Latvia

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 [..]

Latvian entrepreneurs return from Poland and Ukraine with tangible results – signed memoranda, new project pipelines and expanded market opportunities

During the trade mission to Poland and Ukraine organised by the Investment and Development Agency of Latvia (LIAA) and led by Minister of Economics Viktors Valainis, three cooperation memoranda were [..]

Latvian fintech companies are strengthening their cooperation in the United Kingdom

On Tuesday, April 21, in London, Latvia’s fintech (financial technology) sector participated with a joint delegation and a national booth in one of the world’s most significant financial technology events—the [..]

Latvia strengthens economic cooperation with Poland and Ukraine – focus on investment and high value-added sectors

Under the leadership of Minister of Economics Viktors Valainis, a delegation of Latvian entrepreneurs will depart on Thursday, April 23, for a working visit to Poland and Ukraine. The trade [..]

Delska opens a 10 MW data center in Riga

Delska inaugurated a new 10 MW data center in Riga. The new facility is one of the most powerful and sustainable next-generation data centers in the Baltics. This marks an [..]

85% of Latvians say cutting red tape is an urgent priority – and three in four find bureaucracy simply too high

Latvia’s residents are sending an unambiguous message to their government: the country’s bureaucratic machinery is too large, too slow, and not improving fast enough. According to a nationally representative survey [..]

LMT Group demonstrates a new tool for monitoring greenhouse gas emissions at Hamburg port

On April 15, 2026, at the Germany–Latvia Ports Days in Hamburg, LMT Group demonstrated a new solution for monitoring port equipment activity and estimating greenhouse gas (GHG) emissions using video [..]

Creative services export platform “Neverending” is being developed in Riga; five million euros to be invested in its growth

A creative services export platform, “Neverending,” is being established in Riga with the aim of strengthening the international competitiveness of Latvia’s creative industries and positioning Riga as a Baltic hub [..]

Baurum acquires one of the largest historic properties in central Riga

Real estate developer and asset manager Baurum has acquired a historic building at 5a Blaumaņa Street in Riga. The transaction ranks among the most significant deals of its kind in [..]

Submission period for Adwards 2026 extended to April 15

The submission period for the advertising, design, and other creative industries competition Adwards 2026 is rapidly approaching its close. The Latvian Art Directors’ Club (LADC) invites creative professionals and teams [..]

Memorandum signed to promote investment in Latvia’s transport and logistics sector

On April 1, 2026, a memorandum of intent was signed at the Ministry of Economics to promote long-term investment in Latvia’s transport and logistics sector. The memorandum was signed by [..]

LMT Group’s traffic monitoring solution drives 66% reduction in red-light violations in Riga

New data from LMT Group’s traffic monitoring solution in Riga shows that red-light violations in Latvia’s capital have dropped by 66% over the last six months since setting up the [..]

Latvia to receive EIB guidance on unlocking stronger tech innovation

The European Investment Bank (EIB) will advise Latvia on accelerating the development of high-growth business sectors. Through this new cooperation with the Ministry of Economics and the Investment and Development [..]

Minister of Economics: In a predictable business environment, digital assets can significantly drive innovation

Blockchain technologies and digital assets can become a major driver of innovation within a secure, transparent, and predictable business environment, and it is crucial for Latvia to capitalize on this. [..]

Delfi acquires a Tet subsidiary – one of the largest training centres in the Baltics

Latvia’s leading digital media company Delfi has signed an agreement to acquire Baltijas Datoru Akadēmija (BDA), a training centre and subsidiary of Tet. BDA is one of the largest professional [..]

The New York Latvian house – property, symbol, or a test of diaspora unity?

By journalist Inga Karlinska. The potential sale of the New York Latvian House has, in recent months, become one of the most sensitive issues within the Latvian diaspora in the [..]

Startups awarded over 600,000 EUR in prizes at TechChill Riga Founders Battle

TechChill has come to a close, awarding startups over 600,000 EUR in prizes after the conclusion of the Founders Battle. The main prize winner was Deep Space Energy, who received [..]

“You are digital, fast, and efficient,” Commissioner Zaharieva tells Baltic audience during landmark visit to the region

On March 26, 2026, the Baltic startup ecosystem took center stage as the Baltic Startup Policy Forum convened in Riga. The event was held as a high-level side event of [..]

Latvian startup L-Blend to unveil non-alcoholic wine-based functional ingredient at TechChill 2026

Latvian FoodTech startup L-Blend will present its patented technology for producing non-alcoholic dietary supplement ingredients derived from wine and dietary fibre at TechChill 2026. The developed technology enables the preservation [..]

Don’t miss the chance to register for the most ambitious deep tech conference, “Deep Tech Atelier 2026”

On May 14–15, Riga will host the eighth edition of “Deep Tech Atelier,” Northern Europe’s largest conference on data-intensive entrepreneurship, bringing together more than 2,000 scientists, technology experts, entrepreneurs, investors, [..]

BDO young artists award winner to be announced at award ceremony

The sixth BDO Young Artists Award ceremony will take place on Thursday, March 26, at the experimental art space PILOT. The winner of the main award will receive a €2,000 [..]

Could Latvia replicate Lithuania’s crowdfunding success story?

While Lithuania has in recent years emerged as one of the most active crowdfunding markets in Europe, the sector in Latvia is still at an early stage of development. According [..]

airBaltic suspends Dubai flights until October 2026; Free rebooking available to 80+ destinations

Due to the current security situation in the Middle East, the Latvian airline airBaltic announces that it will cancel all scheduled flights to and from Dubai (United Arab Emirates) until [..]

Critical thinking in jurisprudence in the age of AI: University of Latvia law students learn a new approach to legal case research

The creators of the legal research platform Lexu AI demonstrated to students at the Faculty of Law of the University of Latvia how artificial intelligence can significantly facilitate the study [..]

Lido’s parent company plans major investments in the Baltics and Finland – investors have the opportunity to participate in the company’s growth

Apollo Group, the parent company of Lido and the largest entertainment and restaurant operator in the Baltics, plans to invest approximately €30 million in Finland and make significant investments across [..]

Signet Bank Group increases lending and capital market transactions volume in 2025, with profit increasing by 60%

In 2025, Signet Bank Group continued to strengthen its position as one of the leading financial services groups in Latvia, bringing together banking, investment management, fintech and specialized lending companies [..]

50% of survey respondents believe an offshore wind park will have a positive impact on Latvia’s economy

The latest survey data show that public awareness in Latvia about wind park development plans and energy security issues is gradually increasing. For example, 65% of respondents in a survey [..]

Lords LB Baltic Green Fund (V) and bank Citadele conclude largest office lease transaction in Latvia over the past year

Lords LB Baltic Green Fund (V), managed by Lords LB Asset Management, has signed a long-term office lease agreement with the anchor tenant of the Citadele Business Center – bank [..]

Applications open for Business incubation programme – entrepreneurs can receive up to 70% support

From March 9 to March 31, applications are open for the Business Incubation Programme at 20 regional offices of the Investment and Development Agency of Latvia (LIAA), as well as [..]

Estonian real estate developers complete residential quarter in Riga

The residential quarter Parka Kvartāls in Riga, a 13-million-euro joint project by Estonian real estate developers Invego and Reterra, has been fully completed. All apartments have now been handed over [..]

airBaltic’s departure airport for Friday’s repatriation flights changed to Al Maktoum International Airport

The departure airport for repatriation flights operated by Latvian national airline airBaltic, scheduled for Friday with departure times from Dubai at 17:50 and 18:50 Dubai time, has been changed from [..]

European fashion brand “TATUUM” officially begins its expansion in the Baltic region by opening its first store in Riga

Affordable premium European fashion brand “TATUUM” has officially entered the Baltic market this year, opening its first store in Riga. The new store opened its doors to customers on Saturday, [..]

Latvians raise €500,000 in 60 seconds to deliver frontline evacuation systems to Ukraine

€500,000 was pledged in under 60 seconds in Latvia on February 24th, the 4-year anniversary of Russia’s full-scale invasion of Ukraine, to accelerate the delivery of frontline evacuation systems for [..]

Value of the Indexo Real Estate Fund portfolio managed by Provendi Asset Management has almost quadrupled in two years

Indexo Real Estate Fund, managed by alternative investment fund manager Provendi Asset Management, has demonstrated rapid and consistent growth since the start of operations, and has almost quadrupled the volume [..]

New banking licence in Latvia could pave the way for new market entrants

Amendments to the Credit Institutions Law, which entered into force on 6 January 2026, introduce a new category of financial market participant in Latvia — specialised credit institutions. According to [..]

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