Three 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
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HYBRIT’s pilot project for hydrogen gas storage has now been completed and reported to the Swedish Energy Agency. The results show that it is technically possible to store fossil-free hydrogen gas for producing fossil-free iron and steel on an industrial scale. This can also reduce the variable operating costs of hydrogen production by up to 40 per cent.
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Originally published on 27 Feb
In the Estonian-Latvian border region, public transport services that once provided convenient travel options for residents of both countries have been absent for several decades. The ROCC project, supported by the Interreg Estonia-Latvia Programme 2021-2027, is now approaching a significant milestone—the launch of two pilot bus routes. The Valga-Valka and Ikla-Ainaži (Salacgrīva) bus lines are expected to begin operating in the spring of 2025, offering new mobility opportunities for border residents and travelers alike.
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Originally published on 25 Feb
OpenAI is proud to work with Estonia’s government on a world-first initiative to provide all students and teachers in the secondary school system with access to ChatGPT Edu, a version of ChatGPT customized for education systems, starting with 10th and 11th graders by September 2025.
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Originally published on 25 Feb
A new solution has emerged in Latvia’s defence technology sector: the unmanned ground platform developed by the Latvian startup Natrix is a universal, modular solution that can be adapted for various applications. Currently, the Natrix platform’s primary tasks are delivering ammunition and food to the frontline and on the return journey evacuating the wounded and deceased, thus significantly reducing the risk of casualties for rescuers who previously had to evacuate the injured manually.
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Originally published on 25 Feb
Are you a VR/AR/XR company or a game developer in Finland, Sweden or Estonia looking to accelerate your growth?
The CDG-Booster program invites you to an inclusive community of peers and industry experts to help your company speed up growth, avoid business pitfalls, save resources, find your strengths and learn how to exploit them.
Through this program, your company will become it’s next, improved version of itself and you will journey the path to become a smarter and better entrepreneur.
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Originally published on 21 Feb
Over the course of 2024, the European Investment Bank (EIB) and the European Investment Fund (EIF) continued to support Sweden’s economic development and climate initiatives through substantial investments.
The EIB Group’s financing during the year amounted to around SEK 22 billion, of which more than 60% went to climate measures and environmental sustainability. This money supported wind power, energy-efficient housing and industrial electrification, among other projects.
These investments are estimated to have kept 32 000 jobs in Sweden.
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Originally published on 20 Feb
In the Rail Baltica project, envisioned as a seamless corridor stretching from Warsaw to Tallinn, Poland plays a crucial role as a strategic partner, serving as the gateway connecting Lithuania, Latvia, and Estonia with the broader European rail network. While work on Rail Baltica has been progressing in all three Baltic countries, with 43% of the mainline expected to be construction-ready and actively under development by the end of this year, the Polish section has also experienced continuous development for several years.
Rail Baltica team recently conducted a visit to Poland to assess modernization efforts and observe the progress of the railway line that will connect Poland to the Lithuanian border.
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Originally published on 24 Feb
LIAA will carry out the project “Agri-Biocircular-Hub: Center of Excellence for Smart Agriculture and Circular Bioeconomy Towards a Sustainable Agri-Food Sector in Enlargement Countries.” The project will be implemented over a four-year period, from 2025 to 2029. LIAA’s 2023-2029 strategy focuses on fostering knowledge-intensive business, export growth, and investment attraction, with an emphasis on smart specialization strategy (RIS3) areas.
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Originally published on 21 Feb
The Hola 5G Oulu project has announced the successful launch of its private 5G standalone (SA) network at Oulu University Hospital, marking Europe’s first private 5G network in a functioning hospital. This achievement has the potential to revolutionise healthcare with advanced technology. The project, a collaboration between Pohjois-Pohjanmaan hyvinvointialue Pohde, Boldyn Networks, WICOAR Technologies, Oulu University Hospital, and the University of Oulu, aims to enhance patient care and operational efficiency through secure, high-capacity connectivity.
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Originally published on 19 Feb
Pactum AI, an Estonian startup focusing on autonomous negotiation technology, has been named the winner of DIGITALEUROPE’s prestigious Future Unicorn Award for 2025. The company was recognised at DIGITALEUROPE’s Masters of Digital conference in Brussels for its innovative AI platform that automates complex business negotiations.
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Originally published on 20 Feb