Baltics

NORDSPACE secures EUR 1.2 million financing from Signet Bank for the development of smart storage facilities in Riga

SIA Nordspace-Jurkalnes has secured EUR 1.2 million in financing from Signet Bank to implement the second phase of the smart storage complex development at Jūrkalnes Street 62, Riga. As part [..]

“Nuclear option”: Lithuania mulls introducing border checks with Latvia

By Aistė Valiauskaitė, Aina Mizgirdė, LRT TV, LRT.lt. Lithuania’s incoming Interior Minister Martynas Katelynas has not ruled out temporarily reintroducing border controls with Latvia as the number of migrants arriving [..]

Survey: Latvia should develop its own offshore projects

Although public opinion in Latvia is divided on the development of wind energy, there is a prevailing view that the country should not fall behind the other Baltic states and [..]

Drug use raises alarm as Lithuania ranks among Europe’s worst-affected countries

By Evaldas Labanauskas, LRT.lt. The spread of illicit drugs across Europe is causing growing concern, according to the European Union Drugs Agency’s annual report published in late June, which warns [..]

Working two jobs at once? Lithuanian authorities warn of legal pitfalls

By Gabrielė Jankienė, LRT.lt. Moonlighting during working hours could land employees in trouble, Lithuania’s State Labour Inspectorate has warned, amid growing online chatter about combining two jobs to boost income. [..]

Latvijas Banka issues three licences to two financial technology companies

The Supervision Committee of Latvijas Banka decided to issue a total of three licences to two companies. Nodu Digital SIA received a licence for the provision of crypto-asset services and [..]

100-megawatt battery energy storage system begins operation in Estonia

On 7 July, the Hertz 2 battery energy storage system (BESS), with a capacity of 100 MW and a storage capacity of 200 MWh, was officially opened in Aruküla, Raasiku [..]

Olpha expands its OTC portfolio with the launch of a new pain relief medicine

Olpha, the leading pharmaceutical manufacturer in the Baltics, has expanded it’s over the counter (OTC) product portfolio with the launch of a new medicine for the short-term relief of pain. [..]

Housing prices in Riga are rising twice as fast as rents – yet buyers still prefer to own

Over the past year, average apartment rents in Riga have increased by only 5–6%, while residential property sale prices have risen at roughly twice that pace. Today, only around one [..]

Inbank and Eurobank establish a joint venture in Greece

Inbank is expanding into the Greek market by establishing a joint venture with one of Greece’s leading banks, Eurobank. The joint venture will be owned equally by Inbank and Eurobank. [..]

Lithuanian lawmakers look to better discipline electric scooter riders

By Kristina Karlonė, LRT TV, LRT.lt. Lithuania’s parliament is considering granting municipal public order officers the authority to stop and fine riders of electric scooters and electric bicycles in a [..]

Overhaul that took 13 years: EU approves updated air passenger rights

By Evaldas Labanauskas, LRT.lt. The European Parliament on Tuesday gave final approval to a sweeping overhaul of European Union air passenger rights, introducing stronger consumer protections while limiting some airline [..]

Baurum to develop the “Constanta” project with approximately 90 apartments in a historic building in central Riga

Latvian real estate developer Baurum has opened reservations for residences in its “Constanta” project, located in the historic building at 5a Blaumaņa Street in the centre of Riga. Following an [..]

On the occasion of the US 250th anniversary, VMU celebrates the idea of freedom and academic partnership

On the 4th of July, the United States of America marks its historic 250th anniversary of Independence. This date is not only a major milestone in world history but also [..]

Domantas Sabonis injury update: Kings star set to enter camp healthy after season-ending knee surgery

Sacramento Kings center Domantas Sabonis is on track to open training camp for the 2026-27 season healthy, following a torn meniscus in his left knee that ended his 2025-26 campaign [..]

Latvia and Estonia sign memorandum on supply security; bilateral business forum opens in Tallinn

As part of the State Visit of the President of Latvia, Edgars Rinkēvičs, to Estonia, the Latvia–Estonia Business Forum “Stronger Together” was officially opened today, 2 July, at the National [..]

Lithuania’s Trakai imperilled by overtourism and overdevelopment

By Marija Žukovska, LRT.lt. One of Lithuania’s most treasured natural and cultural landscapes is facing mounting environmental pressure as rising tourism, lakeside development, illegal dumping and unauthorised tree cutting increasingly [..]

Saulvedis Vārpiņš: Artificial intelligence is becoming part of lawyers’ everyday work

The Latvian Council of Sworn Advocates (LCSA) and the AI-powered legal research platform Lexu AI have signed a cooperation agreement to promote the safe and professional use of artificial intelligence [..]

Amid Russia warnings, Baltics brace for ‘hybrid’ rather than conventional threats

By Milda Vilikanskytė, Evaldas Labanauskas, LRT TV, LRT.lt. Russia is more likely to resort to hybrid provocations than launch a conventional military attack against NATO’s eastern flank, Lithuania’s ambassador to [..]

World-class architectural masterpiece in Jūrmala: Villa Guna by Meinhard von Gerkan

Located on Bulduru Prospekts in the prestigious seaside resort of Jūrmala, Villa Guna represents one of the highest achievements of contemporary residential architecture in Latvia. Designed by Meinhard von Gerkan, [..]

Latvian coffee brand Rocket Bean Café ranked among Europe’s best

Latvian coffee roaster and specialty coffee brand Rocket Bean has been included in The World’s 100 Best Coffee Shops – Europe 2026, an international ranking that recognizes the best cafés [..]

LMT and “Latvijas dzelzceļš” demonstrate private 5G network technologies in railway infrastructure management for the first time in the Baltic region

SJSC “Latvijas dzelzceļš” will be the first railway company in the Baltics to use a private 5G network technology provided by the LMT Group. The network is operating in test [..]

New defence and security company LAT Defence established in Latvia

LAT Defence, a newly established Latvian defence and security company, has launched with €2 million in initial funding. The company aims to strengthen security and defence capabilities across Latvia and [..]

Latvian business delegation travels to Estonia to strengthen bilateral economic cooperation in strategic industries

As part of the State Visit of the President of Latvia to Estonia, the Latvia–Estonia Business Forum will take place in Tallinn on 2 July, bringing together representatives of public [..]

European brand TATUUM continues Baltic expansion with the opening of its first store in Lithuania

European affordable premium fashion brand TATUUM continues its expansion across the Baltic region by opening its first store in Lithuania. The new store opened its doors on Saturday, June 27, [..]

Riga offers the most affordable housing in the Baltics: a smart opportunity for property investors?

Riga continues to enjoy a significant pricing advantage in the Baltic residential property market. The average price per square metre in new developments in the city centre is around half [..]

New residential development in Āgenskalns secures EUR 3.4 million financing from Signet Bank

Signet Bank has provided EUR 3.4 million in financing to SIA L 24 for the construction of two identical three-storey residential apartment buildings at 24 Lapu Street in Āgenskalns, Riga. [..]

AgroCredit Latvia expands its activities – financing is now also available to foresters throughout Latvia

The financial service provider SIA “AgroCredit Latvia” is expanding its activities and in the future will offer financing solutions not only to entrepreneurs in the agricultural sector, but also to [..]

Third time’s the charm – will Lithuania’s new govt last this time?

By Edvardas Špokas, LRT TV, LRT.lt. Lithuania’s governing coalition is attempting to turn the page after months of political turbulence, nominating Social Democratic Party leader Mindaugas Sinkevičius as prime minister [..]

Estonian mobility unicorn Bolt reaches profit for the first time

According to its annual report, Bolt posted a net profit for the first time in its history last year, totaling €900,000. Bolt posted a net profit of €900,000 last year, [..]

Estonia’s Baltic Defense Line section taking shape in Setomaa’s forests

Twenty-eight bunkers and more than 10 kilometers of anti-tank ditches have been dug in southeastern Estonia as work on the Baltic Defense Line progresses. Estonia, Latvia and Lithuania are strengthening [..]

The big squeeze: Lithuanians living in smaller homes as apartment sizes shrink

By Justina Ilkevičiūtė, LRT TV, LRT.lt. Lithuanians are living in increasingly smaller homes, while the average living space available per person remains below the European Union average, according to Eurostat [..]

Latvijas Banka grants crypto-asset service licences to Bleap SIA and Hodleris SIA

The Supervision Committee of Latvijas Banka issued crypto-asset service licences to Bleap SIA and Hodleris SIA, allowing both companies to operate under the European Union’s Markets in Crypto-Assets Regulation (MiCA). [..]

Estonian intel: 82% of foiled terrorist attacks in Ukraine involved Telegram agents

The overwhelming majority of uncovered terrorist attacks in Ukraine were carried out by people using the Telegram messaging app, the Military Intelligence Center of Estonian Defense Forces has said. Information [..]

Lithuania’s public beaches: municipalities plan investments to expand lakeside access

By Rūta Ribačiauskienė, LRT TV, LRT.lt. Growing interest in outdoor recreation and swimming is driving demand for public beaches across southern Lithuania, prompting municipalities to invest in new waterfront infrastructure [..]

Inclusive by design: NEO-CYCLE’s commitment to women in deep tech

Gender equality as continuous practise of the project Despite making up over half of EU higher education graduates, women still represent only 29% of doctoral graduates in science and engineering [..]

Ministry wants better rules for short‑term apartment rentals

The Ministry of Economic Affairs wants clearer rules for short‑term apartment and house rentals in Estonia to bring more order to the market and ensure fairer competition. Short‑term rentals through [..]

President Alar Karis will not run for second presidential term

President Alar Karis said in his Victory Day parade on Tuesday that he will not stand as a candidate at this autumn’s election, putting an end to months of speculation. [..]

Lithuanian government resigns following coalition reshuffle

Lithuania’s government has formally resigned after a major reconfiguration of the country’s ruling coalition, opening the way for the appointment of a new prime minister and cabinet. The outgoing administration [..]

airBaltic extends Vilnius–Berlin service into winter season

Latvian airline airBaltic has announced that it will extend its direct service between Vilnius (Lithuania) and Berlin (Germany) into the upcoming winter season, transforming the route into a year-round connection [..]

Attack drone carrying 5 kilograms of explosives found in south Estonia

An attack drone carrying 5 kilograms of explosives was found in south Estonia and authorities said it could be linked to a Ukrainian strike on Russia in early June. The [..]

Helsinki is main global gateway for Estonian air passengers

During the summer season, Finnair serves a total of up to 86 flights per week from three Estonian airports, company’s Baltic market manager Arunas Skuja said in a Delfi interview. [..]

Latvia launches public platform for real-time monitoring of political radio ads

Latvian tech startup “Spotwise” has launched a free platform that lets anyone track political advertising activity on radio broadcasts across Latvia in real time. The platform was created at a [..]

From a university lab to 80 countries: the rise of Lithuania’s laser industry

Six decades ago, physicists at Vilnius University fired up the country’s first ruby laser. Today, Lithuania exports laser technology to more than 80 countries, and the sector is growing at [..]

Behind the propaganda: why makeup influencers are suddenly talking politics

By Jurga Bakaitė, LRT.lt. When a Facebook group dedicated to selling second-hand clothes or home fragrances suddenly starts posting about government scandals and geopolitical conspiracies, most users scroll past without [..]

Estonia to become first country to issue ID codes to AI agents

Estonia plans to become the first country in the world to introduce digital identities for AI agents to better regulate the industry, Prime Minister Kristen Michal (Reform) has said. Granting [..]

Lithuania ready to send combat divers to assist with US Hormuz demining mission

By LRT TV, LRT.lt. The Lithuanian Armed Forces are ready to deploy a team of 10 demining specialists to support a US-led international mine-clearing operation in the Strait of Hormuz, [..]

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

On 18 June, the Supervision Committee of Latvijas Banka issued a licence to SIA AlphaRoute for the provision of crypto-asset services. A licence for the provision of crypto-asset services authorises [..]

A new neighborhood is being built in Riga – “Pro Kapital” begins €23 million “Blue Marine° Residence” project in Klīversala

One of the largest premium-segment developers in the Baltics, “Pro Kapital,” embedded a time capsule on June 17 at the upcoming premium residential project “Blue Marine° Residence” in Klīversala, Rīga. [..]

Signet Bank finances the growth of Latvian private equity firm Global Champs through the acquisition of a mushroom farming company in Lithuania

Global Champs, a Latvian-owned company, has acquired Baltic Champs, a Lithuanian mushroom cultivation company, from the Lithuanian agricultural group Auga Group, supported by EUR 5 million in financing provided by [..]

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