(IN BRIEF) ELKO Group has formed a new partnership with Swedish company STORViX, becoming the official distributor of its intelligent data storage solutions in Latvia, Lithuania, Estonia, and Greece. The collaboration centers on STORViX’s AiRE IntelligentFiler, a unified AI-powered platform … Read the full press release
Posted in Business, Electronics & Machinery, Industrial, Latvia, Marketing, News, Sweden, Technology
Tagged AI, AiRE IntelligentFiler, data storage, ELKO and STORViX Join Forces to Deliver AI-Driven Data Storage for Modern IT Infrastructures, ELKO Group, energy efficiency, enterprise IT, Estonia, Greece, hybrid cloud, intelligent data platform, Latvia, Lithuania, scalable storage, SmartCARE, STORViX, technology partnership, virtualization
(IN BRIEF) The European Investment Bank (EIB), the Latvian government, and the State Real Estate Agency (VNI) have signed an agreement to develop a new military base and training area in Selonia, along with a storage facility in Kuldīga. The … Read the full press release
Posted in Banks, Defence, European Union, Financial, Government, Industrial, Investment, Latvia, Luxembourg, News, Technology
Tagged Andris Sprūds, Arvils Aseradens, Baltic region, defence infrastructure, defence investment, EIB, EIB and Latvian Authorities Collaborate on Selonia Military Base and Defence Infrastructure Development, EIB to Support Latvia’s First Defence Infrastructure PPP with Advisory Expertise, European Investment Bank, European security, Infrastructure Development, Karl Nehammer, Kuldīga, Latvia, Latvia Advances Defence Infrastructure with EIB Support for Selonia Base and Kuldīga Facility, Latvian government, military base, Ministry of Defence, National Armed Forces Development Plan 2025–2036, NATO, PPP, Public Private Partnership, ReArm Europe, Renārs Griskevičs, resilience, Riga, SECURITY, Selonia, State Real Estate Agency, storage facility, training area, VNI
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has extended a €30 million sustainability-linked loan to Scandagra Group, backed by an InvestEU guarantee, to support the agribusiness company’s operations in Estonia, Latvia and Lithuania. The financing will fund … Read the full press release
Posted in Agriculture, Banks, Energy, Gas & Oil, Environment, Estonia, European Union, Financial, Infrastructure & Utilities, Investment, Latvia, Lithuania, Management
Tagged Baltic States, biodiversity, climate-smart farming, Dansk Landbrugs Grovvareselskab, Dataväxt, DLG, EBRD, EBRD and InvestEU support Scandagra with €30 million loan to scale precision farming in the Baltics, Estonia, European Bank for Reconstruction and Development, greenhouse gas emissions reduction, InvestEU, Lantmännen, Latvia, Lithuania, nutrient efficiency, Precision Agriculture, Scandagra Group, Scandagra secures first sustainability-linked loan from EBRD to cut emissions and boost resource efficiency, sustainability-linked loan, €30 million EBRD financing to drive climate-smart agriculture and green innovation across Baltic farmland
(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
(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
(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
(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
(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
(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
(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
(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
(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
(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
(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
(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
(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
(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
(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
(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
Posted in Belgium, Business, Energy, Gas & Oil, Environment, Estonia, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Lithuania, Management, News, Technology
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
(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
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