Latvia

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

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 the first fine [..]

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 [..]

Vaiņodes Bekons is gradually resuming operations – more than 1,000 breeding gilts have already been introduced to the farm

Following the African Swine Fever (ASF) outbreak earlier this year, Vaiņodes Bekons Ltd. has gradually resumed operations. The mandatory monitoring period imposed by the Food and Veterinary Service has been [..]

For Baltic security and stability: Lithuania learns from Latvia’s experience in strengthening the justice system

The Latvian and Lithuanian Ministers of Justice, Edvards Smiltēns and Rita Tamašunienė, are meeting today, 24 July, in Liepāja to strengthen cooperation among the Baltic states on the resilience of [..]

Olpha Marks Major Construction Milestone for New Manufacturing Facility

Latvian pharmaceutical company Olpha has celebrated the topping-out of its new finished dosage form manufacturing facility, marking a major milestone in the company’s expansion. A commemorative time capsule was also [..]

Valainis signs memorandum to establish a full-cycle artillery rocket manufacturing facility in Latvia

On 23 July, Latvia’s Minister of Economics Viktors Valainis signed a Memorandum of Understanding with a Latvian company established by the U.S.-based Native Trading to develop a full-cycle artillery rocket [..]

Signet Baltic Bond Fund delivers a 7.6% return to investors in its first year

In May 2025, Signet Asset Management Latvia IPS, the investment management company of Signet Bank Group, launched Signet Baltic Bond Fund (hereinafter – the fund), the first open-ended fund focused [..]

€157 million, two officially reported irregularities and the Pauls Stradiņš Hospital expansion in doubt

By Balticnews.com. The Pauls Stradiņš Clinical University Hospital’s A2 Building has become one of the costliest and most complicated European Union-financed infrastructure projects in Latvia. Its price has climbed from [..]

€22 million bond issue to finance major energy storage project

A €22 million secured bond issue has been successfully completed, enabling the development of one of Latvia’s largest battery energy storage system (BESS) projects. Saules BESS, a portfolio company of [..]

Latvia nominated for two international tourism awards in the United Kingdom and Finland

This year, Latvia has been nominated for two prestigious international tourism awards in two of its priority inbound tourism markets – the United Kingdom and Finland. Latvia has been shortlisted [..]

Latio launches sales of investment apartments in Riga’s unique “Youston Co-Living” project, offering annual yields of up to 11.18%

Leading real estate transaction company Latio has announced the launch of investment apartment sales in the unique Youston Co-Living project, located in the heart of Riga at 38 Krišjāņa Valdemāra [..]

Companies invited to dispose of used tyres free of charge this July

AJ Power Recycling AS, in cooperation with 3R SIA, is once again inviting companies to dispose of used passenger vehicle tyres free of charge as part of the environmental campaign [..]

Swiss startup chooses Latvia to develop drone simulation technology

Swiss technology startup nordfen AG has chosen Latvia as the location to develop advanced drone simulation technologies in partnership with the association Drone Force – Europe. Today in Riga, the [..]

Almost half of LANDE’s EIF-backed financing reaches farmers under 40, reflecting a key agricultural priority

Nearly half (46%) of all loans issued under LANDE’s European Investment Fund (EIF)-backed guarantee programme during its first six months in Latvia and Lithuania have been granted to farmers under [..]

LIAA expands tourism demand generation activities across Latvia’s regions

This summer, the Investment and Development Agency of Latvia (LIAA) has significantly expanded its efforts to stimulate tourism demand across Latvia’s regions. Particular attention is being given to strengthening tourism [..]

Good time to be an office tenant in the summer of 2026

The commercial real estate market continued its gradual stabilization during the first half of 2026. However, in the office segment, the balance of power has clearly shifted in favour of [..]

BirdyChat introduces API and MCP support, expanding its capabilities for teams, developers and AI assistants

Following the launch of the BirdyChat application and its recent investment round, the company continues to develop the platform by introducing new solutions that connect it with external workplace tools [..]

NORDSPACE secures EUR 1.2 million financing from Signet Bank for the development of smart storage facilities in Riga

SIA Nordspace-Jurkalnes has secured EUR 1.2 million in financing from Signet Bank to implement the second phase of the smart storage complex development at Jūrkalnes Street 62, Riga. As part [..]

Survey: Latvia should develop its own offshore projects

Although public opinion in Latvia is divided on the development of wind energy, there is a prevailing view that the country should not fall behind the other Baltic states and [..]

Latvijas Banka issues three licences to two financial technology companies

The Supervision Committee of Latvijas Banka decided to issue a total of three licences to two companies. Nodu Digital SIA received a licence for the provision of crypto-asset services and [..]

Olpha expands its OTC portfolio with the launch of a new pain relief medicine

Olpha, the leading pharmaceutical manufacturer in the Baltics, has expanded it’s over the counter (OTC) product portfolio with the launch of a new medicine for the short-term relief of pain. [..]

Housing prices in Riga are rising twice as fast as rents – yet buyers still prefer to own

Over the past year, average apartment rents in Riga have increased by only 5–6%, while residential property sale prices have risen at roughly twice that pace. Today, only around one [..]

Baurum to develop the “Constanta” project with approximately 90 apartments in a historic building in central Riga

Latvian real estate developer Baurum has opened reservations for residences in its “Constanta” project, located in the historic building at 5a Blaumaņa Street in the centre of Riga. Following an [..]

Latvia and Estonia sign memorandum on supply security; bilateral business forum opens in Tallinn

As part of the State Visit of the President of Latvia, Edgars Rinkēvičs, to Estonia, the Latvia–Estonia Business Forum “Stronger Together” was officially opened today, 2 July, at the National [..]

Saulvedis Vārpiņš: Artificial intelligence is becoming part of lawyers’ everyday work

The Latvian Council of Sworn Advocates (LCSA) and the AI-powered legal research platform Lexu AI have signed a cooperation agreement to promote the safe and professional use of artificial intelligence [..]

World-class architectural masterpiece in Jūrmala: Villa Guna by Meinhard von Gerkan

Located on Bulduru Prospekts in the prestigious seaside resort of Jūrmala, Villa Guna represents one of the highest achievements of contemporary residential architecture in Latvia. Designed by Meinhard von Gerkan, [..]

Latvian coffee brand Rocket Bean Café ranked among Europe’s best

Latvian coffee roaster and specialty coffee brand Rocket Bean has been included in The World’s 100 Best Coffee Shops – Europe 2026, an international ranking that recognizes the best cafés [..]

LMT and “Latvijas dzelzceļš” demonstrate private 5G network technologies in railway infrastructure management for the first time in the Baltic region

SJSC “Latvijas dzelzceļš” will be the first railway company in the Baltics to use a private 5G network technology provided by the LMT Group. The network is operating in test [..]

New defence and security company LAT Defence established in Latvia

LAT Defence, a newly established Latvian defence and security company, has launched with €2 million in initial funding. The company aims to strengthen security and defence capabilities across Latvia and [..]

Latvian business delegation travels to Estonia to strengthen bilateral economic cooperation in strategic industries

As part of the State Visit of the President of Latvia to Estonia, the Latvia–Estonia Business Forum will take place in Tallinn on 2 July, bringing together representatives of public [..]

Riga offers the most affordable housing in the Baltics: a smart opportunity for property investors?

Riga continues to enjoy a significant pricing advantage in the Baltic residential property market. The average price per square metre in new developments in the city centre is around half [..]

New residential development in Āgenskalns secures EUR 3.4 million financing from Signet Bank

Signet Bank has provided EUR 3.4 million in financing to SIA L 24 for the construction of two identical three-storey residential apartment buildings at 24 Lapu Street in Āgenskalns, Riga. [..]

AgroCredit Latvia expands its activities – financing is now also available to foresters throughout Latvia

The financial service provider SIA “AgroCredit Latvia” is expanding its activities and in the future will offer financing solutions not only to entrepreneurs in the agricultural sector, but also to [..]

Latvijas Banka grants crypto-asset service licences to Bleap SIA and Hodleris SIA

The Supervision Committee of Latvijas Banka issued crypto-asset service licences to Bleap SIA and Hodleris SIA, allowing both companies to operate under the European Union’s Markets in Crypto-Assets Regulation (MiCA). [..]

Latvia launches public platform for real-time monitoring of political radio ads

Latvian tech startup “Spotwise” has launched a free platform that lets anyone track political advertising activity on radio broadcasts across Latvia in real time. The platform was created at a [..]

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

On 18 June, the Supervision Committee of Latvijas Banka issued a licence to SIA AlphaRoute for the provision of crypto-asset services. A licence for the provision of crypto-asset services authorises [..]

A new neighborhood is being built in Riga – “Pro Kapital” begins €23 million “Blue Marine° Residence” project in Klīversala

One of the largest premium-segment developers in the Baltics, “Pro Kapital,” embedded a time capsule on June 17 at the upcoming premium residential project “Blue Marine° Residence” in Klīversala, Rīga. [..]

Signet Bank finances the growth of Latvian private equity firm Global Champs through the acquisition of a mushroom farming company in Lithuania

Global Champs, a Latvian-owned company, has acquired Baltic Champs, a Lithuanian mushroom cultivation company, from the Lithuanian agricultural group Auga Group, supported by EUR 5 million in financing provided by [..]

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 [..]

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