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  • July 29, 2025
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Latvia

SEB Banka now offers fully online company account opening in Latvia and Lithuania

SEB Banka in Latvia and Lithuania now offers online company account opening without the need to visit a branch, the bank informed LETA. In Estonia, this solution has already been [..]

An airBaltic flight en route from Riga to Reykjavik last Sunday returned to Riga due to a malfunction in the cabin air supply system

A flight operated by Latvia’s national airline airBaltic en route from Riga to Reykjavik last Sunday returned to Riga due to a malfunction in the cabin air supply system, the [..]

Electric car rental market in the Baltics is in sharp decline, says service provider

Traveling by electric car is one of the most prominent examples of how environmentally conscious thinking has taken root in travelers’ everyday habits. However, Alens Baibekovs, CEO of rental service [..]

LIDO announces ambitious expansion plans

Taking the next step in the company’s development, LIDO is launching a large-scale project – the creation of a new production, warehouse, and office building “LIDO House”. More than 40 [..]

Balticovo receives €30 million loan from Nordic Investment Bank for sustainable agriculture project

Balticovo, the leading egg and egg product producer in the Baltics, has signed a €30 million loan agreement with the Nordic Investment Bank (NIB). The funds will be used to [..]

Survey finds most people answer work calls even while on holiday in Latvia

A survey conducted by the telecommunications company Tele2 and the Norstat Latvija research firm has found that 86% of employed people in Latvia answer work-related phone calls whilst they are [..]

The hospitality industry has had a weak start to this year’s tourism season, according to the association

The 2025 tourism season has started poorly for Latvia’s hospitality industry, Andris Kalniņš (Greens/Farmers), President of the Latvian Association of Hotels and Restaurants (LVRA), told LETA. He noted that cool [..]

Signet Bank establishes the first open-ended Baltic corporate bond fund in the region

The investment management company Signet Asset Management Latvia of Signet Bank Group, has established an open-ended mutual fund Signet Baltic Bond Fund (hereinafter – the Fund), which is the first [..]

Latvian state-owned companies to buy out Telia shares in Tet, LMT

Latvia’s Cabinet of Ministers decided on Tuesday that state-owned companies Latvenergo and the Latvian State Radio and Television Centre (LVRTC) will buy out stakes which the Swedish telecommunications company Telia [..]

Mobilly posts revenue data

The IT company Mobilly earned revenues of EUR 4.169 million last year, which was 40.3% more than the year before, according to information on the Firmas.lv portal. The company’s profits [..]

Indexo plans to acquire the pension management company Vairo

The financial services group Indexo has reached an agreement with the pension management company Vairo on a share purchase transaction, according to an announcement to the Nasdaq Riga Stock Exchange. [..]

New apartment block in Saliena, Turaidas Street is being developed with EUR 3.1 million financing from Signet Bank

A residential quarter with a park – the low-rise residential complex ParkLife Apartments – is being actively developed in Saliena, Turaida Street, and Latvia’s leading investment bank Signet Bank has [..]

Bite Latvija plans to install 60 new base stations and upgrade 210 existing ones this year

Information and communication technology services provider Bite Latvija plans to install 60 new base stations and upgrade 210 existing ones this year. By the end of 2025, the company aims [..]

Signet Bank Group closes Q1 with strong loan portfolio and profit growth

Signet Bank Group (hereinafter – the Group) reported strong financial results in the first quarter of 2025. The Group’s loan portfolio grew by 16% to EUR 243 million compared to [..]

Survey: 14% of people in Latvia plan to spend €501 – €1,000 on travel this year

14 percent of people in Latvia are planning to spend between EUR 501 and EUR 1,000 on travel abroad or within the country this year, according to a survey commissioned [..]

Preparations begin for environmental impact assessment of Estonia–Latvia submarine cable

Estonia’s transmission system operator, Elering, has submitted the Environmental Impact Assessment (EIA) program for the planned marine section of the Estonia–Latvia electricity interconnection to the Estonian Consumer Protection and Technical [..]

Signet Bank grants €2.6 million in funding to AJ Power Corporate Group for energy storage technology development

Signet Bank has provided €2.6 million in funding to AJ Power Corporate Group, one of the leading private capital groups in Latvia, operating in the energy and waste management sectors. [..]

Oil Recovery wins three-year public tender for ship-generated waste management at the Port of Riga

Oil Recovery, a subsidiary of Eco Baltia, has won a public procurement tender announced by the Riga Freeport Authority for the provision of ship-generated waste and polluted water reception and [..]

Latvia to boost investment in European Space Agency

The government of Latvia on Wednesday gave its OK to a proposal from the Ministry for Education and Science to invest an additional EUR 4.9 million in the programmes of [..]

An agreement has been reached to strictly regulate the distribution of additional funding for medics’ salaries

Medical institutions providing state-funded inpatient healthcare services will now follow uniform guidelines for increasing pay to their medical staff, according to amended Cabinet regulations approved by the government. From now [..]

Balts prefer local tourism this year

People in the Baltic States are planning this summer to mostly travel within their own countries or neighbouring countries. This has been made clear in a survey that was commissioned [..]

66% of Latvians have considered career change during last five years

Almost two-thirds of people in Latvia (66%) report having considered a career change during the past five years. This was reported by the P&C Insurance company to LETA on the [..]

Linstow Baltic completes Satekles Business Center

Real estate developer Linstow Baltic has completed the Satekles Business Centre, a 13,500-square-meter A-class office complex in Riga, built at a cost of EUR 36 million, the company informed LETA. [..]

Latvia and Cyprus commit to constructive cooperation during Cyprus’ upcoming EU Council Presidency

President of Cyprus Nikos Christodoulides paid his first official visit to Latvia, emphasizing the strong and growing partnership between the two EU member states. During the visit, Christodoulides underlined that [..]

Latvia’s inflation was above the EU and euro area average in May – Eurostat

In May 2025, Latvia’s inflation rate was above the European Union (EU) average, according to data released by Eurostat on Wednesday. Latvia’s annual inflation stood at 3.7 percent in May. [..]

“Be original: Fakes will cost you your life!” – campaign launches to raise awareness of fake medicines

Latvia’s Patent Board is launching a new public information campaign, “Be original: Fakes will cost you your life!” The campaign is to run until the end of July, focusing on [..]

Scandinavian Astor Group procures ammunition manufacturer

The Swedish defence and security company Scandinavian Astor Group (SAG) has signed an agreement on the purchase of Latvia’s small-calibre ammunition company Ammunity, representatives of the latter firm told LETA. [..]

According to a survey, 80% of people consider scooters dangerous in traffic

The majority – 80 percent – of Latvian residents consider electric scooters dangerous in traffic, according to a survey cited by insurer Ergo and shared with LETA. As the popularity [..]

Latvian Parliament committee votes to ban Russians, Belarusians from real estate purchases

The Legal Committee of the Latvian Saeima (parliament) voted on Thursday to give third-reading approval to a new bill that would ban the states of Russia and Belarus and their [..]

Latvian PM: Local elections were secure

Latvia’s recent municipal elections were secure, and no external influence was detected, the country’s prime minister, Evika Silina, told Radio Latvia on Thursday. The premier said that this was confirmed [..]

Latvenergo acquires Eolus wind park project Pienava Wind

Latvenergo has acquired the Pienava Wind farm project from Eolus, the company announced in a statement to the Nasdaq Riga stock exchange. The value of the transaction has not been [..]

Baltic Fintech Paynt announces acquisition of Canadian firm, solidifying North American foothold

Paynt, a Latvia-based international payment technology company founded by Sam Kohli, has announced its acquisition of the Canadian firm E-xact Transactions. This landmark move marks a focused step in Paynt’s [..]

Latvia suspends Digital Development Agency Director over vote count problems in local election

The Latvian minister for smart administration and regional development, Inga Berzina, has announced the suspension of the director of the country’s State Digital Development Agency, Jorens Liopa, from his job. [..]

Mistakes must be examined to prevent repetition – PM

The mistakes that occurred during the recent municipal elections in Latvia should be thoroughly analyzed, and steps must be taken to ensure they are not repeated in the upcoming Saeima [..]

Latvia’s municipal elections: preliminary results show diverse local landscapes and increased voter turnout

Latvia’s Central Election Commission has released provisional results from the municipal elections held on June 7, painting a patchwork of outcomes across the country that largely reflect local dynamics. One [..]

Election campaigning is not allowed today or tomorrow in Latvia

Today, as well as on Saturday – the official day of Latvia’s municipal elections – the distribution of campaign materials in public spaces is prohibited, the Corruption Prevention and Combating [..]

EC: Latvia’s budget plans align with EU fiscal discipline rules

Latvia’s budget plans have been assessed as compliant with the European Union’s (EU) fiscal discipline rules, which sends a positive signal to investors, as the country is pursuing sound budgetary [..]

airBaltic launches new direct flights from Tallinn and Vilnius to Tirana

The Latvian airline airBaltic is expanding its connectivity to Albania by launching direct flights to Tirana from Tallinn (Estonia) and Vilnius (Lithuania). With this addition, all three Baltic capitals – [..]

More than 60% of Latvians plan travel this summer

More than 60% of Latvians are planning to travel this summer, the SEB Bank told the LETA News Agency on the basis of a survey. More than one-half plan to [..]

46% of Latvians earned extra income last year

Swedbank has told LETA that 46% of respondents in a survey in Latvia that was conducted by the Institute of Finance reported that they gained additional income during the course [..]

Riga Airport launches a tender for construction and operation of a full-service fuel station

RIX Riga Airport has announced an open tender for the granting of building rights for the construction and maintenance of a full-service fuel station near Riga Airport. The goal of [..]

Latvian State Audit Office criticises recovery of investments in airBaltic during Covid pandemic

The Latvian State Audit Office has charged the government with failing to monitor the recovery of investments made in the Latvian flag carrier airBaltic during the Covid-19 pandemic, seeing them [..]

Nonstop Riga-Dubai flights to begin in December

The United Arab Emirates airline flydubai will start operations at the Riga International Airport on December 12 this year, offering nonstop flights between Riga and Dubai three times per week, [..]

Latvian government minister: Health care, defence cannot be kept separate

Latvian Health Minister Hosam Abu Meri has declared that healthcare and defence are not separate in that it is impossible to make do without hospitals, medicines and physicians during wartime. [..]

Latvian PM: Latvia good place to invest in drone manufacturing

Latvian Prime Minister Evika Silina attended a defence innovation summit, Drone Summit 2025, in Riga on Wednesday, declaring that the use of drones will expand more and more in future [..]

Latvia’s first capital market activity barometer has been created

Latvia’s leading investment bank Signet Bank in cooperation with the national information agency LETA has developed the Latvian Capital Market Activity Barometer (hereinafter – the Barometer). It is the first [..]

Swedbank offering loan to building project in Riga

Swedbank Latvia has announced a loan of EUR 44 million to the Novira Plaza Riga business centre, which is being developed in Riga by the Lithuanian financial services company Evernord’s [..]

AirBaltic launches nonstop flights between Vilnius, Prague

The Latvian flag carrier airBaltic began nonstop flights between Vilnius, Lithuania, and Prague in the Czech Republic, on Thursday. Flights between the two capital cities will be offered on Thursdays [..]

Riga named as affordable destination for short European trips

The UK’s Post Office Travel Money 2025 study, as published in the Financial Times, shows Riga to be the most affordable destination for short trips in Europe, LETA learned at [..]

Brewery reports yearly rise in non-alcoholic beer sales

The joint-stock brewery Aldaris reports that it sold 21.4% more non-alcoholic beer last year than during the previous year. This was down to improved offers and the development of smaller-volume [..]

EURO

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A Lux Express bus traveling from Tallinn to Pärnu was involved in a serious traffic accident on Monday (July 28), injuring approximately 30 people. (Photo: Priit Mürk/ERR)

29 people injured in Lux Express bus crash

LHV Bank in Tallinn. Source: Martin Dremljuga/ERR

LHV demanding damages of €247 million from FIU over banking data access

Photo by a Cyprus-based eyewitness: View from Limassol Marina towards Omodos, with heavy smoke clouds visible in the sky and ash falling from the direction of the wildfire.

Massive wildfire forces evacuations near Malia, Cyprus

Publicity picture

LIDO announces ambitious expansion plans

Photo: rekvizitai.vz.lt (illustrative picture)

Lithuanian company signs another contract at German natural gas terminal

Photo: Pixabay.com (illustrative picture)

Lithuanian company imports EUR 50 million worth of IT services from Russia

High-rises in Tallinn. Source: Siim Lõvi /ERR

Estonia’s banks following LHV’s claim before taking action

26 June 2025, Berlin: A German police officer demonstrates a Taser 10. The gun shoots darts at wires, whose electrical impulses can be used to "immobilize" attackers. German police officers are set to be allowed to carry and use Tasers nationwide according to a new draft law proposed by the Interior Ministry, which is expected to be approved by the Cabinet on Wednesday. Photo: Michael Kappeler/dpa Credit: Michael Kappeler/dpa

Germany plans nationwide Taser use for police under new law

Jeanette Vitasp and Vladimir Mkhitaryan shaking hands after signing the agreement.

Balticovo receives €30 million loan from Nordic Investment Bank for sustainable agriculture project

Martin Sokk and Mihkel Aamer.

Lightyear closes $23M Series B, hits $1B in customer assets and launches AI-powered market intelligence

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Riga

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Vilnius

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