Posts Tagged ‘Latvia’
Moody’s affirms Latvia’s rating at A3 with stable outlook
On Friday, January 16, 2026, the international credit rating agency Moody’s affirmed Latvia’s credit rating at A3 level, maintaining a stable outlook.
“Latvia has a stable credit rating, and Moody’s decision to confirm the A3 level with a stable outlook is very good news for us. This confirms that geopolitical risk is increasing internationally and investors and lower partners trust Latvia’s ability to develop a developed fiscal policy, ensure the state and adapt to shocks. levels in the region, employee budget sustainability and security, promoting growth. Let us continue this course so that Latvia is an attractive and reliable country for both investors and our people,” says Prime Minister Evika Siliņa.
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Originally published on 16 Jan
Read MoreLatvia 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 MoreMILA Joins the Standardization Technical Committee LVS/STK 59 “Artificial Intelligence”
The Artificial Intelligence Association of Latvia (MILA) has joined the Standardization Technical Committee LVS/STK 59 “Artificial Intelligence,” strengthening professional industry representation in the development and implementation of AI standards in Latvia. MILA is represented on the committee by its co-founder and board member, Gatis Romanovskis.
The Standardization Technical Committee LVS/STK 59 was established in November 2025 to ensure Latvia’s regular and active participation in the development of European and international standards in the field of artificial intelligence. The committee’s scope covers AI terminology, fundamental principles, systems, conformity assessment, as well as the management of ethical and societal aspects, promoting the adoption and practical implementation of these standards in Latvia.
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Originally published on 14 Jan
Read MoreairBaltic Named Among the World’s Safest Airlines for 2026 for Second Consecutive Year
The Latvian airline airBaltic announces that it has been named among the world’s top 50 safest airlines for the second year in a row by Airline Ratings, a global authority on airline news, passenger reviews, and safety evaluations. In its category, airBaltic improved its ranking, rising from 25th place in 2025 to 7th place in 2026.
Pauls Cālītis, Chief Operations Officer of airBaltic: “Safety is the foundation of every decision we make at airBaltic. This recognition by Airline Ratings reflects our safety culture, the professionalism of our teams, and our continued investment in training, modern aircraft, and operational discipline. Operating reliably in demanding winter conditions further demonstrate the robustness of our procedures. Being recognized among the world’s safest airlines for the second year in a row reflects our ongoing commitment to operational excellence and to earning our customers’ trust. We thank Airline Ratings for this recognition.”
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Originally published on 13 Jan
Read MoreBalticSeaH2 Consortium Marks Key Mid-Term Milestone
On December 3–4, the BalticSeaH2 consortium held its annual all consortia project meeting and General Assembly in an online format. The meeting marked an important milestone as the project approaches its mid-term phase.
During the sessions, consortium members presented completed project tasks and deliverables, as well as reviewed progress on ongoing activities. One of the key takeaways was that the implementation of the BalticSeaH2 project is progressing as planned, with approximately one-third of all deliverables already completed – 41 out of a total of 123.
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Originally published on 12 Jan
Read MoreBaltic and Nordic chip centres join forces in a regional partnership
Continuing to expand cooperation between Baltic and Nordic chip competence centres, a memorandum of understanding has been signed between four Nordic centres—Finland, Sweden, Norway, and Denmark—and the three Baltic states.
The memorandum of understanding was signed at a meeting of Nordic chip centres, where the main areas of cooperation were defined to promote joint activities in education, research, and industry support. It is envisaged that cooperation will be expanded in the future to strengthen knowledge exchange and jointly address regional challenges in the semiconductor industry.
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Originally published on 11 Jan
Read MoreIgnitis Group achieves prestigious CDP ‘A’ score for environmental leadership
Ignitis Group has been recognised by CDP, a global environmental non-profit, for its leadership in corporate transparency and performance on climate change, securing a place on CDP’s respected annual A List.
CDP operates the world’s only independent environmental disclosure system and assesses thousands of companies each year, having spent 25 years building the world’s most trusted environmental data system. In 2025, nearly 20,000 companies were scored, out of more than 22,100 reporting through CDP’s platform. Achieving a score of ‘A’ places Ignitis Group among the global leaders, which demonstrates its comprehensive disclosure, mature environmental governance practices, and meaningful progress towards environmental resilience. Securing a place on the A List means that the company is among the top 4% of companies scored by CDP.
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Originally published on 8 Jan
Read MoreMethodological guidelines developed for the use of AI in education
The State Education Development Agency has drawn up Methodological Guidelines for the use of artificial intelligence in the field of education. These guidelines offer practical and comprehensive support for general and vocational education teachers to facilitate meaningful use of AI in the learning process.
The methodological guidelines set out eight principal directions for integrating artificial intelligence into education, including the skilled use of AI tools, planning the learning process, content creation, assessment, professional development, and teaching students about artificial intelligence. The guidelines underline the ethical and safe use of artificial intelligence, as well as promoting academic integrity.
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Originally published on 6 Jan
Read MoreNew 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.
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Originally published on 17 Dec
Read MoreLatvia’s Beneflo admitted to Visa’s VIPE European Innovation Programme
Eight financial technology companies from the Nordic countries have been admitted to the international payment technology company Visa’s European innovation programme, VIPE. Among them is Latvia’s Beneflo, which is developing an employee support solutions platform that simplifies the international allocation of various bonuses and benefits to employees using a Visa card and app.
In addition to Beneflo, the programme has also admitted Enable Banking from Finland, Kardio from Iceland, Juuli from Estonia, Ledyer and Betalo from Sweden, Beep from Italy, and Myver from Denmark.
The VIPE Baltic and Nordic programme is a pilot project–focused collaboration platform that aims to accelerate digital innovation in Latvia, Lithuania, Estonia, Sweden, Finland, Norway, Iceland, and Denmark. During the six-month programme, the startups involved will have the opportunity to develop their business ideas and innovations, implement pilot projects, build partnerships, and engage in networking activities with Visa partners worldwide.
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Originally published on 18 Dec
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