Bałtyk 2 & 3 gain momentum as offshore installation phase approaches

Offshore wind farms developed by Equinor and Polenergia – Bałtyk 2 and Bałtyk 3 – are entering the phase of direct preparations for offshore installation works. In Vlissingen, at the facilities of Smulders, the topside – the main structure of the offshore substation for Bałtyk 3 – has just been rolled out of the production hall and positioned in the outdoor yard. The structure measures 51 × 38 × 43 meters, comparable to a 15-storey building.

Nearby, the topside for Bałtyk 2 is also in place. Both substation topsides, each weighing approximately 3,700 tonnes, are currently undergoing outfitting works and will be transported offshore in line with the installation schedule.

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Originally published on 22 Apr

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“Fazer Latvija”: 18 million investment, the most modern bakery in the Baltics, and ambitions for further growth

By Invest in Latvia 10 December 2025

Fazer Latvija is part of the international “Fazer” Group, founded in 1891 in Finland. The concern specializes in the production of bread, sweets, and other cereal and plant-based products. Over the years, Fazer has expanded its operations to eight countries, including Latvia, and now exports its products to roughly 40 world markets. Fazer Latvija is one of the largest bakeries in the country: the Ogre factory supplies bread and other products not only to Latvia, but also to Estonia, Lithuania, and Finland. The group’s trust in Latvia is also evident in its large-scale investments: last year they reached 18 million euros, and additional improvements of more than one million euros are planned for next year.

The past year marked a turning point for the Fazer structural unit in Latvia. The company made a strategic decision to merge its Baltic bread factories and concentrate production in one location – the Ogre region. Until now, production had taken place both in Latvia and Kaunas, but a detailed analysis showed that modernizing and consolidating production in Latvia would deliver greater long-term benefits.

With the implementation of this plan, total investments in Latvia reached 18 million euros. These funds were used to modernize and expand the production building, install three new production and assembly lines, and build a new warehouse. Although the modernization and automation of the factory on a Baltic scale generally meant a decrease in the number of employees, Latvia was an exception – around 60 new jobs were created at the Ogre factory during the project. As a result, the total number of employees at “Fazer” bread and confectionery factories in Latvia now exceeds 300.

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Originally published on 8 Dec

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IQM Quantum Computers opens new R&D office in Oulu

By Business Oulu 10 December 2025

IQM Quantum Computers, a global leader in superconducting quantum computers, has opened a new R&D office in Oulu, the tech hub of northern Finland, as part of its efforts to develop advanced quantum chips for error-corrected quantum computers.

The move represents a strategic investment for IQM, complementing the company’s production and cleanroom facilities and assembly line in Espoo and quantum data centre in Munich, Germany.

In addition, the new office reflects IQM’s continuing commitment to building quantum ecosystems in major tech hubs and supporting research innovation and development activities.

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Originally published on 10 Dec

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Sweden: Pioneer ECAPS gets EIB financing to develop cutting-edge technologies for space and defence

By European Investment Bank 10 December 2025

The European Investment Bank (EIB) is lending Swedish aerospace company ECAPS AB €20 million to accelerate the development of high-performance rocket engines and propulsion capabilities. The financing will also support advances in dual-use technologies, which can be deployed for both civilian and defence purposes.

The support by the EIB is through its TechEU initiative and takes the form of venture debt, a type of loan designed for high-growth startups and scaleups that provides additional capital without diluting ownership. The goal is to bolster production of cutting-edge space technologies within the European Union and to enhance EU security. 

The financing will contribute to ECAPS’s €47 million plan to scale its proprietary propellant and rocket engines, which are more efficient and cost-effective than traditional technologies. They also offer higher performance and safer handling compared to traditional hazardous solutions.

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Originally published on 10 Dec

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Cruise Season at the Port of Tallinn continues through winter

By Port of Tallinn 10 December 2025

Today, on 10th of November  the Port of Tallinn welcomes the cruise ship AIDAprima, operated by the German cruise line AIDA Cruises. The ship has brought around 3,600 passengers to explore autumnal Tallinn. The cruise began in Kiel, and after today’s stop in Tallinn, the vessel will depart at midnight for Helsinki.

AIDAprima is one of AIDA Cruises’ new-generation ships. The ship can accommodate up to 4,300 passengers and about 900 crew members. It is powered by liquefied natural gas (LNG), making it one of the most environmentally friendly cruise ships sailing the Baltic Sea. Onboard, guests can enjoy a wide range of restaurants, spa and entertainment facilities, and a spacious glass-roofed promenade area designed for year-round comfort.

Local tour operator Estonian Holidays is organising traditional bus and walking tours to introduce guests to Tallinn’s medieval Old Town. Special excursions also reach Pirita, Kadriorg, and even Anija Manor outside the city. For those seeking something different, a late-night ghost tour – “Secrets and Mystery of Tallinn Old Town by Night” – offers a thrilling way to experience the city after dark.

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Originally published on 10 Dec

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CMP wins global sustainability award for cruise terminals in Copenhagen

By Copenhagen Malmö Port 9 December 2025

Copenhagen has been voted winner of the award as World’s Best Cruise Terminal for Sustainability 2025 by World Cruise Awards.

At the fifth World Cruise Awards ceremony on December 6, 2025, Copenhagen was named World’s Best Cruise Terminal for Sustainability 2025. The award is a recognition of CMP’s sustainability agenda, which focuses on several aspects including environmental, social, and economic dimensions.

Over the last years, CMP has eliminated fossil fuels from terminal equipment and reduced emissions in its own operations by 76% during 2020–2024. Since this year, all berths at Langelinie and Oceankaj feature direct connections for wastewater, removing the need for barges and tanker trucks. One of Europe’s largest shore power facilities was inaugurated in June 2025 in Copenhagen, enabling ships to eliminate emissions when at berth. This would not have been possible without the cruise lines’ ambitious commitment to investing in shore power technology and willingness to connect. CMP’s terminals at Nordre Toldbod and Langelinie are located close to the city center, limiting transport needs for guests, and the terminals at Oceankaj will be even better integrated into Copenhagen’s public transport system with the planned extension of the Metro.

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Originally published on 9 Dec

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Council of Baltic Sea States meeting

By Polish Ministry of Foreign Affairs 9 December 2025

Security topped the agenda of a discussion Deputy Prime Minister Radosław Sikorski had with the Council of the Baltic Sea States (CBSS) foreign ministers. High Representative for Foreign Affairs and Security Policy and Vice-President of the European Commission Kaja Kallas also joined the videoconference.

Held on 8 December 2025, the meeting had been arranged on the initiative of Poland as part of its current Presidency of the Council. The discussion focused on key regional security issues, including ongoing talks on putting an end to the fighting in Ukraine, as well as the work now under way in the European Union in regard to a reparations loan and the US National Security Strategy.

Poland’s top diplomat stressed that the countries in Central, Eastern, and Northern Europe must be engaged in all international talks concerning the region. In that context, the CBSS is a useful cooperation format. The participants agreed on further exchange of information and continued cooperation to support Ukraine. A fair peace is the only solution that may stabilise the situation in Europe. There was general consent that a decision on using the frozen Russian assets will be a pivotal issue in the near future.

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Originally published on 8 Dec

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Danish greentech company Watts opens software competence center in Vilnius

By Invest Lithuania 9 December 2025

Watts, a Danish greentech company specialising in smart home energy solutions, has established a new software competence center in Vilnius. Over the next three years, the company plans to hire up to 100 engineers and technology specialists to accelerate development of its smart home energy platform.  

Founded in 2016 in Køge, Denmark, Watts develops integrated renewable-energy solutions that help households track their energy consumption and make informed, data-drive decisions to reduce their environmental impact as well as manage costs more efficiently.  

Today, more than 700,000 Danish households use Watts’ energy app (WattsOn), smart devices, and its intelligent Homegrid™ system to monitor consumption, understand usage patterns, and optimize their daily energy choices. 

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Originally published on 8 Dec

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JENSEN-GROUP strengthens its North American presence with the acquisition of G.A. Braun

By Jensen 9 December 2025

JENSEN North America, a subsidiary of the JENSEN-GROUP, is pleased to announce the acquisition of the business of G.A. Braun. This strategic move marks a significant milestone in the growth strategy of the JENSEN-GROUP, expanding its manufacturing footprint, product portfolio, and service network across North America.

Founded in Syracuse, New York, G.A. Braun is a respected supplier with a well-established brand in the laundry equipment market in North America. The acquisition reflects JENSEN-GROUP’s strong commitment to the North American market and its long-term strategy to strengthen local operations and manufacturing capabilities.

With this acquisition, JENSEN gains access to Braun’s state-of-the-art production facility with a strong reputation and a loyal customer base. Both brands will continue to co-exist, building on their respective legacy and customer relationships. This approach allows both JENSEN and Braun to preserve what makes each brand unique, while joining forces to deliver even greater value, innovation, and support to customers across North America.

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AI Accelerator helps nine startups strengthen business models and attract investment

By Tehnopol 8 December 2025

A new batch has started their journey in the Tehnopol AI Accelerator – nine startups with a shared goal: to develop AI-based products and services that increase their competitiveness and provide real added value to society.

The accelerator program supports companies with a dedicated training series focused on the practical aspects of implementing artificial intelligence. In addition, teams work with mentors and experts who assist them in both technical development and business model refinement. The program concludes with a demo day, where teams can present their solutions to experts and potential follow-on investors.

The three teams with the greatest business potential will receive a development grant of €10,000.

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Originally published on 8 Dec

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Port of Helsinki’s first standardised sustainability report published 

By Port of Helsinki 6 December 2025

Port of Helsinki Ltd published its first sustainability report based on the VSME-standard on December 4, 2025. The comprahensive voluntary report covers Port of Helsinki Lts’s operations in 2024. Standardised reporting improves the comparability of the operations of participating companies.

“We have long had ambitious sustainability commitments and targets in place, for example regarding carbon emissions, and have reported on them annually in accordance with our own practices. However, we are now adopting a new way of presenting existing information in accordance with the VSME standard,” says Head of Sustainability & HSEQ Andreas Slotte from the Port of Helsinki.

The Port of Helsinki’s operations are under pressure due to the growing expectations of owners, customers and e.g. ship passengers regarding responsible and sustainable operation. At the same time, legal requirements are also becoming stricter.

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Originally published on 4 Dec

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