Baltics

EC says it is ‘carefully assessing’ Baltic request for €500 million in drone defences

By Evaldas Labanauskas, LRT.lt. The European Commission is “carefully assessing” a request from the Baltic states for 500 million euros to strengthen defences against drones, saying it understands the security [..]

Estonia launches joint study to map optimal electricity mix by 2027

Estonia’s Chamber of Commerce and Industry, major energy companies and government representatives have launched a study of the country’s future electricity needs, ERR reports. The study will compare combinations of [..]

“Lidl Latvija” turnover increased by 7.5% last year, investment phase continues

Retailer “Lidl Latvija” closed the 2025 financial year with a turnover of 495.6 million euros, which is 7.5% more than the year before, when the company worked with a turnover [..]

Latvian researchers and innovation specialists build partnerships in genomics and technology commercialisation in California

Biomedicine and genomics are among Latvia’s research success stories. The Latvian delegation’s programme in California covers two complementary areas: developing genomics technologies and commercialising research results. Latvia’s strengths in genomics [..]

Estonian household deposits rise by €1 billion in a year as housing lending grows

Estonian households held €1 billion more in bank deposits in August 2026 than a year earlier, according to Eesti Pank. Banks issued €237 million in new housing loans during the [..]

Signet Bank provides EUR 4 million in financing to SIA Agro-Kaķenieki for business development

SIA Agro-Kaķenieki, one of the largest crop farming and dairy farming companies in the Dobele Municipality, has received EUR 4 million in financing from Signet Bank to support the company’s [..]

Latvian defence technology companies seek US partners for joint development and manufacturing

Latvian defence and dual-use technology companies are meeting with US industry firms Neros, Anduril, Shield AI, Kratos Defense & Security Solutions, Qualcomm and Starling Systems in Los Angeles and San [..]

Techritory 2026 in Riga to explore ways to protect Europe’s data and digital infrastructure

Europe’s ability to control and protect its data, digital services and critical infrastructure has become an economic and security issue. More than a thousand technology leaders, entrepreneurs, experts and policymakers [..]

Digitex acquires a 90% stake in InfoStrategy

Latvian information technology group Datlex continues to expand its expertise in business intelligence and data analytics. SIA Digitex, a software development company within the group, is acquiring a 90% stake [..]

Tallinn opens its first drone training classroom

Tallinn’s first drone training classroom opened today at the Energy Discovery Centre, expanding opportunities for drone education in the city and enabling general education schools, children and young people to [..]

Estonian film startup secures funding to develop a unique casting platform

IRIS Casting Ecosystem, a startup in the Tehnopol Film and Multimedia Accelerator, has received nearly €150,000 in funding from Enterprise Estonia to further develop its automated casting workflow platform. The [..]

Rēzekne to bring together Latvia’s Start-up community at StartUP festival

On 9 October, Rēzekne will host the StartUP Festival, continuing an initiative launched in Daugavpils in 2025 to develop the start-up ecosystem in Latgale. The event will bring together start-up [..]

Estonian scientists say AI development should be slowed down

Recent incidents involving autonomous AI systems have intensified calls for stronger oversight, ERR reports. In several cases, AI agents have reportedly attempted to access other systems or exploit security vulnerabilities [..]

Signet Bank Group reports 68% loan portfolio growth in H1 2026 and strengthens capital base for continued expansion

Signet Bank AS Group (hereinafter – the Group) maintained strong growth momentum in the first half of 2026, organically expanding across its key business areas – corporate lending, investment banking [..]

Developers finally believe in the City with a Future – new homes are emerging and the supply of commercial space is expanding

While new homes are being developed in Riga and elsewhere, the new-build housing market in Ventspils has stagnated for years. Despite strong demand for high-quality family homes, virtually no energy-efficient [..]

Emergency economy: Drone incidents prompt Lithuanians to buy emergency go-bags

Gabrielė Jankienė, LRT.lt. For Marija, a recent drone incident over Lithuania was a reminder that emergency preparedness could no longer be something to think about later. The Vilnius resident had [..]

German companies advance investment projects worth more than EUR 600 million in Latvia

During a trade mission organised by the Investment and Development Agency of Latvia (LIAA), German companies advanced investment projects and explored new cooperation opportunities in Latvia in the fields of [..]

Latvian medical technologies and digital health solutions advance into the German market

During a trade mission organised by the Investment and Development Agency of Latvia (LIAA), Latvian life sciences companies, universities and healthcare institutions met with German medical technology, biotechnology and life [..]

Estonia and the U.S. seek rare‑earth agreement

Estonia and the United States are working towards an agreement on rare-earth elements aimed at strengthening supply security and attracting investment, ERR reports. Foreign Minister Margus Tsahkna said the negotiations [..]

Five years since the start of second pillar payments: hundreds of thousands of Estonians have missed out on a multi-fold increase in the value of their assets

Today marks five years since the first second pillar payments were made following the pension reform. Whilst the money withdrawn from the second pillar before retirement age has been used [..]

RSI Europe to invest up to €50M in strengthening Lithuania’s defence industry

Minister of Economy and Innovation Edvinas Grikšas has signed a large-scale investment project agreement with Lithuanian defence technology company RSI Europe. The company plans to invest up to €50 million [..]

Latvian defence technology companies meet German industry leaders in Berlin

During a trade mission organised by the Investment and Development Agency of Latvia (LIAA), Latvian defence and dual-use technology companies met leading German defence companies, industry organisations and a representative [..]

Latvijas Banka is issuing a licence to Velvian SIA to operate as a payment institution

On 16 September, the Supervision Committee of Latvijas Banka issued a licence to Velvian SIA to operate as a payment institution. The licence authorises the company to provide payment acceptance [..]

Latvian fintech companies present solutions to German investors in Berlin

Latvian financial technology companies met with representatives of German institutional investors, family offices, banks, and the FinTech industry during a trade mission to Berlin organised by the Investment and Development [..]

Estonia weighs pushing Rail Baltica completion to 2034

Estonia’s government is considering postponing the completion of its Rail Baltica section until 2034, ERR reports. The issue is being discussed during negotiations on the 2027 state budget. Prime Minister [..]

Latvian companies to gain support from German chambers of commerce in more than 90 countries

The Investment and Development Agency of Latvia (LIAA), the German Chamber of Commerce and Industry (DIHK) and the German-Baltic Chamber of Commerce (AHK) signed a memorandum of understanding on Wednesday, [..]

Latvian businesses meet German companies and investors during trade mission to Berlin

The main business events of a Latvian trade mission organised by the Investment and Development Agency of Latvia (LIAA) begin in Berlin on Wednesday, 16 September. The programme opened with [..]

Defense agency rejects Datasel talks as EU funding period ends

Estonia’s State Defense Investment Centre (RKIK) has rejected arms supplier Datasel’s proposal to establish a joint working group to resolve their dispute, ERR reports. Datasel, an Italian company acquired by [..]

Lietuvos bankas: Economy will grow steadily, while inflation will begin to ease next year

The Lithuanian economy will continue to grow this year, but households will feel the impact of rising prices more acutely as energy costs increase. Average annual inflation is projected to [..]

What investors look for in AI startups in 2026

On 7 September, Tehnopol hosted a pre-application event for the AI Accelerator, bringing together early-stage AI startup teams, solution developers and mentors. The event gave participants a practical overview of [..]

PM: Estonia in talks to join France’s nuclear deterrence

ERR reports that Estonia is holding talks with France about joining its enhanced nuclear deterrence initiative. Prime Minister Kristen Michal said participation would require specific capabilities and readiness. He noted [..]

LIAA-Supported film “The Unknown Woman” triumphs in Venice, demonstrating Latvia’s competitiveness in the international film industry

Danish director May el-Toukhy’s film “The Unknown Woman”, which won the Golden Lion, the top prize at the Venice International Film Festival, is a co-production between the Danish and Swedish [..]

Lithuanian company launches system to manage solar, wind and battery sites together

Lithuanian energy technology company Inion Software has launched a virtual power plant (VPP) platform for solar and wind plants, battery energy storage systems (BESS) and other distributed energy assets. The [..]

NATO Deputy Secretary General visits Latvia, highlights strong defence

NATO Deputy Secretary General Radmila Shekerinska took part in the Riga Conference in Latvia, joining Latvian Foreign Minister Baiba Braže and Norwegian Foreign Minister Espen Barth Eide for a panel [..]

Operators baffled by Estonia’s plan to buy new gas and electric buses

Estonian bus operators have questioned the state’s plan to purchase new gas-powered and electric buses, saying they already have sufficient vehicles, ERR.ee reports. The Ministry of Regional Affairs and Agriculture [..]

Transfers That Unite: UNITED24 and TransferGo team up again to support Ukrainian students

Marking the Independence Day of Ukraine, UNITED24, Ukraine’s official fundraising platform, and TransferGo, the global fintech company empowering the world on the move, have launched the Transfers That Unite campaign [..]

Tallinn strengthens cooperation with South Korea in innovation and entrepreneurship

This week, a Tallinn delegation visited South Korea on a business mission aimed at expanding cooperation in innovation and entrepreneurship. The visit focused on creating new opportunities for Tallinn-based companies [..]

Major data center developments in Finland could hike electricity prices in Estonia

Google’s €13 billion investment in Finnish data centres could raise electricity prices in Estonia by around half a cent per kilowatt-hour if neither country adds sufficient generation capacity, ERR reports. [..]

Cambridge University looks to set up Lithuanian studies

By Ieva Radzevičiūtė, LRT RADIJAS, LRT.lt. UK’s University of Cambridge is considering establishing a professorship in Lithuanian studies. The permanent academic post would focus on research into Lithuania’s history, culture [..]

NestAI expands operations in Latvia to advance defence AI on NATO’s eastern flank

European defence artificial intelligence laboratory NestAI is opening a research and development centre in Latvia to develop AI-based defence solutions together with armed forces and the defence industry operating on [..]

Latvian companies to join US trade mission during the president’s visit

The Investment and Development Agency of Latvia (LIAA) will organise a Latvian business trade mission to the United States from 20 to 28 September, with the main business events taking [..]

Is Vilnius ready to handle the traffic around the national stadium?

By Kotryna Labanauskaitė, LRT.lt. With the national stadium nearing completion in Vilnius, members of the public are raising questions about whether this will mean more pressure on the already strained [..]

Companies hand over more than 255 tonnes of used tyres for recycling during summer campaign

During the four-week “Give Tyres a Second Life” environmental campaign organised by AJ Power Recycling and 3R, more than 210 companies handed over 255.30 tonnes, or more than 25,500 used [..]

Latio: new project developers are holding back their own market

A significant gap has emerged in the new-build housing market between advertised prices and actual transaction prices. In the second quarter of this year, the average advertised price per square [..]

From prototype to export markets: LIAA opens autumn applications for the business incubation programme

From 9 to 24 September, the Investment and Development Agency of Latvia (LIAA) invites young companies to apply for its Business Incubation Programme. Participants can receive financial support covering up [..]

Mogotel Hotel Group and Marriott International launch their first joint project: Latvia’s first Four Points Flex by Sheraton hotel to open in Riga

The first Four Points Flex by Sheraton hotel in Latvia, Four Points Flex by Sheraton Riga Old Town, will open in Riga in October. It is the first project that [..]

Riga Bus Station: new largest shareholder sets development priorities

RIVARO Holding has completed the acquisition of a 49.99% stake in AS Rīgas starptautiskā autoosta, becoming the largest shareholder of Riga International Bus Station. The transaction was financed with a [..]

Wizz Air announces a new route from Lithuania: flights to Berlin

Wizz Air, the second largest airline by market share in Lithuania announces a new route from the country: starting 27 October 2026, the airline will launch direct flights from Vilnius [..]

Rental prices in Lithuania keep rising, with no sign of relief

By Justina Ilkevičiūtė, LRT TV, LRT.lt. Rents in Lithuania have risen among the fastest in the EU over the past 15 years, with only Estonia recording a larger increase, according [..]

Tehnopol kicks off autumn season by bringing alumni and active teams together

Tehnopol’s Accelerator community came back together on August 27 for the autumn season kick-off, bringing founders, alumni and the Tehnopol team out of summer mode and into a night of [..]

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