Latvia

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 [..]

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 [..]

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