Velve | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights

---

Velve is a civil engineering company based in Rīga, Latvia, specializing in construction projects including civil, industrial, technical engineering, and environmental projects. They offer services such as construction process management, new buildings construction, technical engineering structures, restoration, reconstruction, and renovation. Velve stands for long-lasting values and aims to ensure clarity and transparency in the construction process for its customers.

🛍️ Velve Product and Pricing News →

👔 Velve CEO, Management and Leadership Team →

⚔️ Velve Alternatives and Competitors →

💼 Velve Hiring and Layoffs →

🤖 Velve Developer, Integration and Automation News →

📈 Velve Financials, Fundraising and Valuation News →

---

🛍️ Velve Product and Pricing News

• Rīgas apgabaltiesa has indefinitely postponed the appeal by SIA 'Rīgas nami' against Velve regarding a dismissed claim for damages in a potential construction cartel case.
• Stradiņa slimnīca is pursuing legal action against Velve for damages of 1.4 million euros, with plans to increase the claim to 7 million euros.
• From August 2024 to February 2025, P un S būvniecība will fix defects caused by Velve in the construction of Stradiņa slimnīca's A2 building.
• Velve's projects, Novira Plaza and Verde office complex, were recognized as the best new projects of the year by the BREL Forum Awards 2024.
• Raivis Skrinda and Toms Matusevičs represented Velve-AE in a recent event in Jelgava.

• Velve's construction work at Paula Stradiņa Clinical University Hospital has been halted for nearly a year due to contract termination issues.
• Velve's project manager, Karlis Misinsh, stated that the hospital's attempt to unilaterally terminate the contract is illegal and harmful to Velve and its subcontractors.

---

👔 Velve CEO, Management and Leadership Team

---

⚔️ Velve Alternatives and Competitors

---

💼 Velve Hiring and Layoffs

• Baiba Cimdare has left Velve as a Senior Financial Controller in Latvia to join SIA Citrus Solutions as a Business Controller.
• Sergejs Generalovs has left Velve as a construction manager in Latvia to join SIA Citrus Solutions.

---

🤖 Velve Developer, Integration and Automation News

---

📈 Velve Financials, Fundraising and Valuation News

• The construction company Velve, involved in the Pauls Stradiņš Hospital project, is facing insolvency after the hospital terminated their contract due to significant delays and construction defects.
• Velve reported a 2.57% revenue decrease to 67.38 million EUR in 2023 and ended the year with a loss of 3.72 million EUR, prompting the company to seek legal protection to manage creditor actions.

---

People also viewed

• Condell
|
• ROSHO
|
• Plural
|
• Stoneridge-Orlaco
|
• Baltic Institute of Technology
|
• Autotransporta direkcija
|
• Materials Market
|
• Turing College