Online recruitment services provider CV-Online Latvia closed its full year 2022 with a turnover of €7.21 million, which is 35.2% higher than the €5.33 million recorded the year prior, while its profit increased 79.9% to €1.93 million, reports Baltic Business Daily citing data from Firmas.lv., a database of legal and ‘factual’ companies in Latvia.

CV-Online Latvia’s management said in its report that the turnover rise is related to the economic growth in the first six months of last year and the low unemployment rate that promoted demand for labour force and the company's services. At the same time, in the second half of 2022, the company was negatively affected by Russia's war in Ukraine and deterioration of the economic situation. CV-Online Latvia added that it continued to invest in new technologies as well as the development of services, improvement of work processes and employee skills. CV-Online Latvia was established in 2000.