Events, data and analysis from the Baltic economies
Editorial archive
Latvia-headquartered Eleving Group has priced a new €200 million senior secured bond issue at par with a fixed 9% annual coupon, with investor demand close to 1.5 times the amount offered. The size of the transaction is substantial,…
Latvijas Banka has granted Atrya Technologies SIA a licence to provide crypto-asset services under the EU’s Markets in Crypto-Assets Regulation, or MiCA. The licence allows the Riga-registered company to provide custody and administration of crypto-assets for clients and…
Latvia has allocated €3.2 million in public funding this year for measures promoting investment and exports. Meanwhile, MiTek Industries, part of Warren Buffett’s Berkshire Hathaway group, says its new Latvian company has spent four months trying to obtain…
PhotoLatvia is tightening controls on grain shipments from Russia and Belarus just as the Baltic route is becoming increasingly important for Russian exports. The Saeima has introduced border controls allowing grain and animal-feed cargoes from third countries to…
Latvia has declared a nationwide agricultural emergency after prolonged rainfall disrupted harvesting and autumn field work. The immediate problem is not only the crop still remaining in fields. Wet soils are preventing machinery from operating in some areas…
Fitch Ratings has downgraded airBaltic’s Long-Term Issuer Default Rating to D, following the Latvian airline’s decision to enter Chapter 11 financial reorganisation in the United States. In Fitch’s methodology, a D rating applies to an issuer that has…
Latvia’s government has approved a 71-measure plan aimed at tightening immigration controls, including future quotas for third-country nationals, restrictions on foreign students and changes affecting foreign workers and residence permits. One of the main measures is to establish…
Latvia is preparing its road transport legislation for the full implementation of the EU electronic Freight Transport Information system, or eFTI, from 9 July 2027. From that date, authorities across the EU will be required to accept regulatory…
Latvia has significantly eased access to its support programme for research-based startups, increasing public co-financing from 50% to 80% and widening eligibility to technologies that have reached TRL 8. The revised rules also allow Latvian branches of foreign…
Beekeepers in both Latvia and Estonia are reporting a good honey season in 2026 after a much weaker harvest last year. In Latvia, the Beekeepers’ Association describes this year as successful and estimates that the country is capable…
Latvia has decided to procure Czech-made 155 mm Morana self-propelled artillery systems from Excalibur Army, replacing an earlier plan to acquire Swedish Archer systems. The government had previously backed the purchase of 18 Archer howitzers, but the Defence…