, responsible developers may be unwilling to participate in various IT system projects, potentially reducing competition and affecting quality. Another complicating factor is that penalties for violations of the Act\u2019s requirements are calculated as a percentage of the company's total annual revenue from the previous fiscal year. This means that fines for violations could exceed the total cost of the respective development project. This is one reason why we joined in founding the Latvian Artificial Intelligence Association (MILA) \u2013 to promote responsible AI use, facilitate cross-border cooperation and knowledge exchange, and share experience with government institutions. The Association can be a strong and professional partner for the government, helping ensure proportionality in the AI Act's implementation process, so that responsible AI use is achieved without slowing down digitalization. ","publisher":{"@type":"Organization","name":"LSM","logo":{"@type":"ImageObject","url":"https:\/\/eng.lsm.lv\/public\/assets\/design\/dm_logo.gif","width":291,"height":41}},"description":"<em>By Viesturs Bul\u0101ns, CEO and Partner of Helmes Latvia<\/em>","author":{"@type":"Person","name":"unknown"},"image":{"@type":"ImageObject","url":"https:\/\/static.lsm.lv\/media\/2024\/11\/large\/1\/p2xr.jpg","height":"1194","width":"796"}}</script> </div> <div class="col-12 col-lg-4"> <div class="block day-video-block actual-media"> <article class="thumbnail wide"> <figure> <button type="button" class="thumbnail__image play-day-video lazy" data-bg="https://static.lsm.lv/media/2024/03/thumbnail/1/n64b.jpg" aria-label="Atskaņot"></button> <span class="video__duration" aria-hidden="true">02:35</span> <button type="button" class="icon-video__play play-day-video" aria-label="Atskaņot"><i class="icon-play"></i></button> <span class="icon-video__volume" role="presentation"><i 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href="/article/economy/business/02.12.2024-kalve-says-its-coffee-ipo-was-a-hit.a578559/">Kalve says its coffee IPO was a hit</a></div></article><article class="list-article brand-lifestyle-hov"><time>Yesterday, 13:29</time><div><a target="_self" href="/article/economy/banks/02.12.2024-latvian-bank-profits-down-22-on-year.a578594/">Latvian bank profits down 22% on year</a></div></article><article class="list-article brand-lifestyle-hov"><time>Yesterday, 8:22</time><div><a target="_self" href="/article/economy/economy/02.12.2024-domestic-rural-travel-has-dropped-after-pandemic-says-association.a578531/">Domestic rural travel has dropped after pandemic, says association</a></div></article><article class="list-article brand-lifestyle-hov"><time>Yesterday, 7:43</time><div><a target="_self" href="/article/economy/business/02.12.2024-latvia-to-consider-shipping-discounts-for-small-businesses.a578525/">Latvia to consider shipping discounts for small businesses<i class="icon-play"></i></a></div></article><article class="list-article brand-lifestyle-hov"><time>Yesterday, 7:32</time><div><a target="_self" href="/article/economy/transport/02.12.2024-state-to-put-extra-eur46-million-into-latvian-railways.a578522/">State to put extra €46 million into Latvian Railways<i class="icon-play"></i></a></div></article><article class="list-article brand-lifestyle-hov"><time>December 1, 15:14</time><div><a target="_self" href="/article/economy/transport/01.12.2024-christmas-tram-is-coming-to-town.a578479/">Christmas tram is coming to town</a></div></article><article class="list-article brand-lifestyle-hov"><time>November 30, 8:04</time><div><a target="_self" href="/article/economy/transport/30.11.2024-winter-tires-mandatory-as-of-december-1-in-latvia.a578408/">Winter tires mandatory as of December 1 in Latvia</a></div></article><article class="list-article brand-lifestyle-hov"><time>November 29, 14:31</time><div><a target="_self" href="/article/economy/economy/29.11.2024-latest-data-show-fragile-state-of-latvias-economy-at-the-moment.a577666/">Latest data show fragile state of Latvia's economy at the moment</a></div></article> </div> <div class="tab-pane " id="news-333" role="tabpanel"> <article class="list-article brand-analysis-hov"><time>November 27, 13:13</time><div><a target="_self" href="/article/features/media/27.11.2024-stratcomcoe-publishes-two-reports-on-russian-influence-in-the-nordic-baltic-region.a577993/">STRATCOMCOE publishes two reports on Russian influence in the Nordic-Baltic region</a></div></article><article class="list-article brand-analysis-hov"><time>November 26, 12:05</time><div><a target="_self" href="/article/features/video/26.11.2024-watch-oecd-baltic-launch-on-sustainability-transparency-and-corporate-governance.a577744/">WATCH: OECD Baltic launch on sustainability, transparency and corporate governance</a></div></article><article class="list-article brand-analysis-hov"><time>November 26, 7:29</time><div><a target="_self" href="/article/features/video/26.11.2024-riga-security-forum-podcast-russias-war-against-ukraine-stalemate-or-checkmate.a577663/">Riga Security Forum podcast: 'Russia's war against Ukraine: stalemate or checkmate?'</a></div></article><article class="list-article brand-analysis-hov"><time>November 19, 22:50</time><div><a target="_self" href="/article/features/video/19.11.2024-riga-security-forum-podcast-narrative-wars-the-power-of-media-in-a-divided-world.a576825/">Riga Security Forum podcast: 'Narrative Wars: The Power of Media in a Divided World'</a></div></article><article class="list-article brand-analysis-hov"><time>November 19, 10:30</time><div><a target="_self" href="/article/features/features/19.11.2024-the-time-of-the-dead-anthropological-research-in-a-latvian-cemetery.a576925/">The time of the dead: anthropological research in a Latvian cemetery</a></div></article><article class="list-article brand-analysis-hov"><time>November 18, 15:26</time><div><a target="_self" href="/article/features/video/18.11.2024-watch-again-latvias-independence-day-parade.a576647/">WATCH AGAIN: Latvia's Independence Day parade</a></div></article><article class="list-article brand-analysis-hov"><time>November 13, 10:50</time><div><a target="_self" href="/article/features/media/13.11.2024-new-latvian-public-media-board-confirmed.a576262/">New Latvian public media board confirmed</a></div></article><article class="list-article brand-analysis-hov"><time>November 13, 8:27</time><div><a target="_self" href="/article/features/commentary/13.11.2024-how-the-eus-ai-act-will-shape-digitalization-and-innovation-costs.a576105/">How the EU’s AI Act will shape digitalization and innovation costs</a></div></article> </div> <div class="tab-pane " id="news-318" role="tabpanel"> <article class="list-article brand-weather-hov"><time>Yesterday, 7:17</time><div><a target="_self" href="/article/weather/weather/02.12.2024-winter-might-come-this-week-in-latvia.a578518/">Winter might come this week in Latvia</a></div></article><article class="list-article brand-weather-hov"><time>November 29, 9:11</time><div><a target="_self" href="/article/weather/weather/29.11.2024-cooler-weather-expected-mid-next-week-in-latvia.a578261/">Cooler weather expected mid-next week in Latvia</a></div></article><article class="list-article brand-weather-hov"><time>November 28, 8:29</time><div><a target="_self" href="/article/weather/weather/28.11.2024-weather-will-stay-warm-over-weekend-in-latvia.a578098/">Weather will stay warm over weekend in Latvia</a></div></article><article class="list-article brand-weather-hov"><time>November 27, 9:10</time><div><a target="_self" href="/article/weather/weather/27.11.2024-autumn-to-continue-for-a-while-in-latvia.a577949/">Autumn to continue for a while in Latvia</a></div></article><article class="list-article brand-weather-hov"><time>November 25, 9:44</time><div><a target="_self" href="/article/weather/weather/25.11.2024-warm-end-of-november-expected-in-latvia.a577646/">Warm end of November expected in Latvia</a></div></article><article class="list-article brand-weather-hov"><time>November 25, 7:00</time><div><a target="_self" href="/article/weather/weather/25.11.2024-roads-very-slippery-in-the-east-of-latvia-monday-morning.a577621/">Roads very slippery in the east of Latvia Monday morning</a></div></article><article class="list-article brand-weather-hov"><time>November 22, 8:33</time><div><a target="_self" href="/article/weather/weather/22.11.2024-next-week-in-latvia-will-get-warmer.a577391/">Next week in Latvia will get warmer</a></div></article><article class="list-article brand-weather-hov"><time>November 21, 14:03</time><div><a target="_self" href="/article/weather/weather/21.11.2024-yellow-snow-alert-for-western-latvia.a577296/">Yellow snow alert for western Latvia</a></div></article> </div> </div> <p class="more"> <a href="/archive/">More</a> </p> <script> LSM.events.bind('PageReady', function () { var $latestNewsDropdown = $('#latest-news-dropdown'); $latestNewsDropdown.find('.dropdown-item').click(function () { $latestNewsDropdown.find('.dropdown-toggle span').text($(this).text()); $latestNewsDropdown.find('.dropdown-toggle i').attr('class', $(this).find('i').attr('class')); }); }); </script> </div><div class="block pb-last-article-0"> <div class="module-heading "> <span role="heading" aria-level="1">Most important</span> </div><article class="thumbnail brand-news-hov compact-wide wide compact-wide-3by4"><figure><a class="thumbnail__image lazy" href="/article/politics/diplomacy/02.12.2024-georgian-ambassador-summoned-by-latvia-over-protest-crackdown.a578625/"> <img class="lazy" data-src="https://static.lsm.lv/media/2024/12/thumbnail/1/p8bs.jpg" alt="Georgian ambassador summoned by Latvia over protest crackdown"> </a><div class="thumbnail__details" role="presentation"></div></figure><figcaption class="brand-news-br"><a class="thumbnail__caption" href="/article/politics/diplomacy/02.12.2024-georgian-ambassador-summoned-by-latvia-over-protest-crackdown.a578625/"><span class="thumbnail__caption_text">Georgian ambassador summoned by Latvia over protest crackdown</span></a><div class="thumbnail__icons"><time>Yesterday, 16:35</time></div></figcaption></article><article class="thumbnail brand-news-hov compact-wide wide compact-wide-3by4"><figure><a class="thumbnail__image lazy" href="/article/politics/diplomacy/02.12.2024-baltic-canadian-foreign-ministers-meet-in-riga.a578505/"> <img class="lazy" data-src="https://static.lsm.lv/media/2024/12/thumbnail/1/p8hj.jpg" alt="Baltic, Canadian Foreign Ministers meet in Rīga"> </a><div class="thumbnail__details" role="presentation"></div></figure><figcaption class="brand-news-br"><a class="thumbnail__caption" href="/article/politics/diplomacy/02.12.2024-baltic-canadian-foreign-ministers-meet-in-riga.a578505/"><span class="thumbnail__caption_text">Baltic, Canadian Foreign Ministers meet in Rīga</span></a><div class="thumbnail__icons"><time>Yesterday, 10:08</time></div></figcaption></article><article class="thumbnail brand-lifestyle-hov compact-wide wide compact-wide-3by4"><figure><a class="thumbnail__image lazy" href="/article/economy/transport/02.12.2024-state-to-put-extra-eur46-million-into-latvian-railways.a578522/"> <img class="lazy" data-src="https://static.lsm.lv/media/2024/11/thumbnail/1/p536.jpg" alt="State to put extra €46 million into Latvian Railways"> </a><div class="thumbnail__details" role="presentation"><span class="thumbnail__channel ltv1"><span class="channel-logo channel-logo--ltv1 bw"></span></span></div></figure><figcaption class="brand-lifestyle-br"><a class="thumbnail__caption" href="/article/economy/transport/02.12.2024-state-to-put-extra-eur46-million-into-latvian-railways.a578522/"><span class="thumbnail__caption_text">State to put extra €46 million into Latvian Railways</span><i class="icon-play" role="presentation"></i></a><div class="thumbnail__icons"><time>Yesterday, 7:32</time></div></figcaption></article><article class="thumbnail brand-sports-hov compact-wide wide compact-wide-3by4"><figure><a class="thumbnail__image lazy" href="/article/society/crime/02.12.2024-lengthy-chase-along-riga-streets-leads-to-arrest-of-motorist.a578636/"> <img class="lazy" data-src="https://static.lsm.lv/media/2024/09/thumbnail/1/onqn.jpg" alt="Lengthy chase along Rīga streets leads to arrest of motorist"> </a><div class="thumbnail__details" role="presentation"></div></figure><figcaption class="brand-sports-br"><a class="thumbnail__caption" href="/article/society/crime/02.12.2024-lengthy-chase-along-riga-streets-leads-to-arrest-of-motorist.a578636/"><span class="thumbnail__caption_text">Lengthy chase along Rīga streets leads to arrest of motorist</span></a><div class="thumbnail__icons"><time>Yesterday, 17:36</time></div></figcaption></article><article class="thumbnail brand-sports-hov compact-wide wide compact-wide-3by4"><figure><a class="thumbnail__image lazy" href="/article/society/defense/02.12.2024-national-guard-drills-to-take-place-in-latgale.a578616/"> <img class="lazy" data-src="https://static.lsm.lv/media/2024/12/thumbnail/1/p8j0.jpg" alt="National Guard drills to take place in Latgale"> </a><div class="thumbnail__details" role="presentation"></div></figure><figcaption class="brand-sports-br"><a class="thumbnail__caption" href="/article/society/defense/02.12.2024-national-guard-drills-to-take-place-in-latgale.a578616/"><span class="thumbnail__caption_text">National Guard drills to take place in Latgale</span></a><div class="thumbnail__icons"><time>Yesterday, 15:48</time></div></figcaption></article><article class="thumbnail brand-sports-hov compact-wide wide compact-wide-3by4"><figure><a class="thumbnail__image lazy" href="/article/society/crime/02.12.2024-actor-axed-after-awards-night-fracas.a578604/"> <img class="lazy" data-src="https://static.lsm.lv/media/2024/12/thumbnail/2/p8ch.jpg" alt="Actor axed after awards night fracas"> </a><div class="thumbnail__details" role="presentation"></div></figure><figcaption class="brand-sports-br"><a class="thumbnail__caption" href="/article/society/crime/02.12.2024-actor-axed-after-awards-night-fracas.a578604/"><span class="thumbnail__caption_text">Actor axed after awards night fracas</span></a><div class="thumbnail__icons"><time>Yesterday, 14:44</time></div></figcaption></article><article class="thumbnail brand-sports-hov compact-wide wide compact-wide-3by4"><figure><a class="thumbnail__image lazy" href="/article/society/crime/02.12.2024-belarusian-start-up-head-on-trial-in-latvia-for-sanction-breaches.a578537/"> <img class="lazy" data-src="https://static.lsm.lv/media/2024/12/thumbnail/1/p87r.png" alt="Belarusian start-up head on trial in Latvia for sanction breaches"> </a><div class="thumbnail__details" role="presentation"></div></figure><figcaption class="brand-sports-br"><a class="thumbnail__caption" href="/article/society/crime/02.12.2024-belarusian-start-up-head-on-trial-in-latvia-for-sanction-breaches.a578537/"><span class="thumbnail__caption_text">Belarusian start-up head on trial in Latvia for sanction breaches</span></a><div class="thumbnail__icons"><time>Yesterday, 8:40</time></div></figcaption></article><article class="thumbnail brand-lifestyle-hov compact-wide wide compact-wide-3by4"><figure><a class="thumbnail__image lazy" href="/article/economy/business/02.12.2024-kalve-says-its-coffee-ipo-was-a-hit.a578559/"> <img class="lazy" data-src="https://static.lsm.lv/media/2024/12/thumbnail/1/p8cd.jpg" alt="Kalve says its coffee IPO was a hit"> </a><div class="thumbnail__details" role="presentation"></div></figure><figcaption class="brand-lifestyle-br"><a class="thumbnail__caption" href="/article/economy/business/02.12.2024-kalve-says-its-coffee-ipo-was-a-hit.a578559/"><span class="thumbnail__caption_text">Kalve says its coffee IPO was a hit</span></a><div class="thumbnail__icons"><time>Yesterday, 14:00</time></div></figcaption></article><article class="thumbnail brand-lifestyle-hov compact-wide wide compact-wide-3by4"><figure><a class="thumbnail__image lazy" href="/article/economy/economy/02.12.2024-domestic-rural-travel-has-dropped-after-pandemic-says-association.a578531/"> <img class="lazy" data-src="https://static.lsm.lv/media/2024/10/thumbnail/1/ouie.jpg" alt="Domestic rural travel has dropped after pandemic, says association"> </a><div class="thumbnail__details" role="presentation"></div></figure><figcaption class="brand-lifestyle-br"><a class="thumbnail__caption" href="/article/economy/economy/02.12.2024-domestic-rural-travel-has-dropped-after-pandemic-says-association.a578531/"><span class="thumbnail__caption_text">Domestic rural travel has dropped after pandemic, says association</span></a><div class="thumbnail__icons"><time>Yesterday, 8:22</time></div></figcaption></article><article class="thumbnail brand-sports-hov compact-wide wide compact-wide-3by4"><figure><a class="thumbnail__image lazy" href="/article/society/education/02.12.2024-tree-bark-leads-to-new-building-material-developed-by-finnish-and-latvian-researchers.a578564/"> <img class="lazy" data-src="https://static.lsm.lv/media/2024/12/thumbnail/1/p852.jpg" alt="Tree bark leads to new building material developed by Finnish and Latvian researchers"> </a><div class="thumbnail__details" role="presentation"></div></figure><figcaption class="brand-sports-br"><a class="thumbnail__caption" href="/article/society/education/02.12.2024-tree-bark-leads-to-new-building-material-developed-by-finnish-and-latvian-researchers.a578564/"><span class="thumbnail__caption_text">Tree bark leads to new building material developed by Finnish and Latvian researchers</span></a><div class="thumbnail__icons"><time>Yesterday, 11:22</time></div></figcaption></article><article class="thumbnail brand-weather-hov compact-wide wide compact-wide-3by4"><figure><a class="thumbnail__image lazy" href="/article/weather/weather/02.12.2024-winter-might-come-this-week-in-latvia.a578518/"> <img class="lazy" data-src="https://static.lsm.lv/media/2024/01/thumbnail/7/mwj0.jpg" alt="Winter might come this week in Latvia"> </a><div class="thumbnail__details" role="presentation"></div></figure><figcaption class="brand-weather-br"><a class="thumbnail__caption" href="/article/weather/weather/02.12.2024-winter-might-come-this-week-in-latvia.a578518/"><span class="thumbnail__caption_text">Winter might come this week in Latvia</span></a><div class="thumbnail__icons"><time>Yesterday, 7:17</time></div></figcaption></article></div><div class="block"> <div class="module-heading "> <span role="heading" aria-level="1">Most read</span> </div><div class="block numbered-list mb-0"> <article class="thumbnail brand-news-hov compact-wide wide compact-wide-3by4"><figure><a class="thumbnail__image lazy" href="/article/politics/diplomacy/02.12.2024-baltic-canadian-foreign-ministers-meet-in-riga.a578505/"> <img class="lazy" data-src="https://static.lsm.lv/media/2024/12/thumbnail/1/p8hj.jpg" alt="Baltic, Canadian Foreign Ministers meet in Rīga"> </a><div class="thumbnail__details" role="presentation"></div><span class="thumbnail__number">1.</span></figure><figcaption class="brand-news-br"><a class="thumbnail__caption" href="/article/politics/diplomacy/02.12.2024-baltic-canadian-foreign-ministers-meet-in-riga.a578505/"><span class="thumbnail__caption_text">Baltic, Canadian Foreign Ministers meet in Rīga</span></a></figcaption></article><article class="thumbnail brand-weather-hov compact-wide wide compact-wide-3by4"><figure><a class="thumbnail__image lazy" href="/article/weather/weather/02.12.2024-winter-might-come-this-week-in-latvia.a578518/"> <img class="lazy" data-src="https://static.lsm.lv/media/2024/01/thumbnail/7/mwj0.jpg" alt="Winter might come this week in Latvia"> </a><div class="thumbnail__details" role="presentation"></div><span class="thumbnail__number">2.</span></figure><figcaption class="brand-weather-br"><a class="thumbnail__caption" href="/article/weather/weather/02.12.2024-winter-might-come-this-week-in-latvia.a578518/"><span class="thumbnail__caption_text">Winter might come this week in Latvia</span></a></figcaption></article><article class="thumbnail brand-lifestyle-hov compact-wide wide compact-wide-3by4"><figure><a class="thumbnail__image lazy" href="/article/economy/transport/01.12.2024-christmas-tram-is-coming-to-town.a578479/"> <img class="lazy" data-src="https://static.lsm.lv/media/2024/12/thumbnail/1/p86d.jpg" alt="Christmas tram is coming to town"> </a><div class="thumbnail__details" role="presentation"></div><span class="thumbnail__number">3.</span></figure><figcaption class="brand-lifestyle-br"><a class="thumbnail__caption" href="/article/economy/transport/01.12.2024-christmas-tram-is-coming-to-town.a578479/"><span class="thumbnail__caption_text">Christmas tram is coming to town</span></a></figcaption></article><article class="thumbnail brand-lifestyle-hov compact-wide wide compact-wide-3by4"><figure><a class="thumbnail__image lazy" href="/article/economy/transport/02.12.2024-state-to-put-extra-eur46-million-into-latvian-railways.a578522/"> <img class="lazy" data-src="https://static.lsm.lv/media/2024/11/thumbnail/1/p536.jpg" alt="State to put extra €46 million into Latvian Railways"> </a><div class="thumbnail__details" role="presentation"></div><span class="thumbnail__number">4.</span></figure><figcaption class="brand-lifestyle-br"><a class="thumbnail__caption" href="/article/economy/transport/02.12.2024-state-to-put-extra-eur46-million-into-latvian-railways.a578522/"><span class="thumbnail__caption_text">State to put extra €46 million into Latvian Railways</span><i class="icon-play" role="presentation"></i></a></figcaption></article><article class="thumbnail brand-news-hov compact-wide wide compact-wide-3by4"><figure><a class="thumbnail__image lazy" href="/article/politics/diplomacy/02.12.2024-georgian-ambassador-summoned-by-latvia-over-protest-crackdown.a578625/"> <img class="lazy" data-src="https://static.lsm.lv/media/2024/12/thumbnail/1/p8bs.jpg" alt="Georgian ambassador summoned by Latvia over protest crackdown"> </a><div class="thumbnail__details" role="presentation"></div><span class="thumbnail__number">5.</span></figure><figcaption class="brand-news-br"><a class="thumbnail__caption" href="/article/politics/diplomacy/02.12.2024-georgian-ambassador-summoned-by-latvia-over-protest-crackdown.a578625/"><span class="thumbnail__caption_text">Georgian ambassador summoned by Latvia over protest crackdown</span></a></figcaption></article><article class="thumbnail brand-culture-hov compact-wide wide compact-wide-3by4"><figure><a class="thumbnail__image lazy" href="/article/culture/history/01.12.2024-communal-flats-in-latvia-neighbors-noses-in-your-pot.a578409/"> <img class="lazy" data-src="https://static.lsm.lv/media/2024/11/thumbnail/1/p1o5.jpg" alt="Communal flats in Latvia: Neighbors' noses in your pot"> </a><div class="thumbnail__details" role="presentation"></div><span class="thumbnail__number">6.</span></figure><figcaption class="brand-culture-br"><a class="thumbnail__caption" href="/article/culture/history/01.12.2024-communal-flats-in-latvia-neighbors-noses-in-your-pot.a578409/"><span class="thumbnail__caption_text">Communal flats in Latvia: Neighbors' noses in your pot</span></a></figcaption></article><article class="thumbnail brand-sports-hov compact-wide wide compact-wide-3by4"><figure><a class="thumbnail__image lazy" href="/article/society/crime/02.12.2024-belarusian-start-up-head-on-trial-in-latvia-for-sanction-breaches.a578537/"> <img class="lazy" data-src="https://static.lsm.lv/media/2024/12/thumbnail/1/p87r.png" alt="Belarusian start-up head on trial in Latvia for sanction breaches"> </a><div class="thumbnail__details" role="presentation"></div><span class="thumbnail__number">7.</span></figure><figcaption class="brand-sports-br"><a class="thumbnail__caption" href="/article/society/crime/02.12.2024-belarusian-start-up-head-on-trial-in-latvia-for-sanction-breaches.a578537/"><span class="thumbnail__caption_text">Belarusian start-up head on trial in Latvia for sanction breaches</span></a></figcaption></article><article class="thumbnail brand-lifestyle-hov compact-wide wide compact-wide-3by4"><figure><a class="thumbnail__image lazy" href="/article/economy/business/02.12.2024-latvia-to-consider-shipping-discounts-for-small-businesses.a578525/"> <img class="lazy" data-src="https://static.lsm.lv/media/2020/12/thumbnail/1/eiqu.jpg" alt="Latvia to consider shipping discounts for small businesses"> </a><div class="thumbnail__details" role="presentation"></div><span class="thumbnail__number">8.</span></figure><figcaption class="brand-lifestyle-br"><a class="thumbnail__caption" href="/article/economy/business/02.12.2024-latvia-to-consider-shipping-discounts-for-small-businesses.a578525/"><span class="thumbnail__caption_text">Latvia to consider shipping discounts for small businesses</span><i class="icon-play" role="presentation"></i></a></figcaption></article><article class="thumbnail brand-sports-hov compact-wide wide compact-wide-3by4"><figure><a class="thumbnail__image lazy" href="/article/society/crime/02.12.2024-actor-axed-after-awards-night-fracas.a578604/"> <img class="lazy" data-src="https://static.lsm.lv/media/2024/12/thumbnail/2/p8ch.jpg" alt="Actor axed after awards night fracas"> </a><div class="thumbnail__details" role="presentation"></div><span class="thumbnail__number">9.</span></figure><figcaption class="brand-sports-br"><a class="thumbnail__caption" href="/article/society/crime/02.12.2024-actor-axed-after-awards-night-fracas.a578604/"><span class="thumbnail__caption_text">Actor axed after awards night fracas</span></a></figcaption></article><article class="thumbnail brand-lifestyle-hov compact-wide wide compact-wide-3by4"><figure><a class="thumbnail__image lazy" href="/article/economy/business/02.12.2024-kalve-says-its-coffee-ipo-was-a-hit.a578559/"> <img class="lazy" data-src="https://static.lsm.lv/media/2024/12/thumbnail/1/p8cd.jpg" alt="Kalve says its coffee IPO was a hit"> </a><div class="thumbnail__details" role="presentation"></div><span class="thumbnail__number">10.</span></figure><figcaption class="brand-lifestyle-br"><a class="thumbnail__caption" href="/article/economy/business/02.12.2024-kalve-says-its-coffee-ipo-was-a-hit.a578559/"><span class="thumbnail__caption_text">Kalve says its coffee IPO was a hit</span></a></figcaption></article></div> <p class="more"><a href="">More</a></p></div> </div> </div> </section> <section class="block"> <section class="block html"><head><script>(function (j, c) {var s = function (o) {var t = document.createElement('script');for (var p in 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