Baltics

AS Grenardi Group’s subordinated bond offering exceeds the initial target by 30%

AS Grenardi Group, a leading jewellery retailer in the Baltics, has successfully raised EUR 7 million through its subordinated bond offering. Total investor demand reached EUR 9.01 million, exceeding the [..]

Latvijas Banka is issuing two licences to Trek Technologies SIA – for the provision of crypto-asset services and to operate as a payment institution

On 27 May, the Supervision Committee of Latvijas Banka decided to issue to Trek Technologies SIA a licence for the provision of crypto-asset services and a licence to operate as [..]

Security experts dismiss media speculation about Russian attack on Baltic states

Estonian security experts have dismissed claims circulating in the Western media that Russia is preparing to attack the Baltic states in the near future, arguing the coverage does not critically [..]

People in Lithuania work the least weekends in EU

By Edgaras Savickas, LRT.lt. Only 3% of employees in Lithuania usually work weekends, the lowest share in the entire European Union, according to the latest Eurostat data. Eurostat figures show [..]

What to do if your Centre of Registers data was leaked?

By Elizabet Beržanskytė, LRT.lt. Following a data leak at the Lithuanian Centre of Registers, here’s what affected people should know. According to Mindaugas Samkus from the centre, only information contained [..]

Signet Bank increases capital to strengthen financing for supporting growth of local businesses

Signet Bank AS has completed another capital increase and investor attraction round, as a result of which the bank’s equity was increased by EUR 10 million, surpassing EUR 60 million. [..]

“Alpha Baltic Media” strengthened its position in Latvia last year – revenue reached €3.4 million, growth at 28%

SIA “Alpha Baltic Media”, operating under the brand name “Alpha”, continues on its growth trajectory. In 2025, the company’s net turnover increased by 28.2% to €3,413,306, while profit rose by [..]

Average age of first-time mothers in Estonia rises above 30

For the first time, the average age of first-time mothers in Estonia has risen above 30 years old, according to data from the National Institute for Health Development. The average [..]

Backoffice raises €150K investment: offers a solution for the hospitality sector

Backoffice, a startup building an operations management solution for restaurants, cafes, and hotels, has raised a €150,000 investment from venture capital funds FIRSTPICK and Lost Astronaut. The funds will be [..]

Largest taxpayers of 2025 honoured at official ceremony

The State Revenue Service (SRS) annually presents awards to Latvia’s largest taxpayers – companies whose responsible, sustainable, and fair business practices make a significant contribution to the country’s economic development. [..]

UK defense minister’s plane experiences GPS jamming during Estonia visit

An RAF jet with the UK defence secretary on board had its signal jammed as it flew near the Russian border earlier this week, UK media reports. Defence Secretary John [..]

Finland’s economic slump negatively impacting on Estonia

The ongoing economic downturn in Finland is having a knock-on effect on the Estonian economy. In construction and related areas in particular, the pinch has been felt south of the [..]

Drone crashes and explodes in Latvia

An unidentified drone crashed into a lake in eastern Latvia earlier today, exploding on impact and triggering a response from emergency and security services, according to local reports. Authorities received [..]

The first apartment building of the “Hartmaņa Kvartāls” project in Torņakalns has been commissioned

Following an investment of EUR 7 million, the first residential building of the new “Hartmaņa Kvartāls” development by real estate developer Bonava Latvija has been commissioned in Torņakalns, at 51 [..]

Estonia delivers diplomatic note to Russian embassy over airspace disinformation campaign

Estonia’s Foreign Ministry summoned Russia’s chargé d’affaires on Thursday to deliver a note on an ongoing disinformation campaign targeting Estonia and the other two Baltic states. Estonia delivers diplomatic note [..]

“McCANN Riga” Campaign “School as a Marathon” Wins Baltic Campaign of the Year at the ADwards Festival

On May 15 this year, the ADwards festival brought together professionals from Latvia’s advertising, design, and broader creative industries to identify the most outstanding work in the field under the [..]

LMT IoT and Infineon announce partnership to accelerate connected edge AI product development

Vienna/Riga, May 21, 2026 – LMT IoT and Infineon Technologies AG announced a new cooperation aimed at helping startups and product companies develop, deploy, and scale connected edge AI products [..]

Latvijas Banka is issuing a licence to Neverless SIA for the provision of crypto-asset services

On 20 May, the Supervision Committee of Latvijas Banka issued a licence to Neverless SIA for the provision of crypto-asset services. The company is authorised to provide the following crypto-asset [..]

Understanding air alert warnings in Lithuania – explainer

Residents in several municipalities across Lithuania received air danger alerts on Wednesday. The country’s Defence Ministry and the Fire and Rescue Department (PAGD) have published an explainer outlining the different [..]

London-awarded Latvian gin brand “Hedonya” invests over €250,000 in development and challenges global beverage brands

Latvian premium gin brand “Hedonya” continues its strategic growth by investing more than €250,000 in product development while simultaneously expanding its retail presence across the Baltics. By summer, the company [..]

Intruding drone shot down by Romanian fighter jet in Estonia

A drone that entered Estonian airspace was shot down over Lake Võrtsjärv, Defense Minister Hanno Pevkur said. Drone debris fell at the edge of a field in Kablaküla village, Põltsamaa [..]

Minister: US troops in Estonia going nowhere

American military personnel in Estonia will remain, though “surprises” cannot be ruled out, Minister of Defense Hanno Pevkur (Reform) said. Recently announced plans to cut U.S. troop levels in Europe [..]

Capalo AI to optimize and trade Aretis Group’s hybrid and battery storage portfolio in Latvia

Capalo AI, a sustainable technology company specializing in AI-driven optimization, trading, and aggregation services for energy storage, has signed an agreement with Aretis Group, one of the most active battery [..]

Signet Bank becomes the first bank in the Baltics to offer the world elite business card to entrepreneurs

Signet Bank, in cooperation with Mastercard, is introducing a new offering in the credit card segment for its clients starting today – the first World Elite Business card in the [..]

Estonia’s overland hydrogen pipeline plan gets Baltic Sea competitor

While Estonia is planning a large-scale green hydrogen transit corridor, the project has encountered strong competition — companies from several countries, including Finland’s Gasgrid, want to build a direct pipeline [..]

Adwards 2026 celebrates the best creative work from across the Baltics

From May 14–15, professionals from the Baltic advertising, design, and wider creative industries gathered in Riga at the Zuzeum Art Centre for Adwards, a festival celebrating creative excellence. The strong [..]

Estonian Fintech firm Wise now trading on the Nasdaq exchange

Estonian Fintech firm Wise announced that from Monday its shares can be traded on the U.S. Nasdaq exchange, Geenius reported. The Nasdaq exchange will now be Wise’s primary listing, though [..]

Ukrainian drones in Baltics present a paradox – interview with Stubb in Vilnius

By Guoda Pečiulytė, LRT TV, LRT.lt. In an interview with LRT TV, Finnish President Alexander Stubb talks about drone incidents, Ukraine, NATO and Europe’s nuclear umbrella. I would like to [..]

Latvia faces political crossroads as government resigns and coalition talks intensify at presidential level

Latvia has entered a period of political transition after Prime Minister Evika Siliņa announced the resignation of her government, opening the door to intensive coalition negotiations and consultations at the [..]

Riga to host northern Europe’s leading science-based technology conference “Deep Tech Atelier 2026”

On May 14–15, Riga will host the eighth edition of “Deep Tech Atelier 2026”, Northern Europe’s largest conference dedicated to science-based technologies. The event has become a major platform for [..]

Latvian businesses build new partnerships in Sweden in technology, defence and green transition sectors

An official visit to Sweden organized by the Investment and Development Agency of Latvia (LIAA) and led by Latvian Minister of Economics Viktors Valainis has concluded successfully. During two days [..]

4th Estonian-Latvian electricity connection postponed to at least 2038

Plans for the fourth electricity connection between Estonia and Latvia have been postponed beyond the original 2038 completion date, and no final decisions have been made. Estonia’s national transmission system [..]

Latvia faces deepening government crisis amid speculation over Prime Minister’s resignation

Latvia is facing a rapidly escalating political crisis as speculation grows over the possible resignation of Prime Minister Evika Siliņa following mounting pressure from coalition partners and opposition parties. On [..]

Adwards 2026 finalists announced; Festival invites attendees to lectures, discussions, and the awards ceremony

The finalists of Adwards 2026, a competition celebrating advertising, design, and other creative industries, have been announced. A total of 37 agencies and studios from across the Baltic States have [..]

LMT IoT and Infineon launch mentorship program for cellular edge AI startups

LMT IoT and Infineon Technologies AG, a global semiconductor leader in power systems and IoT, have launched a new mentorship program for startups and product companies developing IoT devices that [..]

AS Grenardi Group launches new subordinated bond offering with 10% fixed annual interest and bond exchange offer

AS Grenardi Group invites investors to subscribe to subordinated bonds with a fixed annual interest rate of 10% from 13 May to 26 May 2026. The bonds are offered to [..]

Latvijas Banka is issuing two licences to SIA Paybis Europe – for the provision of crypto-asset services and for the operation of a payment institution

On 12 May, the Supervision Committee of Latvijas Banka decided to issue to SIA Paybis Europe a licence for the provision of crypto-asset services and a licence for the operation [..]

Court Administration integrates data systems – case workload problems can now be detected earlier

The Court Administration of Latvia has implemented data source integration within its data analytics solution, providing a unified view of court performance indicators, including case flow, adjudication speed, court workload, [..]

Memorandum of cooperation signed between the Port of Riga and global port operator AD Ports Group

In Riga, at the premises of the Investment and Development Agency of Latvia (LIAA), a Memorandum of Understanding was signed between the Abu Dhabi-based, publicly listed global ports and logistics [..]

Estonia expects Ukraine to improve drone control after airspace breaches

Estonia’s government has said it expects Ukraine to improve control over its drones after a series of airspace breaches on the borders of the Baltic states in recent months. Ukraine [..]

Storent reports 35% total revenue growth in 2025, driven by expansion and U.S. company acquisition

Storent, an equipment rental company operating across the Baltics, Nordics and the United States (U.S.), announces its audited pro-forma financial results for 2025, marking a year of strong growth and [..]

Narva displays Putin war criminal banner

Posters, screens, flags and other displays were visible on both sides of the Narva River Saturday. The river marks the Estonian-Russian border, and May 9 carries different significance on either [..]

Signet Bank Provides EUR 2 million in financing for the development of the “Ziedoņdārza pērle” residential project

The development of the “Ziedoņdārza pērle” residential project has secured EUR 2 million in financing from Signet Bank. The financing will support the development of a new residential project comprising [..]

LIAA organizes Latvian business trade mission to Sweden

The Investment and Development Agency of Latvia (LIAA) will organize a Latvian business trade mission to Sweden on May 11, 2026, led by Minister of Economics Viktors Valainis. A total [..]

Warsaw becomes Tallinn Airport’s most popular destination

Poland’s capital, Warsaw, overtook Riga and Helsinki as the most popular route by passenger volume from Tallinn Airport for the first time in April, data from the company shows. In [..]

Strategic Alliance in action: Lithuania’s first HIMARS unveiled with Lockheed Martin

Lockheed Martin and Lithuania’s Ministry of National Defence have officially unveiled the country’s inaugural HIMARS launchers, a milestone that strengthens Lithuania’s defence, deters aggression, and boosts interoperability with NATO partners. [..]

Latvian-founded workplace messaging app BirdyChat launches across Europe after raising €1.7M

BirdyChat, a workplace messaging app founded in Latvia, has raised €1.7M to accelerate its European expansion. Backed by early-stage European and Baltic investors including DIG Ventures, Change Ventures, and Tiny [..]

A shipment of aviation fuel from Norway arrives at the Port of Riga, strengthening supply security in Latvia

On 5 May 2026, the vessel STEN ARNOLD arrived at the Port of Riga, at the berth of SIA PARS TERMINĀLS, delivering 12,000 tonnes of aviation fuel from Norway. The [..]

Estonian Defense Forces: Russia could restore combat readiness in 2027

Russia could restore its combat readiness as early as 2027, and Estonia’s own level of preparedness must increase rapidly, the Estonian Defense Forces (EDF) said in its annual report. The [..]

How will Estonia’s declining population affect the property market?

Estonia’s population is falling and the birthrate is at a record low. But how will this affect the country’s housing market in the coming decades? Estonia currently has just over [..]

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