New industrial development area and railway infrastructure available for investment in Valmiera – Valmiera Industrial Park is completed
Construction has been completed at Valmiera Industrial Park, which is an infrastructure of national importance – a railway siding and internal railway, a cargo loading/unloading (logistics) site, and an industrial electricity connection have been put into operation. The rest of the infrastructure intended for exporting manufacturing companies operating in smart specialization (RIS3) sectors, creating products with high added value, has also been completed. The newly built railway infrastructure will strengthen the role of Valmiera region in the European transport network, consolidating its position as an important connection point between regions and the Baltic States.
Valmiera Industrial Park, operating as Latvia’s first domestic multimodal logistics center, will promote economic growth and export capacity in Vidzeme. This will be a significant stage of development and change in the transport and storage sector, as companies in Vidzeme and South Estonia will be able to optimize their supply chains while reducing transport costs and emissions, as well as the load on roads. The potential of the new and competitive railway infrastructure and the extensive concrete logistics area has also been dubbed Latvia’s first “dry port” (i.e., inland intermodal terminals directly connected to seaports by road or rail).
“Targeted investment in business development is always necessary to promote growth and maintain competitiveness. The development of the Valmiera Industrial Park has been purposefully planned since 2014, implementing this idea gradually and thoughtfully to ensure maximum return on invested resources in the long term. It is planned that at least three export-oriented companies will start operating in the area to be developed under the project, creating new jobs and making significant investments in business. These are historically the largest investments in the development of the Valmiera region, which will make a significant contribution to both the region’s economy and the well-being of its residents. At the same time, in parallel with the development of business infrastructure in the municipality, we continue to invest in affordable housing and competitive education to ensure a timely supply of qualified specialists to the labor market,” says Jānis Baiks, Chairman of the Valmiera Municipality Council.
Read full announcement (external link)
Originally published on 17 Dec
Announcements are published as a service to readers. The sender is responsible for all content. Announcements for publication can be submitted to announcements@thehanseatic.com.
Marine Alutech’s order book is growing strongly. At the same time, we ensure and prepare for future project requirements.
The current projects employ more than 200 people at the main location in Teijo, in addition to our staff in Hanko, Turku and Germany. New hall spaces are now under construction, and more employees will come in 2026.
Read full announcement (external link)
Originally published on 23 Mar
The Latvian national airline airBaltic is starting its new direct route connecting Riga with Oulu, starting March 29. The new service will operate five times per week, further strengthening connectivity between Latvia and Finland, and giving Oulu a new contact point to international connections.
airBaltic will fly the new route from Oulu to Riga on Mondays, Tuesdays, Thursdays, Fridays, and Saturdays, departing from Oulu at 5:00 a.m. and arriving in Riga at 6:30 a.m. Flights from Riga to Oulu will operate on Mondays, Wednesdays, Thursdays, Fridays, and Sundays at 11:20 p.m., arriving in Oulu at 1:30 a.m.
Read full announcement (external link)
Originally published on 20 Mar
South Korean defence industry company Hanwha Aerospace, which cooperates with several Estonian defence industry companies, officially joined the Estonian Defence and Aerospace Industry Association this week.
Hanwha Aerospace is one of the leading defence and aerospace manufacturers, with a broad portfolio spanning artillery systems, aircraft engines, armoured vehicles, and space technology. Their growing presence in the European defence market makes them a valuable addition to our network.
Read full announcement (external link)
Originally published on 19 Mar
Tilde has been selected to develop the project “AI Assistant for Data Discovery on the EO Baltic Platform.” The activity is financed by the European Space Agency and will be implemented by Tilde as the Prime Contractor in close cooperation with Baltic Satellite Service (BSS) as the subcontractor.
Tilde brings proven experience in building AI assistants for the space and Earth Observation sector. This new project builds on that experience and further strengthens the company’s role in applying language AI to complex scientific and geospatial systems.
Read full announcement (external link)
Originally published on 18 Mar
Enefit, the electricity business of Eesti Energia, is expanding its energy storage portfolio by building three new battery storage systems next to its wind farms in Lithuania. The new systems will have a combined capacity of 46 megawatts (MW) and 184 megawatt-hours (MWh). Once completed, Enefit’s storage portfolio will grow from the current 29 MW to 75 MW, strengthening the company’s position in the Baltic energy storage market.
“Energy storage is a key component of the modern energy system. Battery solutions help balance wind and solar generation, support grid stability, and mitigate high price peaks,” said Donatas Celešius, Member of the Management Board of Enefit and Head of Business Development. “Storage solutions also increase the value of our existing production assets and strengthen our integrated generation portfolio as a whole.”
Read full announcement (external link)
Originally published on 19 Mar
Great news for our international partners. Estonia will increase the Film Estonia cash rebate from 30% to 40%, strengthening the country’s competitiveness in the international film production market. “It’s official. Minister Heidy Purga has confirmed the final step of a long process: Film Estonia moves forward with a 40% cash rebate for film and TV production.
Regulations still need to be updated — and then, let’s roll!” stated Edith Sepp, head of the Estonian Film Institute.
Read full announcement (external link)
Originally published on 9 Mar
Sunly has signed a power purchase agreement (PPA) with Respect Energy for the Rzezawa solar park in southern Poland. The agreement covers the sale of 100% of the electricity generated by the 60 MW photovoltaic installation.
The contract has been concluded in a “pay as potentially produced” structure. In addition to the electricity offtake, the cooperation includes providing balancing services with the installation. Respect Energy will act as the Balancing Services Provider (BSP), enabling the solar park to participate in the balancing market once the formal qualification process and technical integration are completed.
Read full announcement (external link)
Originally published on 18 Mar
The European Investment Bank (EIB) has signed its first pre-IPO advisory agreement to help a European growth company prepare for access to public capital markets. The support is provided through the InvestEU Advisory Hub and aims to strengthen the ability of innovative European companies to grow and remain in Europe as they scale.
The agreement supports Swedish biotechnology company Anocca, based in Södertälje, which develops next-generation T-cell immunotherapies for cancer. T-cell immunotherapy is a form of treatment that uses a patient’s own immune cells, engineered to recognise and attack cancer cells more effectively.
Read full announcement (external link)
Originally published on 18 Mar
Ship design and construction company “Latitude Construction”, working under the Latitude Yachts brand in the Port of Riga, will establish a new company “Latitude Naval Technologies” with the aim to develop modern offshore platforms for security and defense operations.
Thus, another company will join the innovative and military technology production facilities of the Port of Riga, developing a new direction in the Latvian shipbuilding industry, combining extensive experience in shipbuilding with the growing demand for modern maritime safety technologies. In the current conditions, such a production facility will not only contribute to the economic growth of Latvia but also boost the security of Latvia and its partners.
Read full announcement (external link)
Originally published on 18 Mar
Estonia is no longer just a land of humble startups, as its premier companies are scaling ambitions. This week, Tallinn-based mobility giant Bolt announced that it will partner with NVIDIA to develop an AI-powered platform for autonomous vehicles tailored specifically to European roads.
The collaboration pairs Bolt’s vast amounts of real-world driving data — collected daily across its ride-hailing, carsharing, micromobility and delivery operations in 50+ countries and 850+ cities — with NVIDIA’s latest autonomous driving stack.
Read full announcement (external link)
Originally published on 17 Mar