Category Archives: Latvia

Press Releases & News from Latvia distributed via EuropaWire

Forest Management: New tool utilizes Copernicus satellite data and advanced artificial intelligence (AI) to map, mitigate, and prevent threats to EU forests

(IN BRIEF) The Horizon Europe-funded SWIFTT project introduces a tool using Copernicus satellite data and AI to combat forest threats like insect outbreaks, wildfires, and windthrow. This innovation aims to boost productivity and cost-effectiveness for forest managers and policymakers. Forests … Read the full press release

NIB Partners with Latvian Air Transport Infrastructure Company LGS to Advance Air Navigation Technologies

(IN BRIEF) Nordic Investment Bank (NIB) has entered a nine-year loan agreement with Latvijas Gaisa Satiksme (LGS) to co-finance its investment program for air navigation advancements from 2024 to 2026. The EUR 25 million loan will support the modernization and … Read the full press release

Driving Green Growth: HeavyFinance Secures €50 Million to Drive Sustainable Agriculture in Europe

(IN BRIEF) HeavyFinance announces a €50 million fundraising for a private credit fund aimed at supporting European agricultural SMEs with tailored finance solutions to advance decarbonization efforts. With the EIF committing €20 million as a cornerstone investor and support from … Read the full press release

Ingka Group’s Investment Arm Acquires 23,883 Hectares of Forestland Across the Baltics for Responsible Forest Management

(IN BRIEF) Ingka Investments, the investment arm of Ingka Group, has acquired 23,883 hectares of land, including 19,276 hectares of forestland, across Finland, Estonia, and Latvia. This acquisition aligns with their commitment to responsible forest management. The properties contain a … Read the full press release

EIB Group Expands Baltic Presence with New Offices in Riga and Tallinn

(IN BRIEF) The European Investment Bank (EIB) Group has announced plans to establish local offices in Riga, Latvia, and Tallinn, Estonia, aiming to bolster its support for regional projects and investments. This move signifies a deeper commitment to the Latvian … Read the full press release

ELKO Ukraine Elevates Tech Landscape with Acer Partnership for Premium IT Products

(IN BRIEF) ELKO Ukraine has entered into a strategic agreement with Acer, a renowned global leader in information and communication technologies, to supply Acer laptops and monitors to the Ukrainian market. With Acer’s products enjoying a strong reputation and demand … Read the full press release

EBRD Invests €10 Million in Baltic Venture Capital Fund to Boost Early-Stage Innovation

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is backing the growth of venture capital markets in the Baltic states by providing a €10 million investment in Practica Venture Capital III, managed by Lithuania-based venture capital manager Practica … Read the full press release

Coordinated Action Targets Illegal Exports to Russia; Three Suspects Arrested

(IN BRIEF) Eurojust and Europol supported a joint operation by Dutch, German, Latvian, Lithuanian, and Canadian authorities targeting alleged violations of export sanctions to Russia. During the operation, three suspects were apprehended, and 14 locations were searched as part of … Read the full press release

EIB and Luminor Bank Sign €115 Million Agreement to Boost SME Financing in the Baltic States

(IN BRIEF) The European Investment Bank (EIB) and Luminor Bank AS have inked a €115 million agreement to enhance lending to small and medium-sized enterprises (SMEs) and mid-cap companies in Estonia, Latvia, and Lithuania. The collaboration between the EIB and … Read the full press release

ELKO and Pantum Form Distribution Agreement to Offer Printing Solutions in Poland

(IN BRIEF) ELKO and Pantum have entered into a distribution agreement to provide a comprehensive range of Pantum printing products and consumables in Poland. Pantum, a rapidly expanding printer manufacturer known for its innovative products and commitment to quality, offers … Read the full press release

Latvia’s Kekava Bypass: A Game-Changer in Baltic Infrastructure

(IN BRIEF) Latvia’s Kekava bypass, a pioneering public-private partnership (PPP) project, has been completed in just two years, diverting heavy traffic away from Kekava and promising more efficient travel through the Baltics. Despite a 17-year planning process and external challenges, … Read the full press release

ELKO Receives Accolades as Best Retail Partner and Customer Service Distributor in 2023 CONTEXT ChannelWatch Survey

(IN BRIEF) ELKO, a prominent player in the technology distribution industry, has earned recognition as the “Best Retail Partner” and the “Best Customer Service Distributor” in the 2023 CONTEXT ChannelWatch survey, a widely-respected online IT reseller survey known for its … Read the full press release

ELKO Partners with Autel Energy to Bring Efficient EV Charging Solutions to Latvia

(IN BRIEF) ELKO, a distributor in Latvia, has partnered with Autel Energy, a developer of efficient electric vehicle (EV) charging solutions, including AC and DC chargers and energy storage systems for various sectors. Autel Energy’s product range encompasses AC Wallbox, … Read the full press release

ELKO Partners with Alta Labs, a New Player in Enterprise WiFi and Network Solutions

(IN BRIEF) ELKO, a prominent distributor of IT and CE products in Europe, has officially become a distributor for Alta Labs, a new but experienced enterprise WiFi and network switching manufacturer. Although Alta Labs is a recent brand, its team … Read the full press release

EBRD Joins Forces with Baltic Nations for MSCI Initiative, Strengthening Investor Appeal

(IN BRIEF) Estonia, Latvia, and Lithuania, in collaboration with the EBRD, EC, and Nasdaq Baltic, are welcoming the MSCI initiative to consolidate their markets into a single index. This integration will raise the region’s profile among international investors who track … Read the full press release

Programa respaldado por InvestEU para beneficiar a microempresas en Lituania, Letonia y Polonia con préstamos de hasta 50 000 EUR

(NOTICIA EN BREVE) El Fondo Europeo de Inversiones (FEI) ha firmado un acuerdo de garantía de cartera con Noviti Finance para prestar casi 47 millones de euros a microempresas en Lituania, Letonia y Polonia en condiciones preferenciales. La garantía del … Read the full press release

InvestEU-backed programme to benefit micro-enterprises in Lithuania, Latvia and Poland with up to €50,000 loans

(IN BRIEF) The European Investment Fund (EIF) has signed a portfolio guarantee agreement with Noviti Finance to lend almost €47 million to micro-businesses in Lithuania, Latvia, and Poland on preferential terms. The EIF guarantee is provided under the European Union’s … Read the full press release

New gaming brand Lorgar seizes European market

(PRESS RELEASE) AMSTERDAM, 3-Oct-2022 — /EuropaWire/ — Lorgar, the new brand of high-performance accessories for gamers, introduces a portfolio of products for gaming with top-tier functionality at competitive prices. The expansive brand catalog includes a number of product categories: mice, … Read the full press release

Stora Enso part of the unique Choppy Bike packaging box

(PRESS RELEASE) HELSINKI, 31-Aug-2022 — /EuropaWire/ — Stora Enso (HEL: STERV), a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper, has announced that the company is an instrumental part of the unique Choppy Bike packaging box. … Read the full press release

Stora Enso Teil der einzigartigen Choppy Bike-Verpackungsbox

(PRESSEMITTEILUNG) HELSINKI, 31-Aug-2022 — /EuropaWire/ — Stora Enso (HEL: STERV), ein führender Anbieter erneuerbarer Verpackungslösungen , Biomaterialien, Holzkonstruktionen und Papier, hat angekündigt, dass das Unternehmen maßgeblich an der einzigartigen Choppy Bike-Verpackungsbox beteiligt ist. Die Verpackung des Choppy Bike, eines Laufrads … Read the full press release

Η HBC Consulting Expert θεωρεί παράλογη την εμπλοκή του κυπριακού δικαστηρίου στην υπόθεση κληρονομιάς από τη χήρα του ολιγάρχη Μπόσοφ

Ο ολιγάρχης είχε αποκτήσει την περιουσία του πολύ πριν παντρευτεί την Κατερίνα. Ως εκ τούτου, δεν έχει κανένα δικαίωμα να διεκδικήσει τον έλεγχο των επιχειρήσεων και της ακίνητης περιουσίας αυτού (ΔΕΛΤΙΟ ΤΥΠΟΥ) ΛΕΜΕΣΟΣ, Κύπρος, 14-Ιουλίου-2022 — /EuropaWire/ — Ο Χένρι … Read the full press release

Esperto della società di consulenza HBC: le autorità italiane non hanno permesso a Katerina Bosov di vendere la villa del marito

I tentativi di vendere la villa senza il permesso delle autorità potrebbero complicare la sua permanenza in Europa (COMUNICATO STAMPA) LUCCA, Italia, 13-Lug-2022 — /EuropaWire/ — La società di consulenza HBC ha reso noto che le autorità italiane hanno bloccato … Read the full press release

HBC Consulting Expert considers senseless the involvement of the Cypriot court in the case of inheritance by the widow of oligarch Bosov

The oligarch had earned his fortune long before his marriage to Katerina. So she has no rights to claim for business and property. (PRESS RELEASE) LIMASSOL, Cyprus, 13-Jul-2022 — /EuropaWire/ — Henry Bertson, HBC Consulting expert, believes that the Limassol … Read the full press release

STILL ALIVE by Andrej Statskij: A book that will give you the strength to survive in a dangerous situation

Author looking for a sponsor (PRESS RELEASE) JELGAVA, Latvia, 29-Mar-2022 — /EuropaWire/ — Still Alive was begun by Andrej Statskij in early 2021 in a hospital while battling a dangerous illness. It was finished later that year and received a … Read the full press release

EBRD appoints Elisabetta Falcetti as the new Head for Poland

(PRESS RELEASE) LONDON, 15-Jun-2021 — /EuropaWire/ — European Bank for Reconstruction and Development (EBRD) announces the appointment of Elisabetta Falcetti as the new Head in in central Europe and the Baltic states (CEB). EBRD President Odile Renaud-Basso has formally introduced … Read the full press release

Breakthrough delivery fiber to enable ultrafast high-power laser processing

(PRESS RELEASE) TAMPERE, Finland, 24-Feb-2021 — /EuropaWire/ — The PULSE project has now packaged a unique fiber design into a rugged water-cooled laser-light cable ready to enable a new era in ultrafast light delivery for advanced manufacturing (Figure 1). Increased power … Read the full press release

Experts demand for more transparency for medical treatment of politicians

(PRESS RELEASE) RIGA, 29-Dec-2020 — /EuropaWire/ — German Charite Medical Center once again is in the limelight of international attention: on December 17 the popular mayor of Kharkov (Ukraine), Gennady Kernes, passed away at the well known hospital after a … Read the full press release

KEEPP announces blockchain based equity-token crowdfunding (STO)

(PRESS RELEASE) RIGA, 13-Oct-2020 — /EuropaWire/ — Keepp – a share company, registered in Latvia is announcing plans for equity crowdfunding campaign assisted by technology and compliance provider Fintelum ( In the unprecedented fundraise, Keepp will be issuing a security … Read the full press release

Vattenfall among the top most sustainable brands in Northern Europe according to the Sustainable Brand Index survey

(PRESS RELEASE) STOCKHOLM, 15-May-2020 — /EuropaWire/ — Multinational power company Vattenfall is considered by customers to be one of the most sustainable brands all over Northern Europe according to newly published study. Performed annually in eight counties, the Sustainable Brand … Read the full press release

Breakthrough Results with High-Power Laser Technology will Transform Electric Vehicles

(PRESS RELEASE) TAMPERE, Finland, 30-Dec-2019 — /EuropaWire/ — The northern lights are shining extra-bright in Tampere Finland this month as a major step forward in amplifying the power of lasers was achieved. For the first time a laser using similar … Read the full press release

Levira and Pixellot Introduce AI-automated Sports Production to All Estonian and Latvian Basketball Leagues

Starting this season, all games from the men and women Estonian and Latvian leagues will be broadcast on television and streamed over the web (PRESS RELEASE) TALLINN, Estonia, RIGA, Latvia & TEL AVIV, Israel, 25-Sep-2019 — /EuropaWire/ — AS Levira, Estonia’s … Read the full press release

NIB funds Maxima Grupe’s investment in energy efficiency solutions at its stores in Lithuania, Latvia and Estonia

(PRESS RELEASE) HELSINKI, 7-Aug-2019 — /EuropaWire/ — NIB and Maxima LT, UAB sign ten-year EUR 52 million loan agreement to finance Maxima’s investments in its retail network renewal in Lithuania, Latvia and Estonia. The Lithuanian retail company will upgrade 31 … Read the full press release

200 SMEs in Bulgaria, Latvia and Romania to benefit from the joint EBRD and EU programme

(PRESS RELEASE) LONDON, 4-Jun-2019 — /EuropaWire/ — Investment in research and innovation by small and medium-sized enterprises (SMEs) in Bulgaria, Latvia and Romania will now have support from new financing programme launched by the EBRD and the EU. The new … Read the full press release

ELKO opens a competency centre in Kiev, Ukraine

RIGA, 15-Jun-2018 — /EuropaWire/ — Within the framework of the solutions distribution development, ELKO opens a competency centre in Kiev, Ukraine – ELKO Smart Center, the chief task of which will be acquainting partners and customers with currently important developments of … Read the full press release

Sweden presents anniversary funds to celebrate the 100th anniversaries of Estonia, Latvia and Lithuania to promote broad exchange between the countries

STOCKHOLM, 29-May-2018 — /EuropaWire/ — Minister for Foreign Affairs Margot Wallström today presented Sweden’s gift in the form of three anniversary funds the Government intends to set up for Estonia, Latvia and Lithuania on the occasion of their 100th anniversaries … Read the full press release

Sweden: Minister for Upper Secondary School and Adult Education and Training Anna Ekström visits Latvia and Lithuania

STOCKHOLM, 16-Jan-2018 — /EuropaWire/ — Vocational education and training, ministerial meetings and panel discussions on women’s leadership – these are some of the programme points when Minister for Upper Secondary School and Adult Education and Training Anna Ekström visits Latvia … Read the full press release

Leonardo: State Border Guard of Latvia orders two AW119Kx single engine helicopters

Two AW119Kx helicopters will join two AW109 Powers in 2019 to perform SAR, transport, firefighting and disaster relief missions  Contract also includes an option for an additional unit and aircrew/maintenance technician training services Orders for nearly 300 AW119s placed by … Read the full press release

ABLV Charitable Foundation Christmas Charitable Campaign: donate to the “New Riga” programme

Riga, Latvia, 07-Dec-2017 — /EuropaWire/ — For the tenth year in a row, in collaboration with ABLV Bank, the ABLV Charitable Foundation is organising a Christmas Charitable Campaign in which everyone, who cares about the Foundation’s goals and who wants to … Read the full press release

Maxim Stomakhin joins ELKO Grupa AS Management Board

RIGA, 26-Sep-2017 — /EuropaWire/ — ELKO Grupa AS informs that as of September 20, 2017 the Management Board has been expanded by appointing Maxim Stomakhin (pictured) as the Member of the Board. Prior to his employment at ELKO, Maxim Stomakhin … Read the full press release

ABLV introduces innovative products and services for improved customer convenience this autumn

RIGA, 22-Sep-2017 — /EuropaWire/ — Payment card offer optimization, financing of goods exported from Ukraine, letter of credit financing, LEI for legal entities to make financial instruments transactions, New Hanza Capital bond issue, new issues of ABLV Bank bonds, management of … Read the full press release