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 joint Danish-German Bornholm Energy Island project is moving from the planning and development stage to the implementation stage. The two transmission system operators Energinet (Denmark) and 50Hertz (Germany) placed a joint order with Siemens Energy for the construction and turnkey delivery of four converter systems in total as well as other technical components on the Danish island Bornholm and the Danish island Zealand as well as on the German mainland. This marks the end of a six-month transition phase during which the joint project had to be paused due to the need for political regulation between the two countries involved.
The contract that is now concluded between Energinet, 50Hertz and Siemens Energy covers the design, the completion, transport, installation, testing as well as commissioning of the systems by the mid-2030s.
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Originally published on 4 Sep
Energinet, the Danish transmission system operator (TSO), has selected NKT to provide the 525 kV high-voltage direct current (HVDC) on- and offshore power cable systems for the Danish connection to the Bornholm Energy Island. The contract has a value of around EUR 650m and comprises design, manufacturing, and installation of a power cable system comprising 200 km offshore route and 16.8 km onshore route.
– We are delighted and proud to continue the long-term collaboration with Energinet on this innovative and ambitious project strengthening the interconnection between Denmark and Germany. Bornholm Energy Island is a key project for Europe to enhance energy security and the exchange of renewable energy. With this award, we reaffirm our strong commitment to building the sustainable and secure energy infrastructure Europe needs, and demonstrate our proven high-voltage power cable capabilities, says Claes Westerlind, President and CEO at NKT.
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Originally published on 4 Sep
More than 400 house modules are currently being unloaded from Frihamnen Port in Stockholm. The modules arrived by ship directly from Malaysia and have been stored for some time in the port, which is a strategic hub for further transport to the final destinations Enköping and Nyköping.
The centrally located inner-city quays are an important complement to the Stockholm region’s major freight ports, which include Stockholm Norvik Port, Port of Nynäshamn and Port of Kapellskär. By utilizing Frihamnen for project cargo, customers benefit from increased flexibility and additional transport options.
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Originally published on 3 Sep
The Baltic Ports for Climate Conference 2025, organised by the Baltic Ports Organization and the Port of Gdynia, this year’s host will bring together leaders, experts, and innovators from across the Baltic Sea Region and Europe to address one of the maritime sector’s most urgent challenges: climate change. Taking place on 19-20 November 2025 in Gdynia, Poland, the conference will explore how ports can reduce emissions, implement sustainable strategies, and collaborate on innovative solutions that shape the future of maritime transport and supply chains.
The Baltic Ports for Climate Conference is a fairly new initiative launched in 2023, reflecting the Baltic Ports Organization’s strong commitment to active involvement in climate, environmental and sustainable development issues.
The conference will begin on the evening of 19 November with a welcome reception, providing participants with the opportunity to network and connect in an informal setting. Over the following day, participants will explore how ports can align with European climate strategies, implement effective emission reduction measures, and integrate sustainability into long-term development.
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Originally published on 3 Sep
Estonia continues to adopt AI and build new success stories powered by it. This week, Estonian voice coaching platform Vocal Image raised $3.6M in seed funding to expand its AI-powered communication training app, writes TechCrunch. The funding was led by Paris-based Educapital, with participation from Estonian Specialist VC and German Generations Fund.
The investment will fuel expansion and new language localisations beyond the app’s current English, Spanish, German, French, Ukrainian, and Russian offerings.
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Originally published on 2 Sep
The Port of Gdansk has joined the European ports operating regular, direct container connections with the United States. Thus, it strengthens its position on the map of global logistics, becoming a real alternative to the largest ports in Northern Europe.
Gdansk was included in the transatlantic rotation, strengthening the MSC network between Poland and the US. Mediterranean Shipping Company (MSC), the world’s largest shipowner, has expanded its Albatros service with direct connections from Northern Europe to New York and Charleston, offering full integration of inland waterway and logistics services.
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Originally published on 2 Sep
The Latvian airline airBaltic will begin direct scheduled flights between Riga and Oulu – the European Capital of Culture 2026 – in March 2026. The return flights will operate five days a week (Mondays, Tuesdays, Thursdays, Fridays and Saturdays) starting from 29 March until the end of October 2026.
Yrjötapio Kivisaari, CEO of Oulun Matkailu Oy, welcomes the new connection.
– We have been discussing the opening of this route in different settings for a long time. Now we finally have good news! airBaltic’s new connection strengthens the international accessibility of Oulu and the whole of Northern Finland at exactly the right time, bringing visitors to enjoy the cultural year’s offerings. Our clear goal is to establish the connection also for the coming years, Kivisaari says.
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Originally published on 2 Sep
The joint venture RB Rail AS, responsible for implementing the Rail Baltica global project, announces changes in its Management Board. Effective 1 September 2025, the Board will be composed of five members: Marko Kivila (Chairperson and Chief Executive Office), Marius Narmontas (Chief Operating Officer), Emilien Dang (Chief Technical Officer), Thierry Boussillon (Chief Programme Management Officer), and Ojārs Daugavietis, who joins as Chief Financial Officer. The Management Board provides strategic leadership and ensures the coordinated delivery of the Rail Baltica project across the three Baltic States.
According to Arenijus Jackus, Chairperson of the RB Rail’s Supervisory Board, the Rail Baltica project and the joint venture have faced notable transformation over the past two years considering external challenges and new geopolitical and economic realities. This has required adjustments to project planning, optimisation of solutions and implementation steps, optimization of the joint venture and the whole project management set-up as well as stronger risk and stakeholder management.
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Originally published on 1 Sep
Uspacy, a Tallinn, Estonia-based SaaS startup that provides a digital workspace for small and medium-sized businesses, has raised €420,000 in pre-seed funding.
The round included an investment of €250,000 from Startup Wise Guys, with contributions from several Ukrainian business angels. An additional €170,000+ was secured in the form of grants from Google for Startups, Seeds of Bravery, Glovo Startup Lab, and the Ukrainian Startup Fund, supported by UMAEF.
The investment will be used to develop the product further and expand active marketing, primarily in Ukraine and Poland. The team aims to confirm the ability to scale business in international markets and demonstrate significant foreign attraction.
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Originally published on 31 Aug
Discussions have been increasing in Lithuania about how artificial intelligence will change learning – but BBright is already doing it. The team founded just a few years ago is now helping thousands of school pupils in Lithuania to learn maths more efficiently, and the Elicėjus platform they are developing has already been recognised internationally. It has been recently selected for the Google.org-funded Grow AI Accelerator and received USD 140 000.
The idea to create a personalised learning platform came from personal experience rather than from market analysis, since both Mantas Vičius, the co-founder of the platform, and his classmates struggled with maths at school. “We didn’t know where to start – the gaps kept piling up, until eventually we didn’t know where exactly we were stuck,” he says. Having subsequently examined the national statistics, they realised that it was a systemic problem: 35% of graduates fail the maths exam and 40% fail the evaluation of basic education achievements.
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Originally published on 18 Apr