Posts Tagged ‘Latvia’
How offshore wind can shape the future
Wind farms are a source of a lot more than just energy, but they will not materialise out of thin air
Read MoreThree international investors will develop wind technology production facilities on Kundziņsala
Over the course of the year, three international investors have been attracted while working on the European Union co-financed project “Creation of Port and Logistics Infrastructure for the Development of Wind Technology Production at Kundziņsala” at the Port of Riga. The companies plan to make significant investments in the offshore and onshore wind technology production facilities, their components, and related industries to be developed in the Kundziņsala area, creating more than 2,000 new jobs in the future. In March of this year, the Freeport of Riga Authority signed investment agreements with two of the investors attracted tin the framework of the project – UAB Eurostat 5 and Solidior Power Ltd.
Public funding for the project “Creation of Port and Logistics Infrastructure for the Development of Wind Technology Production at Kundziņsala” consists of co-financing from the European Regional Development Fund, the Freeport of Riga Authority, and the state, totaling 86 million euros, which is allocated for infrastructure development. Meanwhile, the three investors involved have committed to investing more than 700 million euros in the construction of production facilities in several phases by 2034.
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Originally published on 7 May
Read MoreLIAA 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
Read MoreNIB supports energy resilience in the Baltics
The investments include investments to essential energy infrastructure across the three Baltic countries, including expansion of existing district heating systems, building a renewable heat production facilities, and investments in Battery Energy Storage Systems (BESS).
These investments will strengthen the energy infrastructure, increase system flexibility, and contribute to the diversification of the regional energy mix, strengthening the three Baltic countries’ energy resilience.
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Originally published on 5 May
Read MoreInstallation of facade and roof glazing has begun at the new Riga Central Station
In the southern part of the new Riga Central Station building, installation of facade and roof glazing has begun. Final glass installation works in passenger canopy structures above the platforms have also started. It is planned that the glazing works will take approximately 3 – 4 months, depending on weather conditions. As a result, the station building will increasingly take on its intended architectural form, previously seen only in visualizations. The total glazing area of the new station building is 1,500 m².
“This is an important construction stage in the southern part of the Rail Baltica Riga Central Station building, which will significantly transform the station’s visual identity and mark its transition into a modern, European-level transport hub. Full railway system construction will continue in the coming years. It is planned that train traffic will be able to fully use the southern part of the station from summer 2028, while the connection with the Rail Baltica station at the airport is planned for the end of 2029,” said Jānis Naglis, Board Member of SIA “Eiropas Dzelzceļa līnijas,” the national implementer of Rail Baltica in Latvia.
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Originally published on 30 Apr
Read MoreDelska Launches One of the Baltics’ Most Advanced and Sustainable Data Centers in Riga
On April 15, Delska, one of the leading data center operators in the Baltics, officially launched EU North Riga LV DC1 – a 10 MW data center designed for artificial intelligence (AI) and high-performance computing (HPC). The project has received the Latvian Construction Annual Award (1st place in the “Production Facility, Industrial Building” category).
The data center was created in response to the rapid growth of artificial intelligence and the resulting shortage of data center capacity in major European cities, which is pushing companies to look for new regions with available resources. The company notes that this project marks only the beginning of a broader expansion of data center infrastructure in the area, reinforcing the Baltic states’ role as a competitive and sustainable digital hub in Northern Europe.
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Originally published on 20 Apr
Read MoreDigital innovations for the future of ports featured at the German-Latvian Port Days
On April 15, in the framework of the German-Latvian Port Days in Hamburg, the Maritime Digital Innovation Demo Day took place, where innovative solutions – digital and autonomous technologies for port efficiency, safety and security – jointly created by Latvian and German partners were presented.
“What started with a visit and a signature is now becoming visible and tangible: this Demo Day shows how the partnership transforms into practical solutions. Hamburg and Riga combine technological excellence with a clear ambition to make our ports smarter, more efficient and future-ready. This is not about discussing innovations, but about implementing them together. In particularly challenging times, one thing is clear: those who work together move forward. Our partnership sends a powerful signal to the Baltic Sea region and to a strong, united Europe,” said Dr Melanie Leonhard, Minister for Economic Affairs, Labor, and Innovation of the Free and Hanseatic City of Hamburg.
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Originally published on 16 Apr
Read MoreMemorandum of Understanding signed to promote investment in Latvia’s transport and logistics sector
On 1 April 2026, a Memorandum of Understanding (MoU) on the promotion of long-term investment in Latvia’s transport and logistics sector was signed at the Ministry of Economics. The memorandum was signed by Minister of Economics Viktors Valainis, Director General of the Investment and Development Agency of Latvia (LIAA) Ieva Jāgere, and Povilas Drižas, Secretary General of the International Transport and Logistics Alliance (Tarptautinio transporto ir logistikos aljansas – TTLA). The objective of the memorandum is to facilitate the expansion of Lithuanian transport and logistics companies in Latvia, strengthening regional cooperation and developing a competitive transport and logistics ecosystem in the Baltics.
The International Transport and Logistics Alliance (TTLA), founded in 2019, unites 25 of Lithuania’s largest transport and logistics companies and represents a significant share of the international road freight market. The organization works to enhance the sector’s competitiveness and represent business interests at both national and international levels. TTLA members are international hauliers operating in European and Asian markets, forming a vital link in the Baltic region’s logistics chains.
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Originally published on 8 Apr
Read MoreSAF Tehnika buys drone manufacturer AeroVictory Baltic
AS “SAF Tehnika,” a manufacturer of wireless data transmission equipment, has acquired a 50.5% stake in the newly established drone manufacturer SIA “AeroVictory Baltic”.
“AeroVictory Baltic” has a paid-in share capital of 20,200 euros. As a result of the transaction, “SAF Tehnika” has acquired 102 shares out of a total of 202 shares, representing 50.5% of the share capital and voting rights.
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Originally published on 8 Apr
Read MoreLatvia to receive EIB guidance on unlocking stronger tech innovation
Latvia on accelerating the development of high-growth business sectors. Through this new cooperation with the Ministry of Economics and the Investment and Development Agency of Latvia (LIAA), the EIB will help the country create the conditions for more competitive and scalable companies.
EIB experts will assess how Latvian businesses, research institutions and emerging technologies are supported and identify where policies and financing can be strengthened. The work, due to take place until the end of this year, will also explore opportunities for deeper Latvian alignment with neighbouring Estonia and Lithuania to foster strategic Baltic-wide initiatives.
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Originally published on 7 Apr
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