Tag Archives: Latvia

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

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

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

IKEA Partners with EFI and Preferred by Nature to Innovate Climate-Smart Forest Management Practices

Posted on 20, May 2025 by EuropaWire PR Editor

(IN BRIEF) IKEA, alongside the European Forest Institute and Preferred by Nature, has launched a research project to improve forest management and enhance biodiversity. Starting with IKEA’s forests in Latvia, the project will test climate-smart forestry methods and explore how … Read the full press release →

Posted in Business, Environment, Financial, Industrial, Investment, Management, Netherlands, News, Non Profit, Retail, Science, Technology

Tagged biodiversity, Carbon Sequestration, climate change, climate resilience, climate-smart forestry, ecosystem preservation, ecosystem services, European Forest Institute, forest certification, forest management, forestry innovation, IKEA, Ingka Group, Inter IKEA Group, Latvia, partnership, Preferred by Nature, responsible forestry, sustainability, sustainable development, sustainable practices, wood sourcing

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

Nordex Group Q1 Performance Surges to 2.2 GW with Increased ASP and Strong Orders from Türkiye, Germany, and Finland as 337 Turbines Are Booked Across 10 Countries

Posted on 10, April 2025 by EuropaWire PR Editor

(IN BRIEF) The Nordex Group reported a 5 percent year-on-year increase in order intake for Q1 2025, reaching 2,182 MW in its Projects segment (excluding the Service business), up from 2,086 MW in Q1 2024. In addition, the average sales … Read the full press release →

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

Tagged 337 wind turbines, average sales price, Brazil, Finland, Germany, José Luis Blanco, Latvia, Market Growth, Nordex Group, order intake, order performance, partnership, projects segment, Q1 2025, sustainability, Türkiye, wind energy

Swedbank Taps New Leader for Baltic Market Expansion

Posted on 1, April 2025 by EuropaWire PR Editor

(IN BRIEF) Swedbank has officially named Olof Sundblad as the permanent Head of Baltic Banking, elevating him from his acting role since October 2024. In this new capacity, he will remain a member of the Group Executive Committee. Sundblad’s appointment … Read the full press release →

Posted in Banks, Business, Economy, Financial, Industrial, Investment, Management, News, Sweden, Technology

Tagged acting Head, appointment, Baltic Banking, CFO, customer benefit, Estonia, financial industry, Group Executive Committee, growing economies, Jens Henriksson, Latvia, leadership, Lithuania, Olof Sundblad, Operating profit, permanent appointment, press release, Stockholm School of Economics, Swedbank

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

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

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

EIF Commits €15 Million to Merito Partners’ Fund to Boost SME Growth in the Baltic Region

Posted on 2, December 2024 by EuropaWire PR Editor

(IN BRIEF) The European Investment Fund (EIF) has committed €15 million from the Baltic Innovation Fund II to Merito Partners’ ‘Merito Baltic Opportunities I AIF,’ marking its first institutional investment in the fund. Aiming to raise €100 million, the fund … Read the full press release →

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

Tagged Andris Kotāns, Audrius Mozūras, Baltic region, EIF, Latvia, Lithuania, Marjut Falkstedt, Merito Partners’, Mikus Janvars, partnership, SME, sustainability

EIB and Latvian Government Unite to Boost Affordable Housing Development Amidst Growing Shortage

Posted on 3, October 2024 by EuropaWire PR Editor

(IN BRIEF) The European Investment Bank (EIB) is partnering with the Latvian government and the Latvian State Real Estate Company (SRE) to promote the development of affordable rental housing in Latvia. This initiative will be supported by the EIB’s Advisory … Read the full press release →

Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Luxembourg, Management, News, Real Estate

Tagged affordable housing, Arvils Aseradens, EIB, Latvia, partnership, sustainability, Thomas Östros

EBRD Board of Directors to Engage with Estonia and Latvia on Investment Projects

Posted on 13, September 2024 by EuropaWire PR Editor

(IN BRIEF) The EBRD Board of Directors will visit Estonia from 15-17 September and Latvia from 17-20 September 2024 for consultations with senior government officials, business leaders, and international partners. The delegation will review EBRD-funded public and private projects, with … Read the full press release →

Posted in Banks, Business, Economy, Environment, Estonia, Financial, Industrial, Investment, Latvia, Management, News, Technology, United Kingdom

Tagged Arvils Aseradens, EBRD, Estonia, investment, Latvia, Madis Muller, partnership, sustainability

EIF Commits €40 Million to Boost Sustainable Agriculture in Europe

Posted on 12, April 2024 by EuropaWire PR Editor

(IN BRIEF) The European Investment Fund (EIF) is allocating €40 million to support the European Agri Transition Fund, aimed at fostering a fairer, healthier, and more sustainable food system in Europe. Managed by INOKS Capital, the fund targets SMEs and … Read the full press release →

Posted in Agriculture, Banks, Business, Economy, Environment, Financial, Food & Beverage, Government, Industrial, Investment, Luxembourg, Management, News, Small Business, Technology

Tagged agriculture, Bulgaria, CROATIA, EIF, Europe, Greece, Hungary, INOKS Capital, Italy, Latvia, Lithuania, Marjut Falkstedt, Nabil Marc Abdul-Massih, Paolo Gentiloni, partnership, Poland, Romania, Slovakia, Slovenia, SMEs, Spain, sustainability, Switzerland, The Czech Republic

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

Posted on 14, March 2024 by EuropaWire PR Editor

(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 →

Posted in Agriculture, Banks, Bulgaria, Business, Economy, Environment, Financial, Government, Industrial, Investment, Latvia, Lithuania, Luxembourg, Management, News, Poland, Portugal, Small Business

Tagged agriculture, Bulgaria, EIF, Europe, HeavyFinance, Laimonas Noreika, Latvia, Lithuania, Marjut Falkstedt, Paolo Gentiloni, partnership, Poland, PORTUGAL, sustainability

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

Posted on 2, February 2024 by EuropaWire PR Editor

(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 →

Posted in Banks, Business, Environment, Estonia, Financial, Government, Industrial, Investment, Latvia, Lithuania, Management, News, Technology, United Kingdom

Tagged Anne Fossemalle, Baltic Venture Capital Fund, EBRD, Estonia, INNOVATION, investment, Latvia, Lithuania, partnership, Practica Capital, sustainability, Tomas Andriuškevičius

NIB Becomes InvestEU Implementing Partner for Norway and Iceland, Expanding Lending Capacity

Posted on 25, January 2024 by EuropaWire PR Editor

(IN BRIEF) In a significant development, the European Commission has signed an amendment to the InvestEU guarantee with the Nordic Investment Bank (NIB), making NIB the implementing partner for Norway and Iceland. This expansion broadens NIB’s lending capacity under the … Read the full press release →

Posted in Banks, Business, European Union, Financial, Finland, Iceland, Industrial, Investment, Management, News, Norway

Tagged André Küüsvek, Denmark, Estonia, Finland, Iceland, InvestEU, Latvia, Lending Capacity, Lithuania, NIB, Norway, partnership, Poland, sustainability, Sweden

Tag Archives: Latvia

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

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

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

IKEA Partners with EFI and Preferred by Nature to Innovate Climate-Smart Forest Management Practices

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

Nordex Group Q1 Performance Surges to 2.2 GW with Increased ASP and Strong Orders from Türkiye, Germany, and Finland as 337 Turbines Are Booked Across 10 Countries

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

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

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

EIF Commits €15 Million to Merito Partners’ Fund to Boost SME Growth in the Baltic Region

EIB and Latvian Government Unite to Boost Affordable Housing Development Amidst Growing Shortage

EBRD Board of Directors to Engage with Estonia and Latvia on Investment Projects

EIF Commits €40 Million to Boost Sustainable Agriculture in Europe

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

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

NIB Becomes InvestEU Implementing Partner for Norway and Iceland, Expanding Lending Capacity

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Tag Archives: Latvia

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