Monthly Archives: March 2018

MS 16 is glad to be part of a new tennis hall opening 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-Garros 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 practicing 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. Aļona says that it her favorite 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, 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-Garros 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 Aļona Ostapenko.

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 organized. In cooperation with leading Latvian universities, 14 students prepared and uploaded case law in a software specially built for this project. This software categorizes 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 automatized risk manager. However, the most critical finding was exact weight of each risk, improving the accuracy of the program. 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.

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 5000 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 or college.

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.