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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 [..]

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 [..]

ORIGIN and Anduril sign memorandum on counter-drone air defence solutions for NATO’s eastern flank during LIAA trade mission to the US

US defence technology company Anduril, which develops autonomous systems and command-and-control software, and defence technology company ORIGIN, which develops autonomous unmanned aircraft systems, have agreed to assess the integration of [..]

Latvian trade mission begins in the United States, with meetings planned with global technology leaders

A Latvian business trade mission organised by the Investment and Development Agency of Latvia (LIAA) has begun in the United States. Running alongside Latvian President Edgars Rinkēvičs’s working visit until [..]

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 [..]

RSI Europe to invest up to €50M in strengthening Lithuania’s defence industry

Minister of Economy and Innovation Edvinas Grikšas has signed a large-scale investment project agreement with Lithuanian defence technology company RSI Europe. The company plans to invest up to €50 million [..]

Nordic businesses can adapt to Chinese technology dominance

European and Nordic companies face growing pressure as China emerges as a global technology leader, but firms can turn the challenge to their advantage, according to SEB’s equity strategists. In [..]

Forum on Mobility in Europe 2030: EU’s future mobility must be sustainable, resilient and competitive

At a high-level event held in Riga, the European Economic and Social Committee (EESC), in cooperation with the Latvian association ‘Sustainability Cluster’, stressed the need for substantial progress on delivering [..]

Estonia weighs pushing Rail Baltica completion to 2034

Estonia’s government is considering postponing the completion of its Rail Baltica section until 2034, ERR reports. The issue is being discussed during negotiations on the 2027 state budget. Prime Minister [..]

Lietuvos bankas: Economy will grow steadily, while inflation will begin to ease next year

The Lithuanian economy will continue to grow this year, but households will feel the impact of rising prices more acutely as energy costs increase. Average annual inflation is projected to [..]

airBaltic and Chapter 11: What does U.S. restructuring mean for Latvian creditors and passengers?

By Jānis Ešenvalds, Attorney-at-Law, Managing Partner at WIDEN. On 14 September 2026, the national airline Air Baltic Corporation AS (hereinafter referred to as Air Baltic) announced the commencement of debt [..]

What investors look for in AI startups in 2026

On 7 September, Tehnopol hosted a pre-application event for the AI Accelerator, bringing together early-stage AI startup teams, solution developers and mentors. The event gave participants a practical overview of [..]

PM: Estonia in talks to join France’s nuclear deterrence

ERR reports that Estonia is holding talks with France about joining its enhanced nuclear deterrence initiative. Prime Minister Kristen Michal said participation would require specific capabilities and readiness. He noted [..]

NestAI expands operations in Latvia to advance defence AI on NATO’s eastern flank

European defence artificial intelligence laboratory NestAI is opening a research and development centre in Latvia to develop AI-based defence solutions together with armed forces and the defence industry operating on [..]

Google deepens its commitment to Finland with a €13 billion investment in AI infrastructure

By Bikash Koley, Vice President, Google Global Infrastructure. Google is deepening its commitment to Finland with a €13 billion investment in digital infrastructure, clean energy, and local partnerships. This investment [..]

Latvian businesses to strengthen cooperation with german technology and industry leaders in Berlin

From 14 to 17 September, a delegation of Latvian businesses will visit Berlin on a trade mission organised by the Investment and Development Agency of Latvia (LIAA), where they will [..]

Estonia shuts border crossing after 2 Iranian nationals attempt entry from Russia

Estonian police temporarily closed the Luhamaa border crossing with Russia on Sunday after two Iranian nationals repeatedly attempted to enter the country without legal grounds. According to the Police and [..]

No more flights to Prague or Berlin: which destinations are cut from airBaltic’s schedule

By Jonas Deveikis, LRT.lt. Latvian airline airBaltic will offer 10 direct routes from Lithuania next summer, half as many as this summer, when it operated 22 routes, the company’s planned [..]

First in the Baltics: Northway Biotech opens €61 million cell therapy and personalized medicine CDMO in Vilnius

Building on more than 22 years of CDMO experience across biologics and advanced therapies, Northway Biotech is significantly expanding its development and manufacturing capacity with a new 3,500 sq. m [..]

Bundesbank president expects stronger German economic growth

Strong exports and resilience despite the oil price shock: the German economy is faring better than expected. The DIW and the Bundesbank are becoming more optimistic about the outlook. Yet [..]

Ülle Madise elected Estonia’s next president

Estonia’s parliament elected Chancellor of Justice Ülle Madise as the country’s next president on Wednesday, with 71 members of the Riigikogu voting in her favor. A candidate needed at least [..]

LIAA: Predictability of the process and the legal environment are crucial for attracting future investors

The Investment and Development Agency of Latvia (LIAA), the Latvian Chamber of Commerce and Industry (LCCI), the Employers’ Confederation of Latvia (LDDK) and the Foreign Investors’ Council in Latvia (FICIL) [..]

CIA visit to Moscow warned Putin not to attack NATO countries – WSJ

The unannounced visit by the director of the Central Intelligence Agency (CIA) to Moscow this week was to deliver a warning to Russia not to attack NATO countries, people briefed [..]

Six defence startups receive EU funding for tests in Ukraine

Six defence startups from Sweden, Finland, Estonia, Latvia, Poland and France have been awarded grants through the EU programme BraveTechEU. This was announced by EU Commissioner for Defence and Space [..]

What’s behind Russia’s threats against Baltics and Poland?

By Simas Prašmantas, LRT.lt. Growing fears about a potential attack against the Baltic states or Poland benefit Russia, which seeks to reduce Western support for Ukraine, Baltic experts told LRT.lt. [..]

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 [..]

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 [..]

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 [..]

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 [..]

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 [..]

Germany’s Wadephul urges EU to prioritize external border protection

Berlin (dpa) – German Foreign Minister Johann Wadephul called on the European Commission to make protecting the European Union’s external borders an “absolute priority” after tens of thousands of migrants [..]

Viesturs Koziols: Latvia’s greatest achievement is not the bronze medal — it’s the mindset

Over the past few years, Latvian hockey has experienced the most rapid development in its history. The country has won its first-ever IIHF World Championship bronze medal, successfully hosted world [..]

DHL to acquire Venipak, strengthening its position across the Baltic region

DHL, one of the world’s leading logistics companies, has signed a definitive agreement to acquire Venipak Group. Through the acquisition of Venipak companies in Lithuania, Latvia, and Estonia, DHL will [..]

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 [..]

€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 [..]

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 [..]

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. [..]

OTP Bank to acquire Luminor, opening a new chapter in Baltic financial markets

OTP Group to enter the Baltic markets, expanding its presence to 14 countries and increasing its total assets by over 10%, while the share of its operations within the euro [..]

Inflation remained moderate in June in Estonia

By Lauri Matsulevitš, Economist at Eesti Pank. Data from Statistics Estonia show that consumer prices were up 2.3% over the year in June. The main driver of inflation was energy [..]

“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 [..]

We teach people to use AI – but do we teach them to verify what it says?

By Mārtiņš Odobērs, Founder and CEO of Lexu AI. Two years ago, my team and I set out to solve a very specific problem in Latvia’s legal sector: how to [..]

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 [..]

June in financial markets: a record quarter closes as Hawks Circle and Chips Slide

An opinion piece by Kārlis Martiņš Gulbis, Investment Analyst at Signet Bank. Following highly geopolitically volatile spring, a June 14 U.S.–Iran framework has seemingly reopened the Strait of Hormuz, dragging [..]

NATO’s new Airborne Warning and Control System is announced

During the NATO Summit Defence Industry Forum in Ankara on Tuesday (7 July 2026), 11 Allies announced the joint procurement of Saab GlobalEye aircraft as NATO’s new Airborne Warning and [..]

Kristaps Porzingis re-signs with Golden State Warriors on two-year deal

Latvian NBA star Kristaps Porzingis has agreed to a new two-year, $40 million contract to remain with the Golden State Warriors, according to ESPN insider Shams Charania, who reported the [..]

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