Latvia

AS Grenardi Group’s subordinated bond offering exceeds the initial target by 30%

AS Grenardi Group, a leading jewellery retailer in the Baltics, has successfully raised EUR 7 million through its subordinated bond offering. Total investor demand reached EUR 9.01 million, exceeding the [..]

Latvijas Banka is issuing two licences to Trek Technologies SIA – for the provision of crypto-asset services and to operate as a payment institution

On 27 May, the Supervision Committee of Latvijas Banka decided to issue to Trek Technologies SIA a licence for the provision of crypto-asset services and a licence to operate as [..]

Signet Bank increases capital to strengthen financing for supporting growth of local businesses

Signet Bank AS has completed another capital increase and investor attraction round, as a result of which the bank’s equity was increased by EUR 10 million, surpassing EUR 60 million. [..]

“Alpha Baltic Media” strengthened its position in Latvia last year – revenue reached €3.4 million, growth at 28%

SIA “Alpha Baltic Media”, operating under the brand name “Alpha”, continues on its growth trajectory. In 2025, the company’s net turnover increased by 28.2% to €3,413,306, while profit rose by [..]

Largest taxpayers of 2025 honoured at official ceremony

The State Revenue Service (SRS) annually presents awards to Latvia’s largest taxpayers – companies whose responsible, sustainable, and fair business practices make a significant contribution to the country’s economic development. [..]

Drone crashes and explodes in Latvia

An unidentified drone crashed into a lake in eastern Latvia earlier today, exploding on impact and triggering a response from emergency and security services, according to local reports. Authorities received [..]

The first apartment building of the “Hartmaņa Kvartāls” project in Torņakalns has been commissioned

Following an investment of EUR 7 million, the first residential building of the new “Hartmaņa Kvartāls” development by real estate developer Bonava Latvija has been commissioned in Torņakalns, at 51 [..]

“McCANN Riga” Campaign “School as a Marathon” Wins Baltic Campaign of the Year at the ADwards Festival

On May 15 this year, the ADwards festival brought together professionals from Latvia’s advertising, design, and broader creative industries to identify the most outstanding work in the field under the [..]

LMT IoT and Infineon announce partnership to accelerate connected edge AI product development

Vienna/Riga, May 21, 2026 – LMT IoT and Infineon Technologies AG announced a new cooperation aimed at helping startups and product companies develop, deploy, and scale connected edge AI products [..]

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

On 20 May, the Supervision Committee of Latvijas Banka issued a licence to Neverless SIA for the provision of crypto-asset services. The company is authorised to provide the following crypto-asset [..]

London-awarded Latvian gin brand “Hedonya” invests over €250,000 in development and challenges global beverage brands

Latvian premium gin brand “Hedonya” continues its strategic growth by investing more than €250,000 in product development while simultaneously expanding its retail presence across the Baltics. By summer, the company [..]

Capalo AI to optimize and trade Aretis Group’s hybrid and battery storage portfolio in Latvia

Capalo AI, a sustainable technology company specializing in AI-driven optimization, trading, and aggregation services for energy storage, has signed an agreement with Aretis Group, one of the most active battery [..]

Signet Bank becomes the first bank in the Baltics to offer the world elite business card to entrepreneurs

Signet Bank, in cooperation with Mastercard, is introducing a new offering in the credit card segment for its clients starting today – the first World Elite Business card in the [..]

Adwards 2026 celebrates the best creative work from across the Baltics

From May 14–15, professionals from the Baltic advertising, design, and wider creative industries gathered in Riga at the Zuzeum Art Centre for Adwards, a festival celebrating creative excellence. The strong [..]

Latvia faces political crossroads as government resigns and coalition talks intensify at presidential level

Latvia has entered a period of political transition after Prime Minister Evika Siliņa announced the resignation of her government, opening the door to intensive coalition negotiations and consultations at the [..]

Riga to host northern Europe’s leading science-based technology conference “Deep Tech Atelier 2026”

On May 14–15, Riga will host the eighth edition of “Deep Tech Atelier 2026”, Northern Europe’s largest conference dedicated to science-based technologies. The event has become a major platform for [..]

Latvian businesses build new partnerships in Sweden in technology, defence and green transition sectors

An official visit to Sweden organized by the Investment and Development Agency of Latvia (LIAA) and led by Latvian Minister of Economics Viktors Valainis has concluded successfully. During two days [..]

Latvia faces deepening government crisis amid speculation over Prime Minister’s resignation

Latvia is facing a rapidly escalating political crisis as speculation grows over the possible resignation of Prime Minister Evika Siliņa following mounting pressure from coalition partners and opposition parties. On [..]

Adwards 2026 finalists announced; Festival invites attendees to lectures, discussions, and the awards ceremony

The finalists of Adwards 2026, a competition celebrating advertising, design, and other creative industries, have been announced. A total of 37 agencies and studios from across the Baltic States have [..]

LMT IoT and Infineon launch mentorship program for cellular edge AI startups

LMT IoT and Infineon Technologies AG, a global semiconductor leader in power systems and IoT, have launched a new mentorship program for startups and product companies developing IoT devices that [..]

AS Grenardi Group launches new subordinated bond offering with 10% fixed annual interest and bond exchange offer

AS Grenardi Group invites investors to subscribe to subordinated bonds with a fixed annual interest rate of 10% from 13 May to 26 May 2026. The bonds are offered to [..]

Latvijas Banka is issuing two licences to SIA Paybis Europe – for the provision of crypto-asset services and for the operation of a payment institution

On 12 May, the Supervision Committee of Latvijas Banka decided to issue to SIA Paybis Europe a licence for the provision of crypto-asset services and a licence for the operation [..]

Court Administration integrates data systems – case workload problems can now be detected earlier

The Court Administration of Latvia has implemented data source integration within its data analytics solution, providing a unified view of court performance indicators, including case flow, adjudication speed, court workload, [..]

Memorandum of cooperation signed between the Port of Riga and global port operator AD Ports Group

In Riga, at the premises of the Investment and Development Agency of Latvia (LIAA), a Memorandum of Understanding was signed between the Abu Dhabi-based, publicly listed global ports and logistics [..]

Storent reports 35% total revenue growth in 2025, driven by expansion and U.S. company acquisition

Storent, an equipment rental company operating across the Baltics, Nordics and the United States (U.S.), announces its audited pro-forma financial results for 2025, marking a year of strong growth and [..]

Signet Bank Provides EUR 2 million in financing for the development of the “Ziedoņdārza pērle” residential project

The development of the “Ziedoņdārza pērle” residential project has secured EUR 2 million in financing from Signet Bank. The financing will support the development of a new residential project comprising [..]

LIAA organizes Latvian business trade mission to Sweden

The Investment and Development Agency of Latvia (LIAA) will organize a Latvian business trade mission to Sweden on May 11, 2026, led by Minister of Economics Viktors Valainis. A total [..]

Latvian-founded workplace messaging app BirdyChat launches across Europe after raising €1.7M

BirdyChat, a workplace messaging app founded in Latvia, has raised €1.7M to accelerate its European expansion. Backed by early-stage European and Baltic investors including DIG Ventures, Change Ventures, and Tiny [..]

A shipment of aviation fuel from Norway arrives at the Port of Riga, strengthening supply security in Latvia

On 5 May 2026, the vessel STEN ARNOLD arrived at the Port of Riga, at the berth of SIA PARS TERMINĀLS, delivering 12,000 tonnes of aviation fuel from Norway. The [..]

Latvia marks restoration of independence day on May 4

On May 4, Latvia marks one of the most significant milestones in its modern history – the adoption of the declaration on the restoration of independence of the Republic of [..]

Latvian entrepreneurs return from Poland and Ukraine with tangible results – signed memoranda, new project pipelines and expanded market opportunities

During the trade mission to Poland and Ukraine organised by the Investment and Development Agency of Latvia (LIAA) and led by Minister of Economics Viktors Valainis, three cooperation memoranda were [..]

Latvian fintech companies are strengthening their cooperation in the United Kingdom

On Tuesday, April 21, in London, Latvia’s fintech (financial technology) sector participated with a joint delegation and a national booth in one of the world’s most significant financial technology events—the [..]

Latvia strengthens economic cooperation with Poland and Ukraine – focus on investment and high value-added sectors

Under the leadership of Minister of Economics Viktors Valainis, a delegation of Latvian entrepreneurs will depart on Thursday, April 23, for a working visit to Poland and Ukraine. The trade [..]

Delska opens a 10 MW data center in Riga

Delska inaugurated a new 10 MW data center in Riga. The new facility is one of the most powerful and sustainable next-generation data centers in the Baltics. This marks an [..]

85% of Latvians say cutting red tape is an urgent priority – and three in four find bureaucracy simply too high

Latvia’s residents are sending an unambiguous message to their government: the country’s bureaucratic machinery is too large, too slow, and not improving fast enough. According to a nationally representative survey [..]

LMT Group demonstrates a new tool for monitoring greenhouse gas emissions at Hamburg port

On April 15, 2026, at the Germany–Latvia Ports Days in Hamburg, LMT Group demonstrated a new solution for monitoring port equipment activity and estimating greenhouse gas (GHG) emissions using video [..]

Creative services export platform “Neverending” is being developed in Riga; five million euros to be invested in its growth

A creative services export platform, “Neverending,” is being established in Riga with the aim of strengthening the international competitiveness of Latvia’s creative industries and positioning Riga as a Baltic hub [..]

Baurum acquires one of the largest historic properties in central Riga

Real estate developer and asset manager Baurum has acquired a historic building at 5a Blaumaņa Street in Riga. The transaction ranks among the most significant deals of its kind in [..]

Submission period for Adwards 2026 extended to April 15

The submission period for the advertising, design, and other creative industries competition Adwards 2026 is rapidly approaching its close. The Latvian Art Directors’ Club (LADC) invites creative professionals and teams [..]

Memorandum signed to promote investment in Latvia’s transport and logistics sector

On April 1, 2026, a memorandum of intent was signed at the Ministry of Economics to promote long-term investment in Latvia’s transport and logistics sector. The memorandum was signed by [..]

LMT Group’s traffic monitoring solution drives 66% reduction in red-light violations in Riga

New data from LMT Group’s traffic monitoring solution in Riga shows that red-light violations in Latvia’s capital have dropped by 66% over the last six months since setting up the [..]

Latvia to receive EIB guidance on unlocking stronger tech innovation

The European Investment Bank (EIB) will advise Latvia on accelerating the development of high-growth business sectors. Through this new cooperation with the Ministry of Economics and the Investment and Development [..]

Minister of Economics: In a predictable business environment, digital assets can significantly drive innovation

Blockchain technologies and digital assets can become a major driver of innovation within a secure, transparent, and predictable business environment, and it is crucial for Latvia to capitalize on this. [..]

Delfi acquires a Tet subsidiary – one of the largest training centres in the Baltics

Latvia’s leading digital media company Delfi has signed an agreement to acquire Baltijas Datoru Akadēmija (BDA), a training centre and subsidiary of Tet. BDA is one of the largest professional [..]

The New York Latvian house – property, symbol, or a test of diaspora unity?

By journalist Inga Karlinska. The potential sale of the New York Latvian House has, in recent months, become one of the most sensitive issues within the Latvian diaspora in the [..]

Startups awarded over 600,000 EUR in prizes at TechChill Riga Founders Battle

TechChill has come to a close, awarding startups over 600,000 EUR in prizes after the conclusion of the Founders Battle. The main prize winner was Deep Space Energy, who received [..]

“You are digital, fast, and efficient,” Commissioner Zaharieva tells Baltic audience during landmark visit to the region

On March 26, 2026, the Baltic startup ecosystem took center stage as the Baltic Startup Policy Forum convened in Riga. The event was held as a high-level side event of [..]

Latvian startup L-Blend to unveil non-alcoholic wine-based functional ingredient at TechChill 2026

Latvian FoodTech startup L-Blend will present its patented technology for producing non-alcoholic dietary supplement ingredients derived from wine and dietary fibre at TechChill 2026. The developed technology enables the preservation [..]

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 [..]

EURO

Trending

Tallinn

loader-image
temperature icon 13°C
clear sky
Wind Gust: 0 Km/h
Clouds: 0%

Riga

loader-image
temperature icon 12°C
few clouds
Wind Gust: 41 Km/h
Clouds: 20%

Vilnius

loader-image
temperature icon 13°C
clear sky
Wind Gust: 24 Km/h
Clouds: 0%