Latvia

€32.54 million to be invested in green innovation in Latvian companies with support from Norway grants

A total of €32.54 million has been allocated to support green and digital innovation in Latvia, develop new products and technologies, strengthen business competitiveness, and remediate a contaminated site in [..]

Home café days attracted more than 84,000 visitors across Latvia this summer

From July 4 to September 13, Home Café Days showcased Latvia’s regional flavours, traditions and hosts’ stories across 40 destinations. The event attracted 84,041 visitors, an increase of 3.6% compared [..]

Prices of soviet-era apartments in Riga remain at 2006 levels, while wages have increased 4.5 times

Apartments in Soviet-era residential buildings still account for nearly half of all housing transactions in Riga, with 3,626 transactions registered in the city by October this year. Although transaction prices [..]

Who controls Latvia’s critical data? Next week, Techritory 2026 will focus on digital sovereignty and communications security

How can Latvia keep its critical services running if foreign technologies or infrastructure suddenly become unavailable? How can satellite communications strengthen communications security, and how can Latvian companies contribute to [..]

Balsio launches Workspaces, bringing team chat and WhatsApp contacts into one app

The €1.7 million-backed European work messenger now allows small teams to manage and organise internal conversations while staying connected with external contacts, including through WhatsApp interoperability for users in the [..]

CyberChess 2026 brings the international cybersecurity community together in Riga

Riga once again will become a meeting point for the Latvian, Baltic and wider international cybersecurity community. On 14-15 October, the international cybersecurity conference “CyberChess 2026” will take place, an [..]

More than 20 fintech licences issued in 2026: LIAA representatives abroad prepare to attract more companies to Latvia

On 7 October in Riga, the FinTech Latvia Association (FLA) and the Investment and Development Agency of Latvia (LIAA) held a workshop for LIAA’s representatives abroad. They are often the [..]

LIAA to lead efforts to boost Latvian defence companies’ exports and attract investment

A subgroup of the Defence Industry Advisory Council has begun work under the leadership of the Investment and Development Agency of Latvia (LIAA) to help Latvian defence companies reach international [..]

Nordale Pagalms invites guests to celebrate its longest-ever apple pie

This Sunday, 11 October, from 13:00 to 16:00, Nordale Pagalms at Šmerļa iela 3 k-2 will host an autumn apple pie celebration centred around a specially made, six-metre-long apple pie [..]

LIAA enters Latvia’s Top 50 most human brands for the first time

The Investment and Development Agency of Latvia (LIAA) has entered the Baltic Brand Ranking’s Top 50 most human brands in Latvia for the first time, placing 37th overall and 13th [..]

Policymakers and industry leaders to discuss Europe’s biggest security threats at Techritory 2026

As geopolitical tensions and technical dependencies escalate while simultaneously becoming increasingly interdependent, Europe’s policymakers and industry will meet on stage and off to discuss the greatest threats to European security, [..]

United List wins Latvia’s parliamentary election as six parties secure seats

Latvia’s United List, led by Prime Minister Andris Kulbergs, has won the October 3 parliamentary election, securing approximately 35% of the vote and a projected 42 seats in the 100-member [..]

Elections to Latvia’s 15th Saeima take place in Latvia and abroad

On Saturday, 3 October, elections to Latvia’s 15th Saeima are taking place in Latvia and abroad, with voters electing 100 members of parliament for the next four years. There are [..]

LIAA reaches nearly 90% of its annual investment attraction target in nine months

On Friday, 2 October, Raivis Bremšmits, State Secretary at Latvia’s Ministry of Economics, met with Ieva Jāgere, Director of the Investment and Development Agency of Latvia (LIAA), to review progress [..]

Latvijas Banka grants crypto-asset and payment licences to three companies

Latvijas Banka’s Supervision Committee granted four licences to three companies on 30 September: Noah LV SIA received authorisation to provide both crypto-asset and payment services, Neverless SIA obtained a payment [..]

EasyCars expands its fleet in Riga and Tallinn with EUR 1.3 million in financing from Signet Bank

Signet Bank has provided EUR 1.3 million in financing to short-term car rental company EasyCars. The financing will be used to expand the company’s vehicle fleet, strengthening its operational capacity [..]

Latvia’s International Image Policy Coordination Council resumes work to develop a unified and coordinated national image strategy

On 30 September 2026, Latvia’s International Image Policy Coordination Council (the Council) held its first meeting since 2020 at the Ministry of Foreign Affairs, chaired by Foreign Minister Baiba Braže. [..]

LIAA business incubation programme sets new record with 313 applications in autumn intake

The Investment and Development Agency of Latvia (LIAA) received 313 applications for the autumn 2026 intake of its Business Incubation Programme — the highest number in the programme’s history. The [..]

LIAA trade mission to the US concludes with Latvian companies and researchers signing agreements in defence technology and genomics

The Latvian business trade mission to the United States, organised by the Investment and Development Agency of Latvia (LIAA), has concluded. Held during President Edgars Rinkēvičs’ working visit, the mission [..]

Latvian biomedical institutions and Illumina agree to accelerate precision medicine

During a trade mission organised by the Investment and Development Agency of Latvia (LIAA) in San Diego, Illumina signed a memorandum of understanding with six Latvian research, medical and higher [..]

“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) [..]

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