LIAA Organizes a Trade Mission for Latvian Businesses to Sweden
The Investment and Development Agency of Latvia (LIAA) is organizing a trade mission for Latvian businesses to Sweden on May 11, 2026, led by Minister of Economics Viktors Valainis. Representatives from 76 Latvian companies have confirmed their participation in the visit, demonstrating strong interest in expanding cooperation in one of Latvia’s most important export and investment markets.
The central event of the trade mission will be the Latvia–Sweden Business Forum in Stockholm, which will be attended by representatives of the governments, business communities, and investment sectors of both countries. On the Swedish side, Sweden’s Minister for Foreign Trade Benjamin Dousa and the head of Business Sweden, the Swedish international trade promotion organization, Jan Larsson , underscoring the event’s high significance and political and economic weight.
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Originally published on 6 May
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The Government approved the proposal of the Ministry of Energy to temporarily suspend the current tender for the development and operation of the offshore wind farm. According to the decision, the tendering procedures will be resumed on 6 October 2025, and the submission of tenders will continue until 7 October 2025, inclusive.
The temporary suspension of the tender is necessary to ensure successful results. The decision was made taking into account the fact that the tender took place during the summer period, when market participants are objectively less active. Political processes taking place during the summer also influenced investors’ decisions to participate in the tender and invest in Lithuania. The Ministry of Energy received indications from potential participants that the current deadline for submitting documents was too short to properly prepare for participation in the tender, including detailed financial, technical, and legal assessments.
These changes will create more favourable conditions for greater involvement of market participants. The aim is to ensure that offshore wind farm projects are implemented at competitive prices by creating attractive tender conditions for investors and ensuring maximum competition. The decision creates preconditions for the implementation of the goal to develop two offshore wind farms with a total capacity of 1.4 GW, specified in the National Energy Independence Strategy.
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Originally published on 5 Sep
Stena Line continues its commitment to trade growth and resilience in the Baltic Sea. The ferry company will acquire all shares in the port operator Terrabalt in Liepaja, Latvia.
By acquiring the Latvian company Terrabalt, Stena Line takes over the operation of the RoRo, bulk and general cargo terminal in Liepaja, Latvia’s third-largest port. The Liepaja port is managed within the framework of the Liepāja Special Economic Zone (SEZ), a free trade zone established in 1997 that includes the port, industrial area, and airport. Stena Line currently operates the Liepaja–Travemünde route with two vessels.
“Our investment in Liepaja means that we continue to be a long-term partner to Latvia and contribute to the further development of the country’s competitiveness and growth. We believe in a prosperous future for the Baltic Sea region, where investments in infrastructure and increased cooperation between the countries are key to strengthening trade and resilience throughout the region,” says Niclas Mårtensson, CEO of Stena Line.
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Originally published on 9 Sep
Gasgrid Finland has published its first hydrogen information package. It aims to meet the market’s information needs on the development of the Finnish hydrogen network and the principles of access and operation. The information package contains, among other things, Gasgrid’s current view on the development of the market, the principles of grid access and the market model for hydrogen pipeline transmission. It also facilitates the collection of feedback from market participants on market needs for network operation and market rules and supports market dialogue from the early stages of market formation.
As we are creating a whole new infrastructure, ecosystem and industry, and a lot is happening in the industry at the same time, Gasgrid considers an active market dialogue and participatory process to be very valuable. Through the Hydrogen Information Packages, Gasgrid can share information with market participants on the development of the Finnish hydrogen network and the wider European market,” says Sara Kärki, Director of Hydrogen Development at Gasgrid.
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Originally published on 5 Sep
Starting from 9 September 2025, trading on the Baltic and Finnish gas markets will shift from the GET Baltic platform to the European Energy Exchange (EEX).
The change will enable Estonian market participants to strengthen their connection with the Baltic and Finnish markets and gain access to European markets, including the possibility to trade with Contract for Difference (CfD) between these markets. For consumers, this means that gas prices in Estonia will follow European price trends more closely. With the help of CfD, gas sellers will be able to better hedge their risks, which should reduce sales margins.
“As a result of successful cooperation between the gas exchanges EEX and GET Baltic, as well as between Elering and other Baltic/Finnish transmission system operators, we will continue offering implicit capacity allocation, which ensures greater liquidity and better price convergence between the Finnish-Baltic gas market areas,” said Airi Noor, Head of Market Development at Elering.
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Originally published on 8 Sep
Insta has launched Insta DomainLink Secret™, a high-performance cross-domain solution (CDS) for secure, real-time data exchange between different networks and systems. Modern technological solution enables real-time, secure bi-directional data transfer between military domains, such as land, maritime, and air, and security clearance between different classification levels across the chain of command.
Developed in collaboration with Lockheed Martin for the exchange of data in complex military network environments, its advanced operational security and cybersecurity capabilities help safeguard data against threats. The system also enables improved situational awareness and faster tactical decision-making across military domains.
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Originally published on 8 Sep
Today, as part of the second year of the NATO DIANA innovation accelerator, the companies selected for the programme’s next phase were announced. A total of 2613 companies applied to join the second cohort of NATO DIANA, of which 73 were chosen for the first phase – including two Estonian startups. Each team selected for phase two will receive up to €300 000 from NATO DIANA, in addition to the €100 000 grant funding awarded in the first phase.
Seven companies took part in the programme at the NATO DIANA Estonian accelerator, including two Estonian firms – Wayren and Telearmy. Now, as only 15 companies from across the alliance move forward to the second phase, three of them are teams accelerated their growth in Estonia’s accelerator, including both Estonian startups. Alongside the United States, Canada and the United Kingdom, Estonia is one of the only countries represented by two or more firms, giving Estonia one of the strongest showings among NATO nations in the second phase.
“I am very pleased to see Estonia’s contribution to NATO DIANA stand out so strongly. The fact that three teams accelerated here – including two of our own defence industry companies – have advanced to the next stage shows how quickly Estonian entrepreneurs can adapt, act and seize opportunities. The same applies to our Defence Forces, who have been on board with testing new solutions. I dare say that Digital Nation 2.0 will gain momentum thanks to the successes of our defence industry,” said Hanno Pevkur, Minister of Defence.
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Originally published on 4 Sep
Since July, when the Latvian Investment and Development Agency (LIAA) began implementing the second round of the digitalization support program, the total funding of which is 18.5 million euros, 5.4 million euros have been reserved and entrepreneurs will be able to apply for the program until the support funds are available.
“Digitalization and the implementation of artificial intelligence solutions are one of the ways to increase the competitiveness of the Latvian economy, therefore it is a special pleasure that the majority, or 4.28 million euros, of the currently reserved funds in this program are intended specifically for projects in the field of artificial intelligence. We will most likely accept applications in this program at least until the end of this year,” emphasizes LIAA Director Ieva Jāgere.
A total of 285 applications have been received in the program so far, including 66 for the implementation of artificial intelligence solutions.
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Originally published on 5 Sep
This year, at one of the world’s largest and most significant defence and security industry exhibitions, DSEI, Latvia will be represented with its largest-ever delegation of participants, with drone manufacturers especially to the fore. The Latvian business delegation will showcase aerial, ground, surface, and underwater drones, as well as anti-drone systems, while the Latvian company VicTec will stage water drone demonstration shows on the River Thames during the exhibition.
Also on display at the Latvian delegation’s stand will be a range of products essential to the defence and security sector, including tactical clothing, optical and training equipment, chemical, logistics and pyrotechnic solutions, and metalworking products.
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Originally published on 5 Sep
This year marks the sixth time the Metsä360 Award has been presented. The prize is given in recognition of an innovation, solution, or action that increases the added value of forests.
“New bio-based, sustainable solutions can open up new markets for Finland and improve the country’s economic growth. The importance of innovations is highlighted especially in the achievement of sustainability and climate targets,” says Esko Kolli, spokesperson for the Marjatta and Eino Kolli Foundation.
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Originally published on 5 Sep
CINEA has signed a grant agreement worth €645.2 million under the CEF Energy programme to support the Danish side of the Bornholm Energy Island (BEI) Hybrid Offshore Interconnector – one of Europe’s most ambitious and strategic energy infrastructure projects.
The grant signature ceremony took place on 4 September 2025 in Copenhagen, during the Informal meeting of energy ministers, marking a significant step towards a more resilient, interconnected, and sustainable European energy system.
Connecting offshore wind to millions of consumers
Led by Energinet (Denmark) and 50Hertz (Germany), this innovative and visionary project will connect multiple wind farms together via a single offshore energy hub on the Danish island of Bornholm in the Baltic Sea. From there, 3 GW of offshore green electricity will be brought onshore and distributed through Denmark and Germany, helping to power millions of homes and businesses with clean electricity.
To make this possible, CEF Energy is funding the construction of two new converter stations (one on Bornholm and one in Zealand), and the installation of an extensive submarine cable system of around 200 kilometres, complemented by a 17-kilometre onshore connection, between Zealand and Bornholm. This infrastructure will serve as a crucial bridge between offshore generation and consumers, enabling electricity to flow flexibly where it is needed most. This innovative setup supports energy security, price stability, and the integration of renewable energy on a much larger scale than before.
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Originally published on 4 Sep