Wednesday, April 15, 2026

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Agency “Alpha” wins in two categories at the “European Agency Awards 2025”

The communications agency “Alpha” has won two awards this year in the prestigious “European Agency Awards 2025” competition – in the categories “Best PR Campaign” and “Best Integrated Campaign”, recognizing the campaign “Never Alone!”, which was carried out in Lithuania in cooperation with the Findmykids app. This achievement confirms that the Baltics’ communications industry is capable of creating European-level solutions with real public […]

As it expands, Grenardi begins operations in the Czech Republic

Latvian jewelry retailer Grenardi Group continues its expansion outside the Baltics. By investing almost 3.5 million euros, the company is entering the Czech market, opening two jewelry stores on the main shopping street in Prague, the company reports. On November 14, a shop-in-shop format store will open its doors, combining both the globally recognized Italian jewelry brand Damiani salon and the already familiar Grenardi for Baltic customers with its wide […]

Those involved are worried about the elimination of the “trough”

“The Civic Alliance–Latvia is concerned about the ZZS proposal to liquidate the Society Integration Fund (SIF),” such a report appeared four days ago in the Latvian Public Media. In the organization’s view, such a proposal can be regarded as an attempt to weaken civil society, participation, and the independent mass media environment, as it fits into a broader trend of restricting democratic processes in Latvia. Inc. investigated what the Civic Alliance intended by this […]

“Delska” is building the most powerful infrastructure in the region

At a time when the volume of company data is literally exploding, IT continuity and secure data storage are becoming a critical prerequisite for business growth. Latvian data center operator “Delska” (formerly DEAC), which has recently attracted substantial investments from a Luxembourg fund, is responding to this demand by building the most powerful data center in the Baltics. The new data center in Riga, on Latgales Street with a total capacity of 10 MW, will become […]

The enchanted cycle of heat

The heating season is just around the corner, and residents of Riga will again pay more for heat. Politicians, who face Saeima elections next year, have suddenly set about trying to reduce heating tariffs in Riga, but their little blanket of populism is more likely to tear than to reach the goal – all because short-term solutions have been made the priority for their own aims and interests, instead of tackling the root of the growing problem. However banal […]

SIF spends more on maintaining the institution itself than on media, NGO and family support programs combined

Should the Society Integration Foundation (SIF) be liquidated? This question has surfaced on social media after the Union of Greens and Farmers submitted a proposal in the Saeima to liquidate it. Inc. looked into how SIF spends the budget funds that are allocated to this organization every year; in 2025 this amounts to 37 million euros.  An interesting picture emerges – SIF not only for maintaining the institution itself SIF […]

Technology created in Latvia makes it possible to mine Bitcoin and produce heat at the same time

The Latvia-founded company Power Mining has this year created a unique data center that converts the heat generated during Bitcoin mining into district heating energy. This technology makes it possible to recover up to 95% of the heat produced by servers and transfer it into the city’s heating network, providing heating for approximately 2,000 households. In Europe, data centers already consume more than 3% of the continent’s total electricity, and […]

Latvenergo has borrowed 400 million – the first part of the planned billion

Latvenergo has been successfully raising funds through bond issues since 2012. This year, the company is taking a step further by issuing eurobonds, i.e. entering the international market. With strong demand, Latvenergo has placed 400 million euros in bonds. Total demand from 140 investors exceeded the target amount by 5.5 times. Over the next two years, the company plans to borrow up to an additional 600 million euros in this way. How […]

Investment price: one Estonian is guaranteed timber for ten years without an auction, at the agreed price

The Estonian company Fibenol, which plans to build one of the most modern biorefinery plants in Europe in Valmiera, promising to invest up to 700 million euros in it, is trying to reach an agreement with the Latvian government on more favorable conditions for purchasing pulpwood. The company wants to buy 300 thousand cubic meters of birch pulpwood per year from “Latvijas Valsts meži” without an auction and at an agreed price. This fact was reported this spring […]