Taxify, a rideshare app based out of Estonia will not be leaving Latvia even after a controversial rule was removed from the proposed rideshare regulations. The announcement was made earlier this month by Taxify Latvia head Juris Krūmiņš.
Politicians had removed a requirement for storing app data on Latvian services, and Taxify isn't thinking about leaving the Latvian market, commented Krūmiņš.
Nonetheless, Taxify still looks at the norm that requires drivers to pay an advanced €130 into social security contributions with scrutiny, saying it would make it difficult for people to earn money part time using the app.
Taxify's business practices, however, have been criticized when a number of people celebrating New Year's Eve were unpleasantly surprised by the surging prices as they used the app to return home in the early morning hours.
It was also reported that Taxify had threatened to leave Latvia if the controversial ride-share regulations were adopted into law.
Join us in Bangkok from the 28th of February to the 1st of March for the 22nd Property Portal Watch Conference. The theme for this year is The Future of Online Real Estate Marketing – Getting Closer to the Transaction.