Latvia

Five tips for better waste sorting at home

Waste sorting in Latvia is becoming increasingly important, as it has a direct impact on resource sustainability. However, sorting is often not of sufficient quality – many residents do not [..]

Russian special services remain most significant threat to Latvia’s security – State Security Service

Last year, the most significant threat to Latvia’s national security was invariably posed by Russian special services, and this year the level of Russian aggression will remain high and is [..]

US-based J.P. Morgan chosen as legal adviser for buyout of LMT and Tet

A team of advisers led by US-based J.P. Morgan has been chosen to provide legal advice for the transaction in which Latvia will buy out shares in Latvijas Mobilais Telefons [..]

Latvia’s creative agency “McCann Riga” recognised as the best in the Baltics

“McCann Riga” has been named this year’s best creative agency in the Baltics. This title is awarded based on an overall ranking compiled from the most significant international advertising and [..]

SEB raises Latvia’s GDP growth projection for 2026 to 2.3%

SEB has raised its forecast for Latvia’s gross domestic product (GDP) growth this year to 2.3 percent from 1.9 percent in November 2025, according to the bank’s latest SEB Nordic [..]

KFC opens new fast-food restaurant in Riga

The fast food chain Kentucky Fried Chicken (KFC) has opened a new restaurant on Krasta Street in Riga, the company told LETA. The company did not disclose the amount of [..]

Balcia expands its Management Board, strengthening claims processes and digital innovation

The Insurtech company Balcia has expanded its Management Board with the appointment of Artur Senčenko, General Director of Balcia’s Lithuanian branch. In his new role, he will focus on driving [..]

Latvia’s Ministry of Economics reports 12% productivity increase after institution-wide time tracking trials

Latvia’s Ministry of Economics has concluded a year-long time tracking trial, which has resulted in a 12% increase in productivity, faster decision-making, and shorter coordination cycles. The aim of the [..]

Riga city council signs contract for Vanšu Bridge reconstruction

On Friday, Riga City Council signed a contract for the reconstruction of the Vanšu (Suspension) Bridge, the municipality informed LETA. As reported, the reconstruction of the Vanšu Bridge will cost [..]

AS PUTO develops contactless self-service and portal-type car washes with financing from Signet Bank

Signet Banka, a local bank, has granted EUR 6.88 million in financing to AS PUTO, the largest self-service contactless car wash chain in Latvia, supporting the company’s future growth in [..]

TechChill sets a record with €1M Founders Battle prize pool

To celebrate its 15th anniversary, the leading Baltic startup and technology conference TechChill has unveiled its largest-ever prize pool for the TechChill Founders Battle pitch competition – €1 million. Startups [..]

Last year was a year of stabilization and transition in Latvian housing market – Merko Majas

Last year was a year of stabilization and transition in the Latvian housing market, in which buyers became more active again after the previous period of caution, Roberts Reboks, Member [..]

What are Latvia’s sports stars doing in the waste management sector? Ozolins, Ostapenko and Grazulis join forces to tackle Latvia’s waste challenge

In Latvia, the issue of waste has long gone beyond containers and sorting rules — it is fundamentally about habits that fail to change. This is precisely why those least [..]

Fuel prices decline in Riga, up in Tallinn and Vilnius

Fuel prices this week have risen in Tallinn and Vilnius, but declined in Riga, LETA has found out. The most expensive 95-octane fuel is in Riga, followed by Vilnius and [..]

Most visited website in Latvia in December 2025 was inbox.lv

The most visited website in Latvia in December 2025 was inbox.lv, which was viewed 786,784 times, according to the latest data published by the international internet research and technology company [..]

Why is Latvia increasingly on the fintech shortlist?

Latvia has recently attracted increased attention within Europe’s fintech community, particularly among organisations planning to launch innovative financial services. The interest is driven by a combination of regulatory clarity, structured [..]

Real estate prices to continue rising this year – YIT Latvija

This year, real estate prices are likely to continue rising, Andris Boze, a board member of housing developer and construction company YIT Latvija, told LETA. He noted that housing prices [..]

Minimum monthly wage to increase to €780

The minimum monthly wage in Latvia is set to increase by €40 to €780 in 2026. As reported, the non-taxable minimum will also rise by €40 next year, from €510 [..]

Latvia’s catering prices reach record high, says Restaurant Association

The price level in Latvia’s catering industry has reached its highest point to date, Janis Jenzis, head of the Latvian Restaurant Association, told LETA. He noted that 2025 is expected [..]

Demand for a high-quality electricity supply will continue to grow – Sadales tīkls

Demand for a high-quality electricity supply and sufficient capacity will increase next year, while public expectations regarding service quality will also continue to grow, Sandis Jansons, Chairman of the Board [..]

Secure payments one of the financial industry’s priorities this year – Luminor Bank

Secure payments and fraud prevention have been among the financial sector’s priorities this year, Gita Jursane, Deputy Head of Luminor Bank’s Latvian branch, told LETA. With the new European Union [..]

Fierce competition in the Latvian fuel market continued this year – Circle K

The fuel market in Latvia remained fiercely competitive this year, Gatis Titovs, fuel category manager at fuel retailer Circle K Latvia, told LETA. He noted that 2025 was a highly [..]

Bolt introduces its first TapBox screens at Riga Airport in Latvia – for ordering rides without an app

Ride-hailing platform Bolt introduces its first TapBox self-service screens at Riga Airport in Latvia, allowing passengers to conveniently and quickly order a ride without using the app. This solution greatly [..]

Latvia’s new car registrations grow faster than EU average in January–November – ACEA

In January–November, new car registrations in Latvia increased by 32.7 percent, outpacing the European Union (EU) average, according to the latest data published by the European Automobile Manufacturers Association (ACEA). [..]

Food prices in Latvia begin to follow global trends – Kazaks

Food prices in Latvian shops are starting to follow global trends, Bank of Latvia President Mārtiņš Kazāks said in an interview with commercial television channel TV3 on Wednesday. He noted [..]

Number of housing transactions in Latvia increased by 20% over nine months – Latio

The number of housing transactions in Latvia has increased by about 20 percent in the first nine months of this year, real estate company Latio told LETA. The company noted [..]

AS Grenardi Group acquires SIA Goldwork, strengthening its position in the Baltic jewellery market

AS Grenardi Group, the leading jewellery retailer in Latvia, is acquiring SIA Goldwork, a company specializing in professional jewellery repair services. Under the agreement, SIA “Goldwork” will join AS “Grenardi [..]

Demand for small commercial spaces in Riga continues to grow – Nordspace expands its smart business park portfolio in Latvia

The smart premises business park developer Nordspace has completed the construction of its third smart business park in Latvia – Lubānas – while simultaneously launching the second development phase of [..]

Latvian company Mobilly receives €4 million in development funding from Signet Bank

Signet Bank, a local Latvian bank, has granted €4 million in financing to Mobilly, a mobile payment solution developed in Latvia, supporting the company’s future growth and development of digital [..]

Rietumu Banka issues a EUR 3.9 million loan to ABC Parking for the acquisition of the Jēkaba Kazarmas parking complex

Rietumu Banka has issued a EUR 3.9 million loan to ABC Parking for the acquisition of the Jēkaba Kazarmas parking complex, the bank told LETA. ABC Parking will acquire 100 [..]

Fintech in Latvia: 127 companies, 91 million in taxes, and the ambition to grow in global markets

There are 127 financial technology companies operating in Latvia, employing more than 3,600 people, generating a turnover close to 400 million euros, and paying over 91 million euros in taxes [..]

Emirati carrier flydubai aims to increase Riga – Dubai flight frequencies

The United Arab Emirates (UAE) airline flydubai hopes to increase flight frequencies between Riga and Dubai, Jeyhun Efendi, Senior Vice President for Commercial Operations and E-Commerce at flydubai, told LETA. [..]

Škoda Group could open a vehicle service and maintenance center in Latvia

Czech public transport vehicle manufacturer Škoda Group is considering opening a vehicle service and maintenance center in Latvia, Škoda Group CEO Petr Novotný said in an interview with LETA. Taking [..]

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

On 10 December, the Supervision Committee of Latvijas Banka issued a licence to Nexdesk SIA for the provision of crypto-asset services. The company is entitled to provide the following crypto-asset [..]

LMT Group completes strategic pivot, transforming from telco operator to technology company

Latvian mobile innovator LMT Group (also known as LMT) presented the latest newcomer to its product and solutions suite – IoT Shortcut. With this move, LMT Group embraces its new [..]

Epson opens new European business services center in Riga

Technology innovator Epson has opened its new European business services center in Riga, Madara Oga of the Riga Investment and Tourism Agency’s International Marketing Department informed LETA. According to the [..]

Seven Latvian companies are included in this year’s Coface Top 50 ranking of the largest Baltic companies

This year’s Top 50 ranking of the largest companies in the Baltics, compiled by the international risk management company Coface, includes 28 companies from Lithuania, 15 from Estonia and seven [..]

The Saeima supports raising excise taxes on alcohol, tobacco, and sweetened beverages

On Thursday, the Saeima passed amendments to the Excise Duty Law, providing for an increase in excise duties on alcohol, tobacco, and sweetened beverages. The draft law is linked to [..]

Experts agree that the Baltic capital market development is becoming a strategic priority for the region’s economies

Riga hosted the Baltic Capital Markets Conference 2025, the largest capital markets conference in the Baltics, which brought together more than 500 participants and 35 speakers – international and local [..]

No such thing as “waste” heat in the winter: Bitcoin mining datacenter developed in Latvia will heat Scandinavian towns

Power Mining, one of the world’s leading personal Bitcoin mining device manufacturers, has developed a portable datacenter that will heat towns using residual heat from Bitcoin mining. The first two [..]

Reconstruction of the Vanšu Bridge will cost EUR 69.8 million

The reconstruction of the Vanšu (Suspension) Bridge will cost EUR 69,802,998, according to information published in the Electronic Procurement System. The municipality has selected the supplier association Vanšu Tilts as [..]

Apartment complex NOBLE in Jūrmala receives European best project award

The luxury apartment complex NOBLE in Jūrmala, Latvia, developed by River Properties, has received the European Best Project Award in the prestigious International Property Awards competition in the category “Best [..]

Latvia and Estonia complete project on technological solutions and production opportunities for SAF

Latvia and Estonia have completed a project on developing technological solutions and production possibilities for sustainable aviation fuel (SAF) with the support of the European Commission (EC), LETA was told [..]

The proportion of remote workers fell in the third quarter

In the third quarter of this year, 10.3 percent of employees worked remotely, which was 3.1 percentage points less than in the second quarter, according to data compiled by the [..]

SmartLynx Airlines suspends operations

Latvia-based SmartLynx Airlines suspended operations on Monday, the company informed LETA. The decision was made after assessing the company’s financial situation and long-term prospects. SmartLynx Airlines CEO Edvinas Demenius said [..]

Riga will start charging rent for municipal apartments in six months

A new regulation on renting municipal apartments has been drafted in Riga, which provides that from May next year the municipality will start charging rent to tenants – something that [..]

Construction of the second phase of the CENTRUS quarter begins Five new buildings in the heart of Riga

Real estate developer “Centrus Real Land” has launched construction of the final phase of the CENTRUS quarter. The five new residential buildings with high-quality apartments and commercial premises on the [..]

Christmas market to open in Riga’s old town next week

The annual Christmas Market is set to open in Dome Square, Riga’s Old Town, next Friday, LETA was told by Vecrīgas Ziemassvētku Tirdziņš, the company operating the market. The Christmas [..]

Industra Bank and Signet Bank grant €13 million loan to pharmaceutical manufacturer Kalceks

Industra Bank and Signet Bank have granted a syndicated loan of EUR 13 million to Kalceks, a company of the Grindex Group, to support its expansion in Western Europe, the [..]

Most people earn their income from wages

In the second quarter of this year, the majority of the country’s population aged 15-74 earned their income from wages and salaries, according to data compiled by the Central Statistical [..]

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