Category Archives: Latvia

Press Releases & News from Latvia distributed via EuropaWire

Sunly Secures €85 Million to Develop Four 329 MW Solar Parks in Latvia

Posted on 3, August 2025 by EuropaWire PR Editor

(IN BRIEF) Sunly will build four solar parks in Latvia totaling 329 MW capacity—54 MW in Valmiera, 90 MW in Krāslava, 81 MW in Madona, and 104 MW in Saldus—using €85 million in loans from EIB, EBRD, and SEB. Completion … Read the full press release →

Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Latvia, Luxembourg, Management, Marketing, News, Technology, United Kingdom

Tagged 329 MW, Barkava, battery storage systems, Climate Action, Dagda, EBRD, EIB, energy security, European Bank for Reconstruction and Development, European Investment Bank, Grzegorz Zieliński, hybrid renewable energy, Ints Krasts, InvestEU, Latvia, Matīši, non-recourse financing, partnership, SEB, solar parks, Sunly, sustainability, Thomas Östros, Toms Nāburgs, wind integration, Zirņi

NIB backs Balticovo with a EUR 30 million InvestEU-supported loan to boost capacity nearly 50% and slash cage-laid eggs to 14%

Posted on 23, July 2025 by EuropaWire PR Editor

(IN BRIEF) The Nordic Investment Bank (NIB) has granted JSC Balticovo a EUR 30 million loan with a ten-year maturity, supported by InvestEU, to expand the egg producer’s sustainable capacity in Latvia. Funds will build aviary and rearing poultry houses … Read the full press release →

Posted in Agriculture, Banks, Business, Economy, Environment, Financial, Finland, Government, Industrial, Investment, Latvia, Management, Marketing, News, Technology

Tagged AAA Aaa credit rating, aviary production houses, Balticovo competitiveness, cage-laid eggs, egg-sorting line, Emissions Reduction, environmental benefits, EU long-term funding, hen welfare, InvestEU programme, JSC Balticovo, Kaspars Piladzis, Latvia poultry industry, marine welfare, mid-cap financing diversification, NIB, Nordic Investment Bank, partnership, productivity, rearing poultry houses, sustainability, sustainable operations

ELKO Group Ends €3 Million Deal to Acquire Deltaco Baltic After Unforeseen Setbacks

Posted on 18, July 2025 by EuropaWire PR Editor

(IN BRIEF) ELKO Group has withdrawn from its €3 million agreement to purchase Deltaco Baltic UAB from Aurdel Sweden AB, citing a material adverse change that emerged after the SPA was signed on 10 January 2025. A formal termination notice was … Read the full press release →

Posted in Business, Electronics & Machinery, Financial, Government, Industrial, Investment, Latvia, Management, Marketing, News, Sweden, Technology

Tagged Aurdel Sweden AB, consumer electronics, Deltaco Baltic UAB, domestic appliances segment, ELKO Group, IT distribution, Material Adverse Change, partnership, share purchase agreement, SPA termination, Svens Dinsdorfs

Latvia’s Altum Joins €300 Million EU Guarantee Scheme to Boost Exports for Ukraine Reconstruction

Posted on 11, July 2025 by EuropaWire PR Editor

(IN BRIEF) Latvia’s finance institution Altum has signed up for the InvestEU Ukraine Export Credit Guarantee Facility, becoming the tenth EU country to do so alongside nine others. The facility, backed by the EIF and part of the EIB Group, … Read the full press release →

Posted in Banks, Business, Economy, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Luxembourg, Management, Marketing, News, Small Business, Technology, Ukraine

Tagged Altum, EIF, EU exports, EU Single Market, European Commission, European Investment Bank, European Investment Fund, export guarantees, InvestEU Ukraine Export Credit Guarantee Facility, Latvia, Mid-Caps, Nadia Calviño, partnership, Reinis Bērziņš, SMEs, sustainability, trade integration, Ukraine accession, Ukraine reconstruction, Valdis Dombrovskis, Yulia Svyrydenko, €300 million, €7.2 million

Volvo CE to Invest SEK 7 Billion in Swecon Deal That Expands Retail and Service Network Across Northern Europe

Posted on 24, June 2025 by EuropaWire PR Editor

(IN BRIEF) Volvo CE has agreed to purchase Swecon’s dealerships and service operations in Sweden, Germany and the Baltic states—including the Entrack aftermarket division—for SEK 7 billion, subject to regulatory clearance, with completion slated for H2 2025. The deal transfers … Read the full press release →

Posted in Automotive, Business, Estonia, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Lithuania, Management, Marketing, News, Retail, Sweden, Technology

Tagged Aftermarket services, customer satisfaction, direct retail strategy, Entrack, European construction equipment market, Lantmännen, Melker Jernberg, partnership, regulatory approval, Rental operations, retail operations, Swecon acquisition, Volvo CE, Volvo Construction Equipment, workshop facilities

EIF Partners with BluOr Bank to Offer €30 Million in Green Financing for Latvian SMEs

Posted on 5, June 2025 by EuropaWire PR Editor

(IN BRIEF) The EIF and BluOr Bank have signed an agreement to provide up to €30 million in financing for Latvian SMEs working on green projects. Supported by the EU’s InvestEU programme, this initiative aims to help businesses improve energy … Read the full press release →

Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Latvia, Luxembourg, Management, News, Small Business, Technology

Tagged BluOr Bank, economic resilience, EIF, energy efficiency, environmental financing, EU environmental standards, financing, green transition, InvestEU, Latvia, partnership, renewable energy, SMEs, sustainability, sustainable development

EIF and Citadele Bank Partner to Provide Up to €138 Million in Preferential Loans for Baltic Businesses

Posted on 3, June 2025 by EuropaWire PR Editor

(IN BRIEF) Citadele Bank, with EIF support, has launched a €138 million loan programme aimed at SMEs and microbusinesses in Estonia, Latvia, and Lithuania. The initiative, backed by the European Commission’s InvestEU programme, will offer loans with low interest rates, … Read the full press release →

Posted in Banks, Business, Economy, Estonia, Financial, Government, Industrial, Investment, Latvia, Lithuania, Luxembourg, Management, Marketing, News, Small Business, Technology

Tagged advisory services, Baltic businesses, Citadele bank, economic growth, EIF, Estonia, European collaboration, European Investment Fund, InvestEU, job creation, Latvia, Lithuania, microbusiness financing, partnership, Small Business Support, SME loans

SAF Tehnika Combines Wellness and Innovation through Weekly Training Runs, Building Team Spirit and Employee Growth

Posted on 19, May 2025 by EuropaWire PR Editor

(IN BRIEF) SAF Tehnika has created a unique company culture by incorporating weekly joint training run sessions, where employees from all departments unite to challenge themselves both physically and mentally. What started as a wellness initiative has grown into a … Read the full press release →

Posted in Business, Financial, Healthcare, Industrial, Investment, Latvia, Management, News, Technology

Tagged collaboration, company culture, continuous development, corporate values, employee engagement, INNOVATION, personal growth, physical and mental strength, Rimi Riga Marathon, running sessions, SAF Tehnika, Team Spirit, teamwork, wellness initiative

ELKO Becomes First Distributor in Region to Offer Cutting-Edge Wireless Connectivity Solutions from Ceragon and Siklu

Posted on 16, May 2025 by EuropaWire PR Editors

(IN BRIEF) ELKO has become the first regional distributor to offer wireless connectivity solutions from Ceragon and its sub-brand Siklu, expanding its portfolio with high-performance microwave and millimeter-wave technologies. These solutions, trusted by over 600 service providers worldwide, cater to various … Read the full press release →

Posted in Business, Electronics & Machinery, Latvia, Marketing, Retail, Technology

Tagged AI-driven software, Ceragon, Ceragon products, digital transformation, E-band, ELKO, ENERGY, EtherHaul series, ISPs, microwave, millimeter wave, network management, networking solutions, Public Safety, radio systems, Siklu, Smart Cities, system integration, utilities, V-band, wireless connectivity

Latvia Chosen as Host for the EBRD’s 35th Annual Meeting in 2026 to Highlight Investment Opportunities

Posted on 15, May 2025 by EuropaWire PR Editors

(IN BRIEF) The EBRD has announced that its 35th Annual Meeting will be held in Riga, Latvia, from June 5 to 7, 2026. The event, expected to attract over 2,000 participants, will feature a comprehensive programme, including discussions on investment … Read the full press release →

Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Latvia

Tagged Annual Meeting, Arvils Aseradens, Business Forum, Donors’ Meeting, EBRD, EBRD Governor, energy efficiency, energy security, export competitiveness, financial sector, institutional investment, investment destination, Kazuhiko Koguchi, Latvia, Latvia investment climate, partnership, Riga

ELKO Group Expands Blackview Distribution to Slovakia, Czech Republic, and Hungary

Posted on 9, April 2025 by EuropaWire PR Editor

(IN BRIEF) ELKO Group is expanding its distribution of Blackview rugged devices into Slovakia, the Czech Republic, and Hungary under the WESTech brand. This initiative builds on their established distribution agreements in the Baltics and Slovenia, further enhancing the partnership … Read the full press release →

Posted in Business, Czech Republic, Environment, Financial, Government, Hungary, Industrial, Infrastructure & Utilities, Investment, Latvia, Management, News, Slovakia, Technology

Tagged authorized distribution, Baltics, Blackview, consumer electronics, Czech Republic, durable smartphones, ELKO Group, Harsh Environments, Hungary, Industrial, INNOVATION, IT distributor, market expansion, outdoor, partnership, professional, rugged devices, Slovakia, Slovenia, smart devices, sustainability, tablets, Team WESTech, WESTech

Saab Secures SEK 2.1 Billion Order for Advanced Air Defence System in Latvia

Posted on 1, April 2025 by EuropaWire PR Editor

(IN BRIEF) Saab has signed a framework agreement with the Latvian Ministry of Defence for its RBS 70 NG short-range ground-based air defence system, receiving an order valued at SEK 2.1 billion. The order includes firing units, missiles, and trainer … Read the full press release →

Posted in Aviation & Aerospace, Business, Defence, Financial, Government, Industrial, Investment, Latvia, Management, News, Security & Safety, Sweden, Technology

Tagged Aerial Threats, aircraft, automatic target tracker, built-in night sight, Drones, Dynamics, firing units, Görgen Johansson, Latvian Ministry of Defence, Latvian National Armed Forces, missiles, partnership, RBS 70 NG, Saab, short-range ground-based air defence, trainer units

ELKO Group Brings Globally Acclaimed Narwal Robotic Vacuums to Romania with Exclusive Distribution Deal

Posted on 13, March 2025 by EuropaWire PR Editor

(IN BRIEF) ELKO Group has become the exclusive distributor for Narwal in Romania, bringing the renowned robotic vacuum brand to the local market with two flagship models—Narwal Freo Z Ultra and Narwal Freo X Ultra—and plans to launch a total … Read the full press release →

Posted in Artificial Intelligence (AI), Business, Electronics & Machinery, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Management, News, Romania, Technology

Tagged adaptive mopping, AI-guided navigation, Baiba Indane, Business Development Director, CES 2025, ELKO Group, European market, flagship models, hands-free cleaning, home robotics, Narwal, Narwal Freo X Ultra, Narwal Freo Z Ultra, obstacle avoidance, partnership, patented technologies, robotic vacuum, Romania, smart mapping

EIB Boosts Latvia’s Grid Modernization with €200 Million Loan for Renewable Energy Integration

Posted on 7, March 2025 by EuropaWire PR Editor

(IN BRIEF) The European Investment Bank has approved a €200 million loan to Latvenergo AS to upgrade Latvia’s electricity distribution network, enhancing reliability for nearly 1.9 million customers while integrating digital innovations and renewable energy sources. Scheduled for completion by … Read the full press release →

Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Luxembourg, Management, News, Technology

Tagged Climate Action, digital innovation, EIB, Electricity distribution network, energy security, European Investment Bank, financing accord, green credentials, Guntars Baļčūns, Latvenergo AS, Latvia, National Energy and Climate Plan, partnership, renewable energy, sustainability, sustainable energy, Thomas Östros, €200 million loan

Baltic States Achieve Historic Electricity Grid Synchronization with Europe, Boosting Energy Security

Posted on 11, February 2025 by EuropaWire PR Editor

(IN BRIEF) Estonia, Latvia, and Lithuania have successfully synchronized their electricity grids with the European Continental European Network, marking a significant step in their energy independence from Russia and Belarus. This achievement, celebrated as “Energy Independence Day,” strengthens the region’s … Read the full press release →

Posted in Belgium, Business, Energy, Gas & Oil, Environment, Estonia, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Lithuania, Management, News, Technology

Tagged Baltic Sea, BRELL energy system, CEF, CEN, Connecting Europe Facility, Continental European Network, electricity grids, Energy Independence Day, energy infrastructure, energy security, energy transition, Estlink, Estonia, EU, European Commission, fossil fuels, Harmony Link Interconnector, interconnectors, Latvia, Lithuania, LitPol Link, Malgosia Bartosik, NordBalt, Offshore wind, partnership, renewable energy, sustainability, Ursula von der Leyen, wind farms, wind power, WindEurope

ENTSO-E Marks Successful Synchronization of Baltic States’ Electricity Grids with Continental Europe

Posted on 10, February 2025 by EuropaWire PR Editor

(IN BRIEF) On February 9, 2025, Estonia, Latvia, and Lithuania successfully synchronized their electricity systems with Continental Europe’s electricity grid, marking a historic achievement for the Baltic States and Europe. The synchronization improves energy security and independence for the region, … Read the full press release →

Tagged Amprion, Augstsprieguma tīkls, Baltic States, BELARUS, CESA, Connecting Europe Facility, Continental Europe Synchronous Area, Dan Jørgensen, electricity grids, electricity interconnections, Elering, energy cooperation, Energy Independence, energy resilience, energy security, ENTSO-E, Estonia, European Commission, European electricity transmission system operators, European Union, Latvia, Litgrid, Lithuania, partnership, PSE, RUSSIA, sustainability, synchronization, transmission system operators, Zbyněk Boldiš

airBaltic Teams Up with AFRY to Enhance Maintenance Efficiency with AMOS System

Posted on 15, January 2025 by EuropaWire PR Editor

(IN BRIEF) airBaltic has partnered with AFRY to implement the AMOS (Aircraft Maintenance and Operational Support) system, aiming to enhance maintenance operations and support the airline’s growth. The 18-month project will streamline processes such as scheduling, inventory management, and real-time … Read the full press release →

Posted in Aviation & Aerospace, Business, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Latvia, Management, News, Sweden, Technology

Tagged AFRY, airBaltic, Aircraft Maintenance and Operational Support, Aleksandrs Vorobjovs, AMOS, aviation industry, Business Unit Manager Asset Management System, digital transformation, efficiency, GROWTH, Head of Maintenance Workflow Digitalisation, integration, inventory management, Kim Hansen, maintenance operations, operational control, partnership, real-time data handling, scheduling, sustainabiity

EIF Pledges €20 Million to New Private Credit Fund Supporting Baltic SMEs and Sustainable Growth

Posted on 13, January 2025 by EuropaWire PR Editor

(IN BRIEF) The European Investment Fund (EIF) has committed €20 million to the SG Capital Baltic Private Credit Fund, a new initiative managed by Latvia-based SG Capital Partners AIFP. The fund aims to raise €100 million to support small and … Read the full press release →

Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Latvia, Luxembourg, Management, News, Small Business, Technology

Tagged acquisitions, Arvīds Kostomārovs, Baltic businesses, bonds, capital expenditure, Climate Action, economic growth, EIF, EIF investment, environmental sustainability, Estonia, European Investment Fund, flexible financing solutions, funding gap, Harijs Švarcs, INNOVATION, institutional investors, InvestEU programme, Latvia, Lithuania, Marjut Falkstedt, Mid-Sized Companies, partnership, private credit, private credit financing, senior loans, SFDR, SG Capital, SG Capital Baltic Private Credit Fund, SG Capital Partners AIFP, SMEs, sustainabilty, Sustainable Finance, Sustainable Finance Disclosure Regulation, working capital

Lithuania and EIB Partner to Improve Energy Efficiency in 700 Apartment Buildings

Posted on 12, December 2024 by EuropaWire PR Editor

(IN BRIEF) The Lithuanian government and the European Investment Bank (EIB) have partnered in a €100 million initiative to renovate 700 multi-apartment buildings, mobilizing up to €625 million to improve energy efficiency. The project will reduce household energy bills, … Read the full press release →

Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Luxembourg, Management, News, Technology

Tagged apartment buildings, EIB, energy efficiency, Gintarė Skaistė, Lithuania, partnership, Simonas Gentvilas, sustainability, Thomas Östros

Uniper Ruhrgas International GmbH to Sell 18.26% Stake in AS Latvijas Gaze

Posted on 11, December 2024 by EuropaWire PR Editor

(IN BRIEF) Uniper Ruhrgas International GmbH, a subsidiary of Uniper SE, plans to sell its 18.26% stake in AS Latvijas Gaze through an open and transparent bidding process, following approval from the European Commission. AS Latvijas Gaze, a major player … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Management, News, Technology

Tagged acquisition, AS Latvijas Gaze, Latvia, partnership, sustainability, Uniper Ruhrgas International GmbH

Category Archives: Latvia

Sunly Secures €85 Million to Develop Four 329 MW Solar Parks in Latvia

NIB backs Balticovo with a EUR 30 million InvestEU-supported loan to boost capacity nearly 50% and slash cage-laid eggs to 14%

Latvia’s Altum Joins €300 Million EU Guarantee Scheme to Boost Exports for Ukraine Reconstruction

Volvo CE to Invest SEK 7 Billion in Swecon Deal That Expands Retail and Service Network Across Northern Europe

EIF Partners with BluOr Bank to Offer €30 Million in Green Financing for Latvian SMEs

EIF and Citadele Bank Partner to Provide Up to €138 Million in Preferential Loans for Baltic Businesses

SAF Tehnika Combines Wellness and Innovation through Weekly Training Runs, Building Team Spirit and Employee Growth

ELKO Becomes First Distributor in Region to Offer Cutting-Edge Wireless Connectivity Solutions from Ceragon and Siklu

Latvia Chosen as Host for the EBRD’s 35th Annual Meeting in 2026 to Highlight Investment Opportunities

ELKO Group Expands Blackview Distribution to Slovakia, Czech Republic, and Hungary

Saab Secures SEK 2.1 Billion Order for Advanced Air Defence System in Latvia

ELKO Group Brings Globally Acclaimed Narwal Robotic Vacuums to Romania with Exclusive Distribution Deal

EIB Boosts Latvia’s Grid Modernization with €200 Million Loan for Renewable Energy Integration

Baltic States Achieve Historic Electricity Grid Synchronization with Europe, Boosting Energy Security

ENTSO-E Marks Successful Synchronization of Baltic States’ Electricity Grids with Continental Europe

airBaltic Teams Up with AFRY to Enhance Maintenance Efficiency with AMOS System

EIF Pledges €20 Million to New Private Credit Fund Supporting Baltic SMEs and Sustainable Growth

Lithuania and EIB Partner to Improve Energy Efficiency in 700 Apartment Buildings

Uniper Ruhrgas International GmbH to Sell 18.26% Stake in AS Latvijas Gaze

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