Baltics

Estonia to open its first AI factory this year

A 22 MW AI cloud infrastructure deployment by Nebius will go live at Greenergy Data Centers in Estonia later this year, establishing the largest AI factory in the Baltics. The [..]

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 [..]

“Russians only understand force”: Did Poland make a mistake?

By Ieva Kuraitytė, LRT.lt. During one of the largest attacks on western Ukraine on July 30, a Russian missile crossed into Polish airspace for the first time before crashing on [..]

Lithuania is getting ready for EU Council presidency

By Edvardas Špokas, Enrika Gecaitė, LRT TV, LRT.lt, Aistė Valiauskaitė. Lithuania is in the final stretch of preparations to take over the rotating presidency of the Council of the European [..]

Inflation in Estonia was the lowest in the euro area in July

By Sulev Pert, Economist at Eesti Pank. Data from Statistics Estonia show inflation remained low in July for the second consecutive month at 2.2% over the year. Average inflation in [..]

Who wants to be Estonia’s next president?

Estonia is approaching its September presidential election, with several names already being discussed as possible successors to current President Alar Karis. The president is elected by the 101-member Riigikogu rather [..]

Tallink to charter cruise ferry Romantika to Italy

AS Tallink Grupp and the Organizing Committee of the Mediterranean Games of Taranto 2026 reached a charter agreement for the cruise ferry Romantika. The ship will head to Italy, where [..]

Lithuania, Latvia see Kremlin-linked retailer close – but a lookalike raises questions

By Edvardas Špokas, Irma Janauskaitė, LRT TV, LRT.lt. Lithuanian authorities are investigating whether the Russian-owned discount supermarket chain Mere, forced to close following European Union sanctions, has re-emerged under a [..]

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 [..]

Eesti Pank issued 361 million euros of cash in the second quarter

By Kristjan Lember, cash analyst. Eesti Pank issued 11.5 million banknotes into circulation in the second quarter of 2026 with a total value of 357.8 million euros, and 3.7 million [..]

Defying gravity: Kaunas Science Island’s 250-tonne marvel lifts curiosity

On Nemunas Island in Kaunas, Lithuania, a striking architectural experiment invites visitors to reconsider what’s possible in both physics and design. The centerpiece is a 250-tonne metal disc, seemingly suspended [..]

GetJet Group to establish new MRO facility at Vilnius International Airport

GetJet Group’s subsidiary Airhub Aviation has secured a site at Vilnius International Airport (VNO) through a land lease auction organized by Lithuanian Airports, marking a major step in the group’s [..]

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 [..]

Ordero startup raises €150K investment: next target, expansion in Poland

Ordero, a startup building a meal-ordering platform serving everything from schools and kindergartens to businesses, has raised a €150,000 investment from venture capital funds FIRSTPICK and Lost Astronaut. The investment [..]

MCF Group Estonia welcomes Tensor Estate as a shareholder

MCF Group Estonia, the company operating the Greenergy Data Centers facility in Hüüru, Harju County, Estonia, has welcomed Tensor Estate as a new shareholder as the latest development in the [..]

No grace period: Lithuania’s new prime minister under scrutiny over doctoral thesis

By Aistė Valiauskaitė, LRT TV, LRT.lt. Lithuania’s Prime Minister Mindaugas Sinkevičius is facing questions over his doctoral dissertation after a complaint alleging possible plagiarism was submitted to the country’s academic [..]

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 [..]

Vilnius public transport faces disruptions amid vehicle shortages

By Jokūbas Naglinskas, LRT TV, LRT.lt. Vilnius officials are seeking ways to avoid disruptions to public transport services after the city’s municipal operator warned it may not have enough buses [..]

€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 [..]

Latvia and Lithuania strengthen Baltic security, innovation and critical infrastructure through three cooperation agreements

Three cooperation documents were signed at the Latvia–Lithuania Defence and Security Business Forum in Vilnius, covering innovation and export promotion, defence industry development, and the resilience of critical energy infrastructure. [..]

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 [..]

GetJet Airlines and Airhub Aviation name Dakar Rally winner Vaidotas Žala brand ambassador

GetJet Airlines and Airhub Aviation, part of GetJet Group, have announced a long-term partnership with Dakar Rally 2026 winner and three-time Lithuanian Rally Champion Vaidotas Žala, who joins both companies [..]

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 [..]

“Nuclear option”: Lithuania mulls introducing border checks with Latvia

By Aistė Valiauskaitė, Aina Mizgirdė, LRT TV, LRT.lt. Lithuania’s incoming Interior Minister Martynas Katelynas has not ruled out temporarily reintroducing border controls with Latvia as the number of migrants arriving [..]

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 [..]

Drug use raises alarm as Lithuania ranks among Europe’s worst-affected countries

By Evaldas Labanauskas, LRT.lt. The spread of illicit drugs across Europe is causing growing concern, according to the European Union Drugs Agency’s annual report published in late June, which warns [..]

Working two jobs at once? Lithuanian authorities warn of legal pitfalls

By Gabrielė Jankienė, LRT.lt. Moonlighting during working hours could land employees in trouble, Lithuania’s State Labour Inspectorate has warned, amid growing online chatter about combining two jobs to boost income. [..]

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 [..]

100-megawatt battery energy storage system begins operation in Estonia

On 7 July, the Hertz 2 battery energy storage system (BESS), with a capacity of 100 MW and a storage capacity of 200 MWh, was officially opened in Aruküla, Raasiku [..]

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