Events, data and analysis from the Baltic economies
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Events, figures and analysis from Latvia.
Retail wood pellet prices in Latvia have risen sharply, driven by supply constraints, production costs and demand from export markets, according to an assessment by the Competition Council. Between October…
A Lithuanian-owned wind park near Liepāja has been ordered to stop its turbines after 18 protected bats were found dead around the site within two weeks — twice the threshold…
More than half of Latvian households have at least one pet, with cats nearly twice as common as dogs, according to January 2026 survey data from SKDS and the Worldwide…
Lithuanian investment fund Capitalica Baltic Real Estate Fund I has reported investor subscriptions of €2.015 million in the third tranche of its bond offering, attracting 141 investors. Nasdaq Baltic has…
Finnish fast-food chain Hesburger has opened a new drive-through restaurant at Satekles iela 3 in central Riga, investing more than €2.1 million in the new building and creating 20 jobs.…
Latvia’s NorSAF and UK clean-technology company Nova Pangaea Technologies have signed a memorandum of understanding to develop an advanced ethanol production plant in Latvia. The planned plant would use locally…
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…
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…
Estonian real estate investment and development company Capital Mill has acquired three shopping centres in Riga, expanding its portfolio in the Latvian capital.The acquisition includes Dole and shopping centres at…
Latvia 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…
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…
Foreign capital registered in the share capital of Latvian companies has increased by €1.05 billion since the beginning of 2026, reaching €13.58 billion. But the headline number should not be…
Latvian cosmetics producer Madara Cosmetics is concentrating investment on Europe after an attempt to expand through US e-commerce proved too expensive. The US experiment in 2025 cost several hundred thousand…
Latvian defence technology company ORIGIN and US-based Anduril have signed a memorandum to explore integrating ORIGIN’s BLAZE autonomous interceptor drone with Anduril’s Lattice command-and-control platform. The companies plan to conduct…
Estonian renewable-energy developer Sunly has opened a 54 MW solar park near Matīši in northern Latvia, the first operating part of a larger hybrid energy project combining solar, wind generation…
The Latvian airline has received €140 million in emergency funding, but its Chapter 11 restructuring is opening a dispute over the value of aircraft collateral, creditors’ repayment rights and the future of state ownership.
PhotoAmber Latvijas balzams, the historic producer of Riga Black Balsam, is facing possible bankruptcy after creditors rejected its restructuring plan and Latvia’s tax authority froze its bank accounts again. The future of one of the country’s largest spirits…
PhotoIn 2025, almost everything in Latvia was shrinking: the population, births, remigration, immigration and even the number of deaths. Yet employers and universities continued to draw thousands of people from abroad. Their numbers are far too small to…
PhotoLatvia 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…
PhotoTThis week airBaltic’s Chapter 11 reaches its next important checkpoint. Objections to the final DIP financing order are due on October 2, ahead of the final hearing on October 9 in the U.S. Bankruptcy Court for the Southern…
PhotoairBaltic has entered a US court-supervised Chapter 11 restructuring after months of attempts to stabilise its finances. Flights continue and the airline has commitments for €350 million of new financing. The procedure now has to answer a more…
PhotoŠkoda Group has bought 36% of L-Ekspresis
PhotoS&P Global Ratings downgraded airBaltic to SD, or Selective Default, and lowered the rating on its €380 million senior secured bonds due in 2029 to D.
PhotoA cyberattack on Latvia’s Road Traffic Safety Directorate (CSDD) has developed into a wider governance crisis after authorities disclosed the scale of the breach and shortcomings in the institution’s cybersecurity arrangements. Data affecting 1.2 million individuals and around…
PhotoRescuing the airline could reward late bond buyers, protect Riga’s hub and preserve capacity for Lufthansa Group.
PhotoLatvia paid €168.1 million from the state budget to NGOs in 2025. The funding went to 1,940 organisations — about 7% of the country’s 27,884 registered associations and foundations. The figures are at the centre of a sharp…
Photo13,000–15,000 vehicles cross Latvia’s Pāternieki border checkpoint in an average month.
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