(IN BRIEF) SAF Tehnika has launched the PhoeniX IRFU Mk3, a next-generation indoor radio frequency unit designed to meet the increasing demand for high-capacity and energy-efficient network infrastructure. The compact 1U rack-mounted device delivers high transmitter power, wide bandwidth support, … Read the full press release
Posted in Business, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Management, Marketing, Technology, Telecom
Tagged 4096QAM, 4QAM, bandwidth, connectivity, digital pre distortion, DPD, energy efficiency, indoor networks, microwave communication, network infrastructure, PhoeniX IRFU Mk3, radio frequency unit, RF, SAF Tehnika, SAF Tehnika Introduces Advanced Indoor RF Unit Designed for Scalable and Efficient Network Deployment, telecommunications, Toms Kalderovskis, wireless technology
(IN BRIEF) The European Investment Bank is partnering with Latvia’s Ministry of Economics and the Investment and Development Agency of Latvia to support the growth of high-potential and technology-driven businesses. Through this advisory initiative, the EIB will assess Latvia’s current … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Government, Industrial, Investment, Latvia, Luxembourg, Management, Marketing, Small Business, Technology
Tagged and Business Scalability, Baltic innovation, deep tech, economic development, EIB, EIB Supports Latvia with Strategic Roadmap to Improve Financing, EU funding, European Investment Bank, high growth companies, Ieva Jāgere, Innovation Capacity, InvestEU, Investment and Development Agency of Latvia, Karl Nehammer, Latvia, Latvia Collaborates with European Investment Bank to Unlock Growth Potential in Innovation and Start-Up Sectors, LIAA, Ministry of Economics of Latvia, Riga Technical University, startups Latvia, technology sectors, venture financing, Viktors Valainis
(IN BRIEF) The European Bank for Reconstruction and Development has increased its investment in Green Genius by €50 million, bringing its total commitment to €150 million. The funding will support the company’s renewable energy expansion across Lithuania, Latvia, and Poland, … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Latvia, Lithuania, Management, Poland, United Kingdom
Tagged battery energy storage systems, BESS, EBRD, EBRD Strengthens Renewable Energy Portfolio with Additional €50 Million Equity Stake in Green Genius, EBRD Supports Energy Transition in Baltic Region with Increased Investment in Battery Storage and Renewable Projects, energy transition, European Bank for Reconstruction and Development, Green Genius, grid resilience, Grzegorz Zieliński, infrastructure investment, Latvia, Lithuania, Modus Group, Poland, renewable energy, Ruslan Sklepovič, solar power, sustainable energy, Tomas Kairys, wind energy
(IN BRIEF) Capitalia has partnered with the European Investment Fund to launch a €15 million financing initiative for microenterprises in Estonia, Latvia, and Lithuania, backed by the EU’s InvestEU programme. The scheme will offer crowdfunded loans of up to €50,000 … Read the full press release
Posted in Banks, Business, Estonia, European Union, Financial, Industrial, Investment, Latvia, Lithuania, Management, News, Small Business
Tagged Baltic region, business loans, Capitalia, crowdfunding, economic development, EIF, EIF Supports First Crowdfunding Platform Under InvestEU to Expand Access to Finance for Small Businesses in the Baltics, Estonia, EU funding, European Investment Fund, European Investment Fund and Capitalia Introduce Innovative Crowdfunded Loan Scheme to Support Baltic Small Business Growth, InvestEU programme, Juris Grišins, Latvia, Lithuania, Marjut Falkstedt, microenterprises, retail investors, Small Business Support, SME financing
(IN BRIEF) Germany, Latvia and Lithuania have agreed to jointly develop the Baltic-German PowerLink, a hybrid subsea electricity interconnector that will link their grids and connect offshore wind capacity in the Baltic Sea. Transmission operators 50Hertz, AST and Litgrid will … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Latvia, Lithuania, Management, News
Tagged 50Hertz, AST, Baltic German PowerLink, Baltic German PowerLink Moves Into Planning Phase With EU Backing Sought for Hybrid Offshore Connection, Baltic Sea energy project, cross border transmission, energy security, European grid integration, Germany Latvia and Lithuania Join Forces on Baltic German PowerLink to Integrate Offshore Wind Into European Grid, Germany Latvia Lithuania energy cooperation, Hybrid Interconnector, International Energy Agency meeting Paris, Kaspars Melnis, Katherina Reiche, Litgrid, New Subsea Electricity Corridor Set to Link Baltic Wind Resources With Continental European Power Markets, offshore wind integration, Project of Common Interest PCI, renewable electricity trade, submarine cable, Ten Year Network Development Plan TYNDP, Žygimantas Vaičiūnas
(IN BRIEF) Atos has successfully delivered comprehensive IT and digital operations support for UEFA Futsal EURO™ 2026 across Latvia, Lithuania, and Slovenia, deploying on-site and remote teams to manage accreditation, infrastructure, networks, and user support, while also completing its first … Read the full press release
Posted in Artificial Intelligence (AI), Business, Entertainment, Financial, France, Industrial, Investment, Latvia, Lithuania, Management, Marketing, Media, Slovenia, Sports, Technology
Tagged accreditation management, AI, Atos, Atos Major Events, Atos Successfully Delivers Digital Operations for UEFA Futsal EURO 2026 and Completes First Full UEFA Competition Cycle, CONMEBOL, digital operations, digital transformation, European Qualifiers, Fan Engagement, futsal, ICT services, innovation in sport, Latvia, Lithuania, major events technology, Nacho Moros, network infrastructure, Olympic Games, Paralympic Games, Paris 2024, Slovenia, sports technology, UEFA, UEFA EURO 2024™, UEFA Futsal EURO 2026, UEFA Nations League Finals 2023, UEFA Nations League Finals 2025, UEFA Under-21 Championship 2025
(IN BRIEF) The European Investment Fund, together with Estonia, Latvia and Lithuania, has launched the €225 million Baltic Innovation Fund 3 to strengthen the region’s private equity and venture capital market and mobilise up to €700 million in total investment … Read the full press release
Posted in Banks, Business, Estonia, European Union, Financial, Investment, Latvia, Lithuania, Luxembourg, Small Business, Technology
Tagged Altum, Baltic innovation ecosystem, Baltic Innovation Fund 3, climate-aligned investment, EIF and Baltic Partners Strengthen Regional Investment Ecosystem with Baltic Innovation Fund 3, Estonia, European Investment Fund, Fiduciary Management, growth capital, ILTE, Latvia, Lithuania, Marjut Falkstedt, private equity, public-private investment, Reinis Bērziņš, scale-ups, Sille Pettai, SmartCap, startup funding, Tadas Gudaitis, venture capital
(IN BRIEF) Gandalf Distribution AB, part of ELKO Group, has launched Easyride, a new Nordic electric scooter brand developed in partnership with NAVEE and set to go on sale in early March 2026 under the label “Powered by NAVEE”. Designed … Read the full press release
Posted in Automotive, Business, Energy, Gas & Oil, Environment, Financial, Government, Investment, Latvia, Management, Sweden, Technology, Transportation & Logistics
Tagged consumer electronics distribution, Easyride, Elcare Nordic, electric scooters, ELKO Group, ELKO Group’s Gandalf Distribution Unveils Easyride Micromobility Brand, Gandalf Distribution, Gandalf Distribution and NAVEE Introduce Easyride to the Nordic Market, Jonas Österbacka, micromobility, NAVEE, Nordic electric scooters, regulatory compliance, safety, Sharon Wang, smart mobility, Spoon agency, Sweden Norway Finland Denmark, urban mobility
(IN BRIEF) ELKO Group has been appointed as an authorised distributor of Segway Navimow’s wire-free, AI-enabled robotic lawn mowers across seven countries in the Baltics and Central and Eastern Europe, expanding the brand’s retail reach through ELKO’s Massive Retailer Channel … Read the full press release
Posted in Artificial Intelligence (AI), Business, Electronics & Machinery, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Management, Marketing, Retail, Technology
Tagged AI obstacle detection, Baiba Indane, Baltics, Bulgaria, Central and Eastern Europe, CROATIA, ELKO Group, ELKO Group Becomes Regional Distributor for Segway Navimow’s Wire-Free AI Robotic Lawn Mowers, Estonia, i2 AWD, i2 LiDAR, i2 LiDAR Pro, Latvia, LiDAR navigation, Lithuania, Network RTK, retail distribution, robotic lawn mowers, Romania, Ryan Kong, Segway Navimow, Slovenia, smart garden, smart home, wire-free mowing, X4 Series
(IN BRIEF) The EBRD invested a record €654 million in the Baltic states in 2025, driven by unprecedented levels of financing in Latvia and Lithuania and continued strong performance in Estonia, with more than 95 per cent of funds supporting … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Estonia, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Lithuania, Management, Marketing, Technology, United Kingdom
Tagged Baltic Capital Markets Acceleration Fund, Baltic States, battery energy storage, capital markets, decarbonisation, EBRD, EBRD delivers record €654 million investment in the Baltic states in 2025 with strong green focus, electric vehicle charging, energy security, Estonia, green transition, Ignitis, ILTE, Kelme Wind Park, Latvia, Lithuania, private sector investment, renewable energy, Securities Market Act, securitisation, Sunly, Tomas Kairys
(IN BRIEF) Rīga Stradiņš University (RSU) will host the BFCS 2026 international conference on 19–20 March 2026 in Riga, Latvia, in collaboration with the Baltic Flow Cytometry Society. The two-day event will bring together flow cytometry specialists, clinicians, and researchers … Read the full press release
Posted in Education, Healthcare, Latvia, Pharma & Biotech, Science, Technology
Tagged abstract submission, Baltic Flow Cytometry Society, BFCS, BFCS 2026, biomedical research, clinical research, early-career researchers, flow cytometry, immunology, Institute of Microbiology and Virology, interdisciplinary collaboration, international scientific conference, microbiology, oncology, PhD students, postdoctoral fellows, Riga Latvia, Rīga Stradiņš University, RSU, scientific networking, virology, Young Researcher Awards
(IN BRIEF) ELKO Group has completed the acquisition of a 60% stake in Finland-based Bat.Power Oy through its subsidiary Gandalf Distribution AB, marking a strategic step in expanding its local presence in Finland and strengthening its Nordic distribution platform. Bat.Power … Read the full press release
Posted in Business, Electronics & Machinery, Finland, Industrial, Investment, Latvia, News, Technology
Tagged acquisition, Bat.Power Oy, consumer electronics, cross-selling, ELKO Group, ELKO Group Completes Strategic Acquisition to Establish Local Operations in Finland, ERP integration, Finland market expansion, Gandalf Distribution AB, gradual integration, IT distribution, logistics centre Tampere, majority stake, mobile accessories, Nordic distribution, Nordic growth strategy, Small domestic appliances, Svens Dinsdorfs, Tommi Järvinen, TV products
(IN BRIEF) The European Investment Fund and ALTUM have launched a new cooperation supported by the EU’s InvestEU programme to improve access to study loans for students in Latvia. The agreement will make up to €66 million available between 2026 … Read the full press release
Posted in Education, European Union, Financial, Investment, Latvia, Luxembourg, Technology
Tagged Altum, counter-guarantee, education financing, EIF, European Fund for Strategic Investments, European Investment Fund, higher education access, INNOVATION, InvestEU, Latvia, Latvian students, Marjut Falkstedt, New InvestEU-backed agreement strengthens Latvia’s student loan system with improved terms and wider eligibility, Reinis Bērziņš, Skills and Education Guarantee Pilot, skills development, study loans, sustainable growth
(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
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