Latvia

“Lidl Latvija” turnover increased by 7.5% last year, investment phase continues

Retailer “Lidl Latvija” closed the 2025 financial year with a turnover of 495.6 million euros, which is 7.5% more than the year before, when the company worked with a turnover [..]

Latvian researchers and innovation specialists build partnerships in genomics and technology commercialisation in California

Biomedicine and genomics are among Latvia’s research success stories. The Latvian delegation’s programme in California covers two complementary areas: developing genomics technologies and commercialising research results. Latvia’s strengths in genomics [..]

Signet Bank provides EUR 4 million in financing to SIA Agro-Kaķenieki for business development

SIA Agro-Kaķenieki, one of the largest crop farming and dairy farming companies in the Dobele Municipality, has received EUR 4 million in financing from Signet Bank to support the company’s [..]

Latvian defence technology companies seek US partners for joint development and manufacturing

Latvian defence and dual-use technology companies are meeting with US industry firms Neros, Anduril, Shield AI, Kratos Defense & Security Solutions, Qualcomm and Starling Systems in Los Angeles and San [..]

Techritory 2026 in Riga to explore ways to protect Europe’s data and digital infrastructure

Europe’s ability to control and protect its data, digital services and critical infrastructure has become an economic and security issue. More than a thousand technology leaders, entrepreneurs, experts and policymakers [..]

Digitex acquires a 90% stake in InfoStrategy

Latvian information technology group Datlex continues to expand its expertise in business intelligence and data analytics. SIA Digitex, a software development company within the group, is acquiring a 90% stake [..]

Rēzekne to bring together Latvia’s Start-up community at StartUP festival

On 9 October, Rēzekne will host the StartUP Festival, continuing an initiative launched in Daugavpils in 2025 to develop the start-up ecosystem in Latgale. The event will bring together start-up [..]

Signet Bank Group reports 68% loan portfolio growth in H1 2026 and strengthens capital base for continued expansion

Signet Bank AS Group (hereinafter – the Group) maintained strong growth momentum in the first half of 2026, organically expanding across its key business areas – corporate lending, investment banking [..]

Developers finally believe in the City with a Future – new homes are emerging and the supply of commercial space is expanding

While new homes are being developed in Riga and elsewhere, the new-build housing market in Ventspils has stagnated for years. Despite strong demand for high-quality family homes, virtually no energy-efficient [..]

German companies advance investment projects worth more than EUR 600 million in Latvia

During a trade mission organised by the Investment and Development Agency of Latvia (LIAA), German companies advanced investment projects and explored new cooperation opportunities in Latvia in the fields of [..]

Latvian medical technologies and digital health solutions advance into the German market

During a trade mission organised by the Investment and Development Agency of Latvia (LIAA), Latvian life sciences companies, universities and healthcare institutions met with German medical technology, biotechnology and life [..]

Latvian defence technology companies meet German industry leaders in Berlin

During a trade mission organised by the Investment and Development Agency of Latvia (LIAA), Latvian defence and dual-use technology companies met leading German defence companies, industry organisations and a representative [..]

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

On 16 September, the Supervision Committee of Latvijas Banka issued a licence to Velvian SIA to operate as a payment institution. The licence authorises the company to provide payment acceptance [..]

Latvian fintech companies present solutions to German investors in Berlin

Latvian financial technology companies met with representatives of German institutional investors, family offices, banks, and the FinTech industry during a trade mission to Berlin organised by the Investment and Development [..]

Latvian companies to gain support from German chambers of commerce in more than 90 countries

The Investment and Development Agency of Latvia (LIAA), the German Chamber of Commerce and Industry (DIHK) and the German-Baltic Chamber of Commerce (AHK) signed a memorandum of understanding on Wednesday, [..]

Latvian businesses meet German companies and investors during trade mission to Berlin

The main business events of a Latvian trade mission organised by the Investment and Development Agency of Latvia (LIAA) begin in Berlin on Wednesday, 16 September. The programme opened with [..]

LIAA-Supported film “The Unknown Woman” triumphs in Venice, demonstrating Latvia’s competitiveness in the international film industry

Danish director May el-Toukhy’s film “The Unknown Woman”, which won the Golden Lion, the top prize at the Venice International Film Festival, is a co-production between the Danish and Swedish [..]

NATO Deputy Secretary General visits Latvia, highlights strong defence

NATO Deputy Secretary General Radmila Shekerinska took part in the Riga Conference in Latvia, joining Latvian Foreign Minister Baiba Braže and Norwegian Foreign Minister Espen Barth Eide for a panel [..]

NestAI expands operations in Latvia to advance defence AI on NATO’s eastern flank

European defence artificial intelligence laboratory NestAI is opening a research and development centre in Latvia to develop AI-based defence solutions together with armed forces and the defence industry operating on [..]

Latvian companies to join US trade mission during the president’s visit

The Investment and Development Agency of Latvia (LIAA) will organise a Latvian business trade mission to the United States from 20 to 28 September, with the main business events taking [..]

Companies hand over more than 255 tonnes of used tyres for recycling during summer campaign

During the four-week “Give Tyres a Second Life” environmental campaign organised by AJ Power Recycling and 3R, more than 210 companies handed over 255.30 tonnes, or more than 25,500 used [..]

Latio: new project developers are holding back their own market

A significant gap has emerged in the new-build housing market between advertised prices and actual transaction prices. In the second quarter of this year, the average advertised price per square [..]

From prototype to export markets: LIAA opens autumn applications for the business incubation programme

From 9 to 24 September, the Investment and Development Agency of Latvia (LIAA) invites young companies to apply for its Business Incubation Programme. Participants can receive financial support covering up [..]

Mogotel Hotel Group and Marriott International launch their first joint project: Latvia’s first Four Points Flex by Sheraton hotel to open in Riga

The first Four Points Flex by Sheraton hotel in Latvia, Four Points Flex by Sheraton Riga Old Town, will open in Riga in October. It is the first project that [..]

Riga Bus Station: new largest shareholder sets development priorities

RIVARO Holding has completed the acquisition of a 49.99% stake in AS Rīgas starptautiskā autoosta, becoming the largest shareholder of Riga International Bus Station. The transaction was financed with a [..]

Latvian Chamber of Commerce and Industry: economic development is essential for defence and the provision of public services

Latvia’s largest business organisation, the Latvian Chamber of Commerce and Industry (LTRK), points out that, under the current circumstances, every instrument that helps generate economic activity and growth is important [..]

Latvian businesses to strengthen cooperation with german technology and industry leaders in Berlin

From 14 to 17 September, a delegation of Latvian businesses will visit Berlin on a trade mission organised by the Investment and Development Agency of Latvia (LIAA), where they will [..]

RIX Riga Airport launches the next stage of its major passenger terminal expansion project

RIX Riga Airport today marked the start of the next stage of its passenger terminal expansion project with a ceremonial event at the Airport. The project will deliver a new, [..]

Tet becomes the only company in Latvia with two Tier III-certified data centres

Technology and innovation company Tet’s new DC7 data centre in Salaspils has received the international Uptime Institute Tier III Facility certification, confirming that the completed data centre infrastructure meets the [..]

LIAA: Predictability of the process and the legal environment are crucial for attracting future investors

The Investment and Development Agency of Latvia (LIAA), the Latvian Chamber of Commerce and Industry (LCCI), the Employers’ Confederation of Latvia (LDDK) and the Foreign Investors’ Council in Latvia (FICIL) [..]

Time capsule ceremonially embedded in the foundations of “LIDO māja” – more than €30 million to be invested in the new complex

On 27 August, a time capsule was ceremonially embedded in the foundations of “LIDO māja”. “LIDO māja” will be a major production, logistics and warehouse complex for AS LIDO, developed [..]

LIAA and tourism industry agree on joint action to strengthen tourism competitiveness

The Investment and Development Agency of Latvia (LIAA) and tourism industry organisations agreed on 27 August on three areas for further action: jointly preparing tourism marketing and industry support scenarios [..]

Application limit reached in 28 minutes

The maximum number of applications for the seventh cohort of the Mini MBA programme “Innovation Management”, implemented by the Investment and Development Agency of Latvia (LIAA), was reached in just [..]

Co-living “micro-apartments” becoming a top choice for international students

As the new academic year approaches, the student rental market gains momentum every year, with the number of homes available for rent traditionally increasing by around 15%. International tenants account [..]

Latvia and the United States strengthen cooperation to foster an investment-friendly environment

Minister of Justice Edvards Smiltēns met with U.S. Ambassador to Latvia Melissa Argyros to strengthen bilateral cooperation in the field of justice and discuss future areas of cooperation in combating [..]

A comprehensive study of the Baltic Sea seabed and ecology is underway along the Kurzeme coast

Last summer, ELWIND – a joint Latvian-Estonian project to develop an offshore wind park in the Baltic Sea – signed an agreement with the Latvian Institute of Aquatic Ecology (LHEI) [..]

Foreign investment projects in Latvia created nearly half of all new jobs in the Baltics

Foreign investment projects launched in Latvia in 2025 created 1,015 new jobs, accounting for 46% of all jobs created by such projects in the Baltic states. This was the highest [..]

MikroTik donates nearly 800 000 euro to advance science and education

The University of Latvia (UL) Foundation has received a donation of 799 031.63 euro from its long-standing patron of science and education, company Mikrotīkls, in July this year. The funding [..]

airBaltic outlines business plan to strengthen long-term sustainability as normal flight schedule continues unaffected

The Latvian national airline airBaltic today outlines the key elements of its business plan following its approval by the company’s Supervisory Board. The plan is designed to strengthen airBaltic’s long-term [..]

Signet Bank Group continues to strengthen its investment product offering: Signet Baltic bond fund listed on Nasdaq Riga

Signet Baltic Bond Fund (hereinafter referred to as the “Fund”), an open-ended investment fund managed by Signet Asset Management Latvia IPS, the investment management company of Signet Bank Group, joins [..]

Riga street lighting ESCO tender raises questions over potential conflicts of interest

Riga City Council’s leadership appears unconcerned by potential conflicts of interest surrounding the procurement process for its planned ESCO-based public street lighting modernisation project. The initiative, aimed at improving the [..]

Latvia to develop and test unmanned systems together with the Ukrainian industry

The Ministry of Defence hosted the ceremonial signing of several Memoranda of Understanding, further expanding the cooperation launched in early June between Latvian public institutions, Baltic Forces Ltd., and the [..]

While the forest market stagnates, Latvijas valsts meži acquires the largest land portfolio in its history

During the first quarter of 2026, activity among Latvia’s largest forest investors continued to decline. The number of transactions, the total area acquired, and the overall value of purchases all [..]

88Facets.com becomes one of the first Latvian jewelers to accept USDC cryptocurrency payments

By Armands Žiļajevs. RIGA, Latvia — 88Facets.com, a Riga-based bespoke diamond engagement ring atelier, has begun accepting USDC stablecoin as a payment method for custom engagement rings, positioning itself among [..]

Major investment projects coordination council reviews strategic investment initiatives

On 31 July, the Cabinet of Ministers hosted a meeting of the Major Investment Projects Coordination Council, where participants reviewed the progress of Latvia’s most significant investment projects and discussed [..]

Central Election Commission organizes training for election polling station staff

As part of preparations for the 15th Saeima elections, the Central Election Commission (CEC) is launching a nationwide training programme for municipal election commissions and polling station staff. Five regional [..]

LIAA and tourism industry agree on additional measures to attract international visitors and strengthen Latvia’s tourism competitiveness

The Investment and Development Agency of Latvia (LIAA) held a regular meeting with representatives of Latvia’s tourism industry to assess the current state of the sector, review ongoing and planned [..]

Nordale Pagalms opens with a summer event in Mežciems

Nordale Pagalms – the first gathering and event venue in the emerging Nordale neighbourhood – officially opened its doors at an event attended by more than 100 guests. Located in [..]

Free tire collection campaign for businesses extended until 14 August

Responding to strong interest from businesses, AJ Power Recycling in cooperation with 3R Ltd. has extended the environmental campaign “Give Tires a Second Life” until 14 August. During the campaign, [..]

Latvia launches its first-ever signature collection for a municipal referendum

Latvia launched its first-ever signature collection campaign to initiate a local government referendum. The campaign concerns a proposal to dissolve the Jelgava Municipality Council. Under the Law on Local Government [..]

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