Posts Tagged ‘Investment’
Latvia Sets Investment Record: Over €1 Billion in FDI Attracted in 2025
In 2025, with the involvement of the Investment and Development Agency of Latvia (LIAA), the implementation of 31 investment projects was launched. The total value of these projects reached €1.01 billion, and 1,350 new jobs will be created. The largest projects last year were related to bioeconomy, smart energy, high-value-added manufacturing, ICT, and other sectors.
Minister for Economics Viktors Valainis: “Latvia aims to be among the most attractive investment destinations in the region, and LIAA’s results in 2025 confirm this—the Agency has attracted the highest investment volume in a single year in Latvia’s history. It is particularly significant that data from the Bank of Latvia show that in the first three quarters of 2025, the total volume of foreign investment increased by €700 million. This means Latvia can and does compete. Our task is to continue improving the business environment, removing obstacles, and ensuring investors have a clear, fast path from concept to implementation.”
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Originally published on 15 Jan
Read MoreMyDello Secures €3.1 Million to Accelerate the Digitization of Global Logistics
MyDello, the digital freight forwarding platform dedicated to simplifying global trade, today announced it has successfully closed a €3.1 million funding round. The round was led by the Icelandic fund Frumtak Ventures, with significant follow-on participation from early investor Superhero Capital.
This new capital will be used to accelerate MyDello’s mission to transform the deeply fragmented and antiquated global logistics industry. The investment will fuel the development of advanced AI-powered solutions, drive strategic expansion into new European markets, and further enhance MyDello’s digital platform, which has already onboarded over 12,500 businesses.
The global logistics industry, valued at an estimated $6 trillion annually, has long been a bottleneck for businesses worldwide. For decades, it has operated on outdated systems involving faxes, phone calls, and mountains of physical paperwork, creating a frustratingly opaque and inefficient environment. MyDello was founded to solve this problem head-on by providing a single, digital-first platform that makes shipping goods simple, transparent, and efficient for everyone.
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Originally published on 16 Dec
Read MoreAneli Capital Launches €35M Fund for Baltic and CEE Startups
A team of experts with over 15 years of experience in funding businesses has launched Aneli Capital, a fund to support early-stage startups in the Baltics, Poland, and other Central and Eastern European (CEE) countries. The €35 million fund will primarily focus on Information and Communication Technology (ICT) as well as robotics, space, photonics, and energy startups, with the goal of helping them grow and become ready for follow-on investors.
While CEE startups are gradually becoming more visible in the international startup scene, they still face issues such as a lack of funding and difficulties in scaling compared to their Western counterparts.
Aneli Capital plans to help solve these challenges by offering efficient, quick decision-making and founder-friendly terms in addition to capital.
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Originally published on 10 Dec
Read MoreSwiss privacy technology company Proton to expand its R&D hub in Vilnius
Proton, a Swiss privacy-focused technology company, is expanding its software engineering operations in Lithuania as part of its broader global development strategy. The Vilnius office, established in 2019, currently employs around 20 specialists and acts as a regional R&D hub integrated into Proton’s global product teams.
Proton was founded in 2014 by a team of scientists who met at CERN. Guided by the belief that privacy is a fundamental human right, the company has grown into a global provider of secure, open-source services with more than 100 million accounts across 180+ countries. Its products include Proton Mail, Proton VPN, Proton Drive, Proton Calendar, Proton Pass, Proton Authenticator, and Proton Wallet. The company’s users range from privacy-conscious individuals to journalists, activists, NGOs in high-risk environments and privacy-first businesses.
Proton selected Vilnius for expansion due to its high-quality engineering talent, strong university programmes in computer science and cybersecurity, and a mature technology ecosystem. According to Beatriz Dominguez, VP People at Proton, Lithuania also offers favourable conditions for privacy-first innovation, supported by government incentives and strong connectivity to European data infrastructure.
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Originally published on 16 Dec
Read MorePoland: With €600 million loan, EIB is the main financier behind new offshore wind farm
The European Investment Bank (EIB) will contribute €600 million and become the largest lender to the construction of BC-Wind, a 390 MW offshore wind windfarm in the Baltic Sea set to supply nearly half a million Polish households and businesses with clean power. Developed by Ocean Winds, an ENGIE and EDPR joint venture, the wind farm will sit over 20 kilometres off Poland’s western coast and is expected to start production in 2028. It marks the fourth major offshore project backed by the EIB in Poland, and the third one signed in the country just this year.
“The EIB’s persistent commitment to supporting climate, economic competitiveness and Europe’s strategic sovereignty stands behind this beneficial, long-term loan for the construction and operation of BC-Wind, a new offshore wind project in the Polish economic zone in the Baltic Sea. As the climate bank of the European Union, the EIB is a trusted partner of ambitious energy transition in Poland from renewable sources to grid modernisation to energy efficiency and affordability. The latest addition to Poland’s rapidly growing offshore wind industry, BC-Wind will help reduce Poland’s carbon emissions and ensure energy security for people and businesses,” said EIB Vice-President Teresa Czerwińska.
BC-Wind will consist of 26 bottom-fixed turbines, each with a maximum capacity of 15 MW. Ocean Winds has already secured all of the required permits, as well as a 25-year contract for difference to underpin future sales. On Dec.1, the company announced the sealing of an around €2 billion financing agreement with 15 lenders, which means construction can start in 2026.
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Originally published on 1 Dec
Read MoreEstonian Skeleton expands with a €220M German plant
Despite its compact size, Estonia is now making big moves in Energy technology, as its startups move into the scale-up category. Founded in Tallinn, Skeleton Technologies just opened one of Europe’s most advanced supercapacitor plants in Leipzig — and the timing couldn’t be better.
The €220M facility is the largest recent industrial investment from Estonia into Germany, and a perfect showcase of how innovations and strong industrial traditions could merge. Think of supercapacitors as the emergency responders of the electrical grid. When power surges or drops happen, they react in milliseconds—far faster than traditional batteries. CEO Taavi Madiberk calls them “a seatbelt for a grid with more and more renewables.”
As Europe adds more wind and solar power, the grid becomes more volatile. The challenges are already evident, with spring’s widespread power outages in Spain and Portugal making headlines. That’s exactly the kind of crisis Skeleton’s technology prevents. Their systems already serve as last-resort safeguards for German grid operators, plus energy giants like Siemens, GE, and Hitachi. Their mission, as Madiberk puts it, is simple: “Keep the lights on in Europe.”
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Originally published on 1 Dec
Read MoreLatvia takes first place in Investment Promotion Agency index
Latvia has been ranked nr. 1 out of 32 countries in the Investment Promotion Agency index as outlined in “The Investment Promotion Playbook 2025″ report by Reinvantage, an independent consultancy firm, for the second year in a row. The second place is taken by Estonia, with Lithuania ranked number 5.
The report by Reinvantage has assessed 32 countries across Central, Eastern, and Southern Europe, the Baltics, the Balkans, the Eastern Mediterranean, and Central Asia. The report has been published for 8 years consecutively, and has grown from its initial 23-country cohort to the now-expanded 32 countries.
The methodology is made up of scores across five categories, each weighted according to impact:
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Originally published on 1 Dec
Read MoreEstonia secures European investors for a 1 GW offshore wind project
Estonian offshore wind opportunities unite investors from all around Europe. Estonian energy company Sunly has joined forces with France’s VALOREM Group and Norway-based Deep Wind Offshore to develop the Tuul Energy project, reports Oedigital.
The collaboration, announced on April 10, will focus on developing a massive 250 km² area near Saaremaa Island. The project aims to install bottom-fixed offshore wind turbines with a potential capacity exceeding 1 gigawatt (GW), enough to power hundreds of thousands of homes.
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Originally published on 15 Apr
Read MoreFinland holds steady on attracting foreign investment
While foreign direct investment flows across Europe dropped in 2024, Finland held its line in attracting international companies. Sustainability took center stage, with investments driving cleaner solutions for energy, manufacturing and recycling. AI and imaging were in the mix too.
According to Invest in Finland’s monitoring service, foreign companies established or acquired 231 new entities in Finland during 2024 – a decrease of just 6% from the previous year. Over the same period, foreign-owned companies already operating in Finland made 130 follow-up investments.
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Originally published on 14 Apr
Read MoreVilnius Recognised for Excellence in Foreign Direct Investment
Vilnius has been awarded the top international recognition for its foreign direct investment (FDI) strategy, securing the prestigious Best FDI Strategy Award at MIPIM 2025, one of the world’s largest real estate exhibitions. The Lithuanian capital was honoured in the fDi European Cities and Regions of the Future 2025 rankings for mid-sized cities, an initiative by fDi Intelligence, a division of the Financial Times. This recognition underscores Vilnius’ long-term commitment to attracting global investment, fostering a business-friendly environment, and driving innovation.
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Originally published on 12 Mar
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