Latvia

Latvian defense technology gains international recognition as France selects Latvian-made interceptor drone system

Following a multi-vendor evaluation process organized by the French Defence Procurement Agency (DGA), France is set to become the fourth NATO member state in Europe to adopt the BLAZE autonomous [..]

Lexu AI integrates the full European Court of human rights case law database in Latvian

The AI-powered legal research platform Lexu AI has introduced one of the most significant developments in Latvia’s legal technology sector: the platform now provides access to the complete database of [..]

Latvia’s deep tech ecosystem makes a strong mark in Amsterdam

With more than 75 entrepreneurs, researchers, investors, innovation support organisations, and ecosystem stakeholders taking part, Latvia last week successfully concluded its participation in one of the world’s leading deep tech [..]

Latvia showcases strongest-ever presence at Eurosatory 2026 in Paris

More than 30 Latvian companies, industry organizations and public institutions are representing Latvia at Eurosatory 2026, one of the world’s most important defence, security and dual-use technology exhibitions, which opens [..]

More than 30 Latvian companies to participate in Europe’s leading defence technology exhibition, EUROSATORY 2026

One of the world’s most influential defence, security, and dual-use technology exhibitions, EUROSATORY 2026, will open in Paris on 15 June. The event will bring together more than 2,100 companies [..]

Latvian companies increasingly use the national economic representation network to expand into foreign markets

Strong interest in the Business Matchmaking Event held during Economic Representatives Week highlights the growing demand for practical export support. This week, representatives from 148 Latvian companies participated in 417 [..]

Latvijas Banka is issuing a licence to SIA Fibonatix (LV) to operate as a payment institution

On 11 June, the Supervision Committee of Latvijas Banka issued a licence to SIA Fibonatix (LV) to operate as a payment institution. The licence authorises the company to provide payment [..]

INVESTOR PULSE expands across the Baltics for the first regional retail investor study

The launch of INVESTOR PULSE 2026 marks the start of a Baltic-wide study aimed at providing deeper insight into retail investors’ investment habits, motivations, future expectations and attitudes towards capital [..]

Latvijas Banka has issued an authorisation to provide crypto-asset services to AS TWINO Investments

Latvijas Banka has issued an authorisation to provide crypto-asset services to the investment firm AS TWINO Investments in accordance with the requirements established in the Markets in Crypto-Assets Regulation (MiCA). [..]

Riga hosts global Aftercare Forum as investment agencies focus on the role of technology in driving competitiveness and long-term relationships with investors

Around 90 investment promotion, economic development and investment professionals from 20 countries are gathering in Riga this week from June 3-5 for the 2026 Aftercare Forum, the world’s only international [..]

Sunly and Rolls-Royce sign largest battery storage deal across Baltics

Sunly, one of the Baltics’ fastest-growing renewable energy platforms, and Rolls-Royce Power Systems have signed contracts to build four utility-scale battery energy storage systems (BESS) in Latvia with a combined [..]

Action guidelines developed in case of cell broadcast alerts in Latvia

The Crisis Management Centre, in cooperation with relevant agencies and field ministries, has developed the “Action Guidelines for Public Administration and Municipal Institutions, Essential Service Providers, Legal Entities and Other [..]

Signet Bank provides EUR 6.4 million financing for the development of multifunctional cargo terminal Agro Terminal Riga

Signet Bank has provided EUR 6.4 million in financing to Agro Terminal Riga, one of Latvia’s longest-established stevedoring companies operating in the Port of Riga since 1990. The financing will [..]

Exclusive footage from Cannes – behind the scenes of the world premiere of the Latvian film “Ulya” through the eyes of photographer Agnese Zeltiņa

A look back at the world premiere of Latvian film “Ulya” by Viesturs Kairišs in Cannes – photographer Agnese Zeltiņa shares the most vivid moments of the film’s creative team [..]

“Beyond Borders”: Baltics emerge as a competitive innovation region, while scale and commercialisation remain key challenge

“Beyond Borders: Investment & Innovation in the Baltics”, a high-level forum held in Riga on 28 May 2026, concluded that the Baltic states have genuine competitive strengths in several strategic [..]

With an investment of more than 500 million euros, Brocēni plans to develop climate-neutral cement production

With the support of the Investment and Development Agency of Latvia (LIAA), SCHWENK Latvia’s “Brocēni CC” project has become the first European Union-approved strategic climate-neutral industrial project in the Baltics. [..]

Wage growth is slowing at a surprisingly rapid pace

The latest data from Latvia’s Central Statistical Bureau (CSB) show that the average gross monthly wage reached €1,831 in the first quarter of this year, only 4.2% higher than a [..]

Tragedy on Denali: three Latvian mountaineers lose their lives in Alaska

The Latvian mountaineering community has been struck by tragedy following a fatal accident on Denali, North America’s highest peak, in Alaska. Three experienced Latvian climbers — Inese Pučeka, Vija Olte, [..]

Latvijas Banka is issuing a licence to Nexdesk SIA to operate as a payment institution

On 27 May, the Supervision Committee of Latvijas Banka decided to issue a licence to Nexdesk SIA to operate as a payment institution. The licence enables the company to provide [..]

Latvia’s new government led by Andris Kulbergs wins parliamentary approval

On Thursday, May 28, 2026, the Latvian Parliament approved the country’s new government during an extraordinary sitting, granting confidence to the Cabinet led by Prime Minister Andris Kulbergs. The new [..]

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 [..]

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