Latvia

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 [..]

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 [..]

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