With donation from MS 16 ENRI hosts wheelchair tennis cup

From August 28 to August 31, Tennis Club Enri hosts the largest wheelchair tennis tournament in Latvia – the International Future Series of the ITF (International Tennis Federation), Riga Cup by Enri 2018, with a total prize pool of $ 3,000.

Players from 14 different countries around the world participated in this tournament: Latvia, Lithuania, Estonia, Belarus, Poland, Israel, Turkey, Ukraine, Austria, Italy, Finland, Netherlands, Russia, Greece. The total number of athletes in this tournament was 33 athletes in wheelchairs. The tournament will also be the world’s leading wheelchair players. This is the biggest wheelchair tournament in Latvian history.


MS 16 completes extensive market research

According to MS 16 research on facility management, the global market size to grow from USD 34.65 Billion in 2018 to USD 59.33 Billion by 2023.

The significant growth factors for the market include growth in the development of sustainable infrastructure, and in the adoption of IoT (internet of things) and connected devices for building automation across industry verticals. Moreover, an increasing need to meet environmental and regulatory compliance, and spur demand for integrated facility management to achieve economies of scale are also driving the market. The facility management market is segmented from solutions, services, organisation size, deployment types, verticals, and regions.

In the solutions segment, the facility property management subsegment is expected to hold the largest market share. Facility property management solutions help enterprises derive tangible value from their business operations, by enhancing their efficiency and effectiveness. These solutions are further segmented into lease accounting and real estate management, asset maintenance management, workspace and relocation management, and reservation management.

If you are interested in knowing more about this topic, please contact us.

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With the support from MS 16 godigs.org develops interactive tool

The alliance for tax fairness created the Tax Payer game (available on their website at www.godigs.org). This game tries to involve the public, allowing players to distribute Latvia’s state budget for 2017 – 8327.5 million euros.

The game saves each of the choices by the players and groups them in different subgroups, considering age, gender and education level. More than 5000 unique budget spending options are currently available. The results of the game contribute to the general understanding of public opinion.

According to the results, most players have recognised the need for the government to increase spending on health, which is in line with the government’s current behaviour. Interestingly, most people with secondary education under the age of 28 believe that pensions should be reduced. By contrast, until the age of 20 and from the age of 45, the opposite is true: at least pensions should be maintained at an existing level or increased. Almost every third participant believes that the defense budget should be reduced, instead resources should be directed at promoting public safety, including the police. The field of education is one of the sectors that most respondents want to increase their budget spending (with the exception of school-age respondents). The heading of expenditure, such as culture and contributions to the budget of the European Union, has not been reduced or increased. Most of the games respondents’ spending on these two industries has remained unchanged.

If you are interested in knowing more about this topic, please contact us.


Aļona Ostapenko tennis hall opened.

On November 20, a new tennis hall opens in Riga, Kalnciema Street 207. The hall bears the name of Aļona Ostapenko, which in 2017 won the Open Tennis Championship in France, which is the most prestigious tennis championship in the world, winning the Roland Garosa Cup and thus glorifying Latvian tennis around the world.
The new tennis hall is located on the territory of the Enri Sports Club on Kalnciema Street 207, between Riga and Jurmala. It was named after the world-famous tennis player from Latvia for a reason. This club is where Aļona was practising from childhood and went to victory with the support of his club and many other Enri partners and friends.
The new tennis hall named after Aļona Ostapenko is an entirely reconstructed stationary indoor hall with a new “hard” coating, which professional tennis players consider to be the perfect tennis game. Aļonas says that it her favourite coating type.
The new hall fully meets all international requirements and standards: its construction only using the most advanced technologies, ecologically pure raw materials, energy saving ventilation and advanced type of heating equipment. The hall is mainly for professional athletes and children who are professionally developing a tennis game looking to grow their skills.
Within the territory of Enri tennis club on Kalnciema Street 207, is an Aļona Ostapenko alley which holds all the tennis cups, she has won since her childhood, including this year’s French Open Tennis Championship – Roland Garosa Cup. These cups and awards located in the alley can be viewed by anyone interested in coming to the Enri Sports Club. “I remember this tennis club for as long as myself. My mother was here and I fell in love with tennis and how the athlete grew up right here. Therefore, I am especially pleased that the new hall of such a significant club has been named in my name “, says Alyona Ostapenko.



One of a kind empirical legal research completed

At the core of MS 16 is research team, which aims to provide subsidiaries with world-class research and knowledge to support companies in MS 16 group. At the request of Tax Robot, MS 16 research team conducted case law analysis and helped to improve tax robot code which evaluates risks.
The research team identified lack of quantitative evidence to support the values in risk framework. To fill the gap, upwards to 3000 cases of tax disputes between undertakings and tax authorities were collected and organised. In cooperation with leading Latvian universities, 14 students prepared and uploaded case law in a software specially built for this project. This software categorises the case law, provides information on date, time, result and content of the case law.
The result provided Tax Robot team with a set of new risks that compliments Tax Robot’s automatised risk manager. However, the most critical finding was exact weight of each risk, improving the accuracy of the programm. Tax Robot team no posses risk framework that more refined than anything on the market at the moment.
It provides customers with information, such as the statistical probability of positive result in case of litigation. This information combined with the value and frequency of transaction can give risk score based on thousand’s of the similar situation, already litigated.


MS 16 announces scholarships for university students

Each year, the best and most talented students from Latvian universities and colleges, compete for the chance to be awarded prestigious MS 16 Talent scholarship. Students must show motivation and talent in their respective fields to eligible, as well students must have proven track record of academic excellence.

Scholarships, available to bachelor and master students, are upwards to 5’000 EUR per student in one academic year. Scholarships, generally are directed towards covering students tuition fee, however, under specific conditions, students may use the funds to advance their research projects or invest the funds in the startup idea of their own. MS 16 does not award scholarships directly, for eligibility and rules, please contact your respective university.

Why do we give scholarships?

On the broader scope, scholarships create an opportunity for the community. The more educated the public and the full range of possibilities students have, the better jobs they will have, or they will create. The scholarship, therefore, builds a community, with more diversity and more opportunity.

In a more narrow sense, universities and colleges cost a lot more than it used to. The tuition fees are up, as well as living costs. This economic reality does preclude some bright and talented people from pursuing a degree. At MS 16 we want everyone to have the chance to prove themselves, a chance to do something good for themselves and the community.

Additionally, some students with big dreams and world-changing ideas are not able to pursue them. Obligations, such as debt accumulated during the study years limits the opportunity to risk and to engage in unproven ideas, which we believe is a huge barrier and with our MS 16 Talent scholarship, we aim to reduce.