Latvia

Don’t miss the chance to register for the most ambitious deep tech conference, “Deep Tech Atelier 2026”

On May 14–15, Riga will host the eighth edition of “Deep Tech Atelier,” Northern Europe’s largest conference on data-intensive entrepreneurship, bringing together more than 2,000 scientists, technology experts, entrepreneurs, investors, [..]

BDO young artists award winner to be announced at award ceremony

The sixth BDO Young Artists Award ceremony will take place on Thursday, March 26, at the experimental art space PILOT. The winner of the main award will receive a €2,000 [..]

Could Latvia replicate Lithuania’s crowdfunding success story?

While Lithuania has in recent years emerged as one of the most active crowdfunding markets in Europe, the sector in Latvia is still at an early stage of development. According [..]

airBaltic suspends Dubai flights until October 2026; Free rebooking available to 80+ destinations

Due to the current security situation in the Middle East, the Latvian airline airBaltic announces that it will cancel all scheduled flights to and from Dubai (United Arab Emirates) until [..]

Critical thinking in jurisprudence in the age of AI: University of Latvia law students learn a new approach to legal case research

The creators of the legal research platform Lexu AI demonstrated to students at the Faculty of Law of the University of Latvia how artificial intelligence can significantly facilitate the study [..]

Lido’s parent company plans major investments in the Baltics and Finland – investors have the opportunity to participate in the company’s growth

Apollo Group, the parent company of Lido and the largest entertainment and restaurant operator in the Baltics, plans to invest approximately €30 million in Finland and make significant investments across [..]

Signet Bank Group increases lending and capital market transactions volume in 2025, with profit increasing by 60%

In 2025, Signet Bank Group continued to strengthen its position as one of the leading financial services groups in Latvia, bringing together banking, investment management, fintech and specialized lending companies [..]

50% of survey respondents believe an offshore wind park will have a positive impact on Latvia’s economy

The latest survey data show that public awareness in Latvia about wind park development plans and energy security issues is gradually increasing. For example, 65% of respondents in a survey [..]

Lords LB Baltic Green Fund (V) and bank Citadele conclude largest office lease transaction in Latvia over the past year

Lords LB Baltic Green Fund (V), managed by Lords LB Asset Management, has signed a long-term office lease agreement with the anchor tenant of the Citadele Business Center – bank [..]

Applications open for Business incubation programme – entrepreneurs can receive up to 70% support

From March 9 to March 31, applications are open for the Business Incubation Programme at 20 regional offices of the Investment and Development Agency of Latvia (LIAA), as well as [..]

Estonian real estate developers complete residential quarter in Riga

The residential quarter Parka Kvartāls in Riga, a 13-million-euro joint project by Estonian real estate developers Invego and Reterra, has been fully completed. All apartments have now been handed over [..]

airBaltic’s departure airport for Friday’s repatriation flights changed to Al Maktoum International Airport

The departure airport for repatriation flights operated by Latvian national airline airBaltic, scheduled for Friday with departure times from Dubai at 17:50 and 18:50 Dubai time, has been changed from [..]

European fashion brand “TATUUM” officially begins its expansion in the Baltic region by opening its first store in Riga

Affordable premium European fashion brand “TATUUM” has officially entered the Baltic market this year, opening its first store in Riga. The new store opened its doors to customers on Saturday, [..]

Latvians raise €500,000 in 60 seconds to deliver frontline evacuation systems to Ukraine

€500,000 was pledged in under 60 seconds in Latvia on February 24th, the 4-year anniversary of Russia’s full-scale invasion of Ukraine, to accelerate the delivery of frontline evacuation systems for [..]

Value of the Indexo Real Estate Fund portfolio managed by Provendi Asset Management has almost quadrupled in two years

Indexo Real Estate Fund, managed by alternative investment fund manager Provendi Asset Management, has demonstrated rapid and consistent growth since the start of operations, and has almost quadrupled the volume [..]

New banking licence in Latvia could pave the way for new market entrants

Amendments to the Credit Institutions Law, which entered into force on 6 January 2026, introduce a new category of financial market participant in Latvia — specialised credit institutions. According to [..]

EU startup policy discussion comes to Riga with Startup Commissioner’s first visit to Latvia for TechChill 2026

The European Commissioner for Startups, Research and Innovation, Ekaterina Zaharieva, will attend the Baltic Startup Policy Forum in Riga, hosted by the Latvian Startup Association Startin.LV and held during TechChill [..]

Polish “affordable premium” brand “TATUUM” enters the Baltic market and will open its first store in Riga

A new player in the affordable luxury, or “affordable premium,” segment is entering the fashion market in Latvia. Polish clothing brand “TATUUM” will open its first store on 28 February [..]

A time capsule placed into the structure of the CENTRUS – new quarter of Riga city center

On Friday, 20 February 2026, a symbolic and significant event took place in the CENTRUS – a time capsule containing a message for future generations was placed into the structure [..]

High productivity and competitive wages: Latvian Startup Report 2025 published

The Latvian Startup Association Startin.LV has published the annual report – Latvian Startup Report 2025, which marks a clear trend – startups in Latvia continue to grow and become an [..]

New U.S. ambassador to Latvia begins service, highlights security and economic cooperation

The newly appointed United States Ambassador to Latvia, Melissa Argyros, has officially begun her service, emphasizing the shared values and strategic priorities that define the partnership between the two countries. [..]

Latvia’s internationally recognised AML/CFT system strengthens its position as a leading EU fintech and Web3 hub

Latvia has received a landmark international assessment confirming the country’s effectiveness in combating money laundering, terrorism and proliferation financing, further strengthening its reputation as a secure, transparent and innovation-driven country. [..]

FREETOUR.com announces 2026 awards: Riga tour company named Best Worldwide

FREETOUR.com, the world’s leading platform for free walking tours, announced the winners of its 10th annual FREETOUR.com Awards 2026, celebrating the top free tours worldwide. Riga tour company Free Tours [..]

ACA Timber: Investments undertaken on the basis of Competition Council approval and valid long-term logging agreements

SIA ACA Timber, an international timber trading and logistics company backed by Latvian, Swedish and German investors, expresses serious concern regarding the potential termination of long-term logging agreements (LLA) with [..]

Latvian optical salon chain becomes the first in Latvia to introduce digital vision tests and AI-driven analysis

Latvia’s optical retail sector has significant potential for technology adoption – globally, digital and artificial intelligence solutions are increasingly used in vision diagnostics, while their integration in the local market [..]

LMT Group partners with the European Space Agency to develop global dual-mode satellite IoT

Latvian technology company LMT Group has announced a strategic 12-month development initiative in collaboration with the European Space Agency (ESA) to pioneer a new generation of universal IoT (Internet of [..]

Signet Bank extends EUR 4 million loan to LED lighting manufacturer Vizulo

Signet Bank has granted a EUR 4 million loan to LED lighting solutions manufacturer Vizulo to develop energy-efficient and sustainable lighting solutions and strengthen the company’s competitiveness in international markets, [..]

Apollo Group begins journey to the stock exchange

Apollo Group, a leading entertainment and restaurant operator in the Baltics with one million loyalty customers, is planning its journey to the stock exchange. As a first step, the company [..]

For development of energy sector, it is important to think beyond electoral cycles – University of Latvia rector

When it comes to developing the energy sector, it is important to think in a longer perspective than an election cycle, University of Latvia rector Gundars Berzins said at the [..]

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 [..]

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