Baltics

Inflation is significantly higher in Lithuania. What does this mean for monetary policy?

Annual inflation in Lithuania is currently significantly higher than the euro area average. According to preliminary estimates, inflation in September 2026 stood at 3.8% in the euro area and 6.1% [..]

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 [..]

From scientific discovery to real-world impact: What researchers should know about entrepreneurship

Turning a scientific discovery into a successful business requires more than innovative technology. Researchers must learn to identify real-world problems, work with experts from different fields and understand what it [..]

Lithuanian fintech is growing abroad and strengthening the export of financial services

In Lithuania, licensed electronic money and payment institutions had 2.5 million active customers in 2025 – 14 percent more than a year ago. As many as 87 percent of them [..]

JSC Grindeks invested €1.87 million to expand finished dosage form packaging capacity

JSC Grindeks has invested €1.87 million in a new packaging line at JSC Tallinna Farmaatsiatehas. During its first eight months of operation, the line produced 719,700 packs of solid oral [..]

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 [..]

JSC Grindeks subsidiary Ltd Grindeks Kalceks in Lithuania receives “Strongest in Lithuania 2026” recognition

JSC Grindeks’ subsidiary in Lithuania Ltd Grindeks Kalceks has received the “Strongest in Lithuania 2026” (Stipriausi Lietuvoje) recognition, confirming the company’s financial stability, reliability and responsible business practices. “Strongest in [..]

Klaipėda Port showcases the future of smart operations with a private 5G network trial and design

Trials of a private 5G network at Klaipėda Port in Lithuania have successfully concluded, marking a key milestone in defining the port’s digital future. Santa Monica Networks and Latvian telecommunications [..]

ELEKS acquires majority stake in ADM Interactive, strengthening Estonia–Ukraine digital cooperation

International IT company ELEKS, founded in Ukraine and headquartered in Estonia, has acquired a majority stake in Estonian software and digital servicescompany ADM Interactive. The acquisition strengthens capabilities for developing [..]

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 [..]

Paysera removes bank transfer fee for merchants in the Baltic States

It applies to all 10,000-plus merchants in the Baltic States – the fee goes once a merchant switches to the new Checkout Modern platform, while it remains in the old [..]

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, [..]

UK nuclear umbrella comments prompt Estonia defense debate

Remarks by Royal Navy chief General Gwyn Jenkins about the UK’s nuclear umbrella for Joint Expeditionary Force (JEF) partners have sparked debate in Estonia over regional defense, ERR reports. The [..]

Deposit rates rise, but most savings stay in checking accounts

Interest rates on term deposits at Estonian commercial banks have risen alongside Euribor and are expected to increase further, ERR reports. According to Eesti Pank, the average term-deposit rate reached [..]

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 [..]

Defence Minister Herem: Ukraine receives billions in effective EU support to boost combat capabilities

At EU Defence Ministers’ meeting in Brussels, the release of €6.6 billion from the European Peace Facility (EPF) to support Ukraine was welcomed. “This is a powerful step forward to [..]

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 [..]

Palmako acquires Lithuanian glulam manufacturer Jūrės Medis

Estonian wood industry company Palmako, part of Lemeks Grupp, is expanding into Lithuania with the acquisition of Jūrės Medis, one of the largest manufacturers of glulam structures in the Baltics. [..]

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. [..]

Estonia prioritizes national defense, postpones Rail Baltica completion in 2027 budget

Estonia’s government has approved a draft budget for 2027 with €20.2 billion in expenditure, €19.4 billion in revenue and a projected general government deficit of 4 percent of GDP, ERR [..]

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 [..]

Eesti Pank forecasts that the economy will grow by around 2.5% in the years ahead in Estonia

The Estonian economy is recovering from its recession and Eesti Pank forecasts that it will grow by around 2.5% this year and in the next two years. Maintaining growth in [..]

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 [..]

Almost all forms of heating to become more expensive for Estonians this winter

Prices for nearly all types of heating in Estonia are expected to rise as the heating season begins, ERR reports. The increase could be particularly steep for households using natural [..]

EC says it is ‘carefully assessing’ Baltic request for €500 million in drone defences

By Evaldas Labanauskas, LRT.lt. The European Commission is “carefully assessing” a request from the Baltic states for 500 million euros to strengthen defences against drones, saying it understands the security [..]

Estonia launches joint study to map optimal electricity mix by 2027

Estonia’s Chamber of Commerce and Industry, major energy companies and government representatives have launched a study of the country’s future electricity needs, ERR reports. The study will compare combinations of [..]

“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 [..]

Estonian household deposits rise by €1 billion in a year as housing lending grows

Estonian households held €1 billion more in bank deposits in August 2026 than a year earlier, according to Eesti Pank. Banks issued €237 million in new housing loans during the [..]

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 [..]

Tallinn opens its first drone training classroom

Tallinn’s first drone training classroom opened today at the Energy Discovery Centre, expanding opportunities for drone education in the city and enabling general education schools, children and young people to [..]

Estonian film startup secures funding to develop a unique casting platform

IRIS Casting Ecosystem, a startup in the Tehnopol Film and Multimedia Accelerator, has received nearly €150,000 in funding from Enterprise Estonia to further develop its automated casting workflow platform. The [..]

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 [..]

Estonian scientists say AI development should be slowed down

Recent incidents involving autonomous AI systems have intensified calls for stronger oversight, ERR reports. In several cases, AI agents have reportedly attempted to access other systems or exploit security vulnerabilities [..]

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 [..]

Emergency economy: Drone incidents prompt Lithuanians to buy emergency go-bags

Gabrielė Jankienė, LRT.lt. For Marija, a recent drone incident over Lithuania was a reminder that emergency preparedness could no longer be something to think about later. The Vilnius resident had [..]

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 [..]

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