(IN BRIEF) ORLEN has joined 13 energy companies and organisations from nine Northern and Central European countries to establish the Baltic Energy Initiative, a platform for cooperation on energy security, competitiveness and cross-border energy transition projects. The 14 partners will … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Estonia, European Union, Finland, Germany, Industrial, Infrastructure & Utilities, Investment, Latvia, Lithuania, Norway, Poland, Security & Safety, Sweden, Technology
Tagged Adven, Baltic Energy Initiative, Baltic Energy Initiative Unites ORLEN and 13 Partners on Strategic Energy Projects, Baltic Sea region, bioLNG, carbon capture and storage, carbon storage, carbon transport, CCS, central Europe, Critical Infrastructure Protection, cross-border energy projects, Cybersecurity, Denmark, DNV Energy Systems, Eesti Energia, emergency preparedness, Enefit, energy competitiveness, energy infrastructure, energy infrastructure investment, energy security, energy transition, Estonia, European institutions, European Union funding, Finland, Fortum, Gasgrid Finland, Germany, hybrid threats, hydrogen, infrastructure resilience, international funding, investment mechanisms, Ireneusz Fąfara, KN Energies, Latvenergo, Latvia, liquefied natural gas, Lithuania, LNG, northern Europe, Norway, nuclear power, Offshore wind, ORLEN, ORLEN Helps Launch Baltic Energy Initiative Across Nine European Countries, ORLEN Strengthens Regional Energy Cooperation Through New Baltic Alliance, P2X Solutions, physical threats, Poland, regional cooperation, regional hydrogen market, regulatory cooperation, renewable energy, Siemens Energy, Small Modular Reactors, SMRs, Steady Energy, support mechanisms, Sweden, Topsoe, Ørsted
(IN BRIEF) Nordic Investment Bank (NIB) has priced a USD 1.0 billion no-grow three-year global benchmark bond, its second USD benchmark transaction of 2026, at SOFR mid-swaps +22 basis points, equivalent to a US Treasury spread of +3.8 basis points. … Read the full press release
Posted in Banks, Denmark, Economy, Estonia, Financial, Finland, Iceland, Investment, Latvia, Lithuania, Norway, Sweden
Tagged 26 August 2026, 27 August 2026, AAA rating, Alexander Ruf, Angela Brusas, annual funding strategy, Asif Sherani, asset managers, banks, basis points, central bank policy uncertainty, central banks, coupon, CT spread, Daiwa, Daiwa Capital Markets, Denmark, Deutsche Bank, environmental benefit, Estonia, EUR 8.5 billion to EUR 9.5 billion, Finland, funding programme, funding target, geopolitical developments, global benchmark bond, Helsinki, HSBC, Iceland, Investor Demand, issue price, issue yield, James Taunton, Jenny-Lale Petersen, Jens Hellerup, Jez Walsh, joint bookrunners, joint lead managers, Latvia, Lithuania, maturity date, Moody’s, NIB, NIB Draws Global Investor Demand for Three-Year Benchmark Bond, NIB Strengthens USD Market Presence With New Three-Year Benchmark, no-grow transaction, Nordic Investment Bank, Nordic-Baltic region, Norway, official institutions, orderbook, private placements, productivity, RBC Capital Markets, Riga, S&P Global Ratings, SEC-registered bond, senior unsecured bond, settlement date, smaller currency markets, SOFR mid-swaps, SSA market, stable outlook, Sweden, three-year benchmark bond, US Treasury spread, USD 1 billion issue, USD 1 Billion Transaction Supports NIB’s 2026 Funding Programme, USD benchmark bond
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has appointed Ahmad El Mokadem as Associate Director, Head of the Baltic States, effective 1 September 2026, with responsibility for the Bank’s operations in Estonia, Latvia and Lithuania from Vilnius. … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Estonia, Financial, Infrastructure & Utilities, Investment, Latvia, Lithuania, United Kingdom
Tagged 1 September 2026, 25 August 2026, Ahmad El Mokadem, Ahmad El Mokadem Takes Baltic States Leadership Role at EBRD, Andreea Moraru, Associate Director, Baltic investments, Baltic States, banking expertise, capital market development, Central Europe and the Baltic States, competitiveness, EBRD, EBRD Names New Head for Baltic States Operations, EBRD Strengthens Baltic Leadership With Appointment of Ahmad El Mokadem, Energy Europe team, energy sector, energy security, energy transition, Estonia, European Bank for Reconstruction and Development, European markets, global markets, greener economies, Head of the Baltic States, Head of the Caucasus, infrastructure resilience, infrastructure transactions, innovation-driven sectors, institutional investor, Latvia, Lithuania, Nigina Mirbabaeva, private sector development, Regional integration, renewable energy, resilient economies, Tomas Kairys, Vilnius, €1.3 billion Estonia investment, €1.3 billion Latvia investment, €2.1 billion Lithuania investment
(IN BRIEF) The Nordic Investment Bank is providing a €15 million loan to Rīgas satiksme to support the electrification and modernisation of Rīga’s trolleybus network. The financing will help extend the city’s overhead power network, allowing more trolleybus routes to … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Latvia, Transportation & Logistics
Tagged 40 million passenger trips, auxiliary diesel engines, buses, catenary infrastructure, clean transport, diesel engine reduction, Electric Public Transport, electrification, feeders, Jānis Naglis, Kaspars Piladzis, Latvia, municipal transport company, network reliability, NIB, NIB Supports Cleaner Public Transport in Rīga With €15 Million Loan, Nordic Investment Bank, overhead power network, paid parking, power lines, power supply systems, public transport, Riga, Rīga to Expand Electric Trolleybus Operations With Nordic Investment Bank Financing, Rīgas satiksme, service delays, sustainable transport, switchgear, traction substations, trams, trolleybus network, trolleybuses, urban mobility, voltage drops, €15 million loan, €20 million investment
(IN BRIEF) The European Investment Bank has committed €20 million to green bonds issued by Latvenergo, Latvia’s state-owned energy company, supporting the company’s latest bond issuance under its European Green Bond framework. The financing will help fund renewable energy and … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Infrastructure & Utilities, Investment, Latvia, Luxembourg
Tagged anchor investor, Baltic energy system, Baltics, battery energy storage systems, capital markets, clean energy transition, climate neutrality, EIB, EIB Anchor Investment in Latvenergo Green Bonds Strengthens Baltic Green Finance and Energy Transition, electricity supply, energy security, Euro Medium Term Note Programme, European Green Bond framework, European Green Bond Standard, European Investment Bank, European Union climate bank, fossil fuel reduction, Green Bonds, green finance, Guntars Baļčūns, hydropower refurbishment, Karl Nehammer, Latvenergo, Latvenergo AS, Latvia, Latvia’s Clean Energy Development Receives EIB Support Through New Latvenergo Green Bond Investment, onshore wind, private capital mobilisation, renewable energy, solar photovoltaic installations, state-owned energy company, sustainable financing, sustainable infrastructure, €20 million investment, €300 million bond
(IN BRIEF) voestalpine Railway Systems has received its largest single order to date, securing framework contracts worth approximately EUR 470 million for the Rail Baltica high-speed railway project. The contracts cover the supply of up to 1,000 high-speed and standard … Read the full press release
Posted in Austria, Construction, Electronics & Machinery, Estonia, European Union, Industrial, Infrastructure & Utilities, Latvia, Lithuania, Management, Metals and Minerals, News, Poland, Technology, Transportation & Logistics
Tagged 000 Turnouts and Advanced Monitoring Technology, Baltic States, central Europe, Diagnostic Tools, digital monitoring systems, electrified rail line, Estonia, EULYNX, EUR 470 million order, European standard-gauge rail network, Finland, Franz Kainersdorfer, Helsinki, Herbert Eibensteiner, high-speed railway, high-speed turnouts, intelligent turnouts, Latvia, Lithuania, Metal Engineering Division, northern Europe, Poland, Rail Baltica, Rail Baltica Selects voestalpine Railway Systems for Up to 1, rail digitalisation, railway infrastructure, railway maintenance, railway safety, railway system solutions, real-time data, sensor technology, signalling technology, standard turnouts, track systems, trans-European rail network, turnout systems, voestalpine AG, voestalpine Railway Systems, voestalpine Railway Systems to Supply High-Tech Turnouts and Digital Monitoring for European Rail Baltica Corridor, voestalpine Strengthens Global Rail Infrastructure Position with Major EUR 470 Million Rail Baltica Contract, voestalpine Wins Largest Single Order to Date for Rail Baltica High-Speed Railway Infrastructure Project, Warsaw
(IN BRIEF) CapMan Infra has agreed to acquire Hansabuss from Hansa Group through the CapMan Nordic Infrastructure II fund, marking a new phase for the largest privately owned bus operator serving public routes in the Baltics. Hansabuss, founded in 1995, … Read the full press release
Posted in Environment, Estonia, European Union, Finland, Government, Infrastructure & Utilities, Investment, Latvia, Norway, Technology, Transportation & Logistics
Tagged Baltic transport market, bus operator, CapMan Infra, CapMan Infra Expands Northern European Infrastructure Strategy with Investment in Baltic Bus Operator Hansabuss, CapMan Infra to Support Hansabuss’ Market Development and Green Fleet Investments in the Baltic Region, CapMan Nordic Infrastructure II, charter services, corporate transport, Eero Hautaniemi, electric buses, Estonia, fleet investment, green transition, Hansa Group, Hansa Grupp, Hansabuss, Indrek Halliste, infrastructure investment, Koiviston Auto, Latvia, low-emission fleets, market liberalisation, merger control clearance, Neeme Tammis, Norled, northern Europe, operational development, private transportation company, public bus routes, public sector clients, public transportation, regular transportation, tendering, transport infrastructure
(IN BRIEF) European Bank for Reconstruction and Development has appointed Andreea Moraru as Managing Director for Central Europe and the Baltic States, effective from 1 June 2026. Based in Warsaw, she will oversee the Bank’s activities across eight countries in … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Management, Marketing, United Kingdom
Tagged Andreea Moraru, Baltic States, central Europe, Charlotte Ruhe, CROATIA, Cyprus, development finance, EBRD, economic resilience, ENEF, energy security, Estonia, European Bank for Reconstruction and Development, Greece, green transition, Hungary, international finance, Investment Banking, Latvia, Lithuania, Poland, policy reform, private sector competitiveness, Slovakia, Slovenia, sustainable growth, Warsaw
(IN BRIEF) The European Investment Bank Group has approved €10 billion in new financing to support a wide range of strategic initiatives, with a strong focus on accelerating Europe’s clean energy transition and strengthening economic competitiveness. Nearly €2 billion of … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, Marketing, Technology
Tagged Austria, Belgium, Benin, Bulgaria, clean energy, competitiveness, EIB, EIB Group Approves €10 Billion Financing Package to Accelerate Clean Energy Transition and Economic Growth Across Europe, EIF, energy transition, European Investment Bank Group, European Investment Fund, European Union, Germany, Global Gateway, infrastructure, investment, Italy, Latvia, Nadia Calviño, Netherlands, renewable energy, Romania, Spain, sub-Saharan Africa
(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) 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) 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) 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) The Nordex Group has sold more than 40 gigawatts of its Delta4000 platform turbines globally, representing 50% of its total sold fleet in just eight years since the series was introduced. The Delta4000 has become the foundation of … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Technology
Tagged 40 GW sales milestone, 7.0 MW turbine, Delta4000 platform, Finland, Germany, global wind markets, Greece, half of total sold fleet in just eight years, hybrid tower technology, Italy, Latvia, N149/4.X, N175/6.X, Nordex achieves 40 GW milestone with Delta4000 platform, Nordex celebrates major sales milestone with Delta4000 turbines driving global renewable energy growth, Nordex Group, onshore turbines, optimized sound profile, PORTUGAL, renewable energy, sustainability, wind power
(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) 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) 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) 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
(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) 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
(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
(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) 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
(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
(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
(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
(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
(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
(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
(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
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