Tuesday, April 14, 2026

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Procedural actions are being carried out involving the state secretary of the Ministry of Environmental Protection, Balševics, Liopa and the entrepreneur Ceruss

In connection with the development and operation of IT systems in the 2025 municipal elections, law enforcement authorities this evening are carrying out procedural actions at the Ministry of Environmental Protection state secretary Edvīns Balševics, according to information available to Inc. Procedural actions are also being carried out at the former head of the State Regional Development Agency (VRAA), Jorens Liopa, as well as the businessman, owner of Corporate Solutions group, Aigars Ceruss. Asked what the businessman has to do with […]

Cigarette manufacturer donates drones to Lithuania to fight contraband cigarettes

To strengthen border control capabilities and expand the arsenal of anti-smuggling tools, the US-capital company Philip Morris Baltic has donated 7 industrial Autel Alpha drone systems to the Lithuanian government. The drones will be used by the Lithuanian Riflemen’s Union, an organization overseen by the Lithuanian Ministry of Defence. The drones received are specially adapted for carrying out complex tasks both during the day and at night. The total value of the support exceeds 150 thousand euros. […]

Storing electrical energy in batteries narrows the circle of energy suppliers

Although the installation of solar panels and batteries will undoubtedly reduce your electricity bill, it can also limit your choice of which electricity market participant to buy energy from when the solar-generated and battery-stored power is not enough. For example, JSC Virši-A does not conclude electricity supply contracts with owners of such systems. This was discovered by social network X user Gatis Krūmiņš while exploring market options.  […]

The manager of SKY stores goes bankrupt

Announcing that it is unable to compete with foreign-capital supermarket chains, SIA Skai Baltija, which operates the SKY supermarket network, submitted an insolvency application on Friday, March 13, the company reports. The management of SIA Skai Baltija indicates that the company can no longer compete in the price war with the large foreign-capital retail chains. Likewise, in recent years the geopolitical situation has significantly increased operating costs. In order to […]

The Ministry of Education cannot find the list of schools to which the expensive computers were delivered

Officials of the Ministry of Education and Science (Ministry of Education) apparently cannot find information within their own system about which schools have received the 48 thousand purchased computers, for whose procurement process Minister Dace Melbārde initiated an internal investigation at the end of February.  Inc. has already written that the Ministry of Education has found an unprecedented way to exclude from the procurement a company that was able to provide the necessary computers […]

Gas prices can also make electricity more expensive. The fastest solution – renewable resources

Today, when thinking about our energy system and its self-sufficiency, a Latvian proverb comes to mind: “foreign bread is bitter.” If we are unable to cover our consumption with hydropower plants, wind and solar farms, or other locally sourced generation, then we need to import fuel. Here, the beginning of March has brought unexpected surprises. The military conflict in the Middle East and its impact on oil product prices can be observed […]

During Siliņa’s government, state spending on grants to NGOs and individuals has doubled

Expenditures by ministries and institutions for non-governmental organizations, as well as grants to private individuals over the last four years have more than doubled, according to information compiled by Inc. Thus, in 2022 a total of 98.9 million euros was spent for these purposes, while in 2026, 192.9 million euros is planned to be spent for the same purposes. It should be added that the increase has been consistent and these have not been any exceptions […]

Law enforcement will be allowed to eavesdrop on cartel organizers

The Saeima Legal Affairs Committee has supported at first reading amendments to the Operational Activities Law, which clarify the procedure for using and transferring information obtained in the course of operational activities in other proceedings. These will ensure a more effective fight against cartels, as well as expand opportunities to uncover other crimes. The amendments were prepared in response to a Supreme Court Senate judgment in the so‑called construction companies cartel case, in which it was concluded that […]

An additional tax is being prepared for imports from Russia

By referring to committees the Economic Security Tax Law initiated by the National Alliance, the Saeima is beginning work on the introduction of a new tax on goods from Russia – 30%. According to the proposal, the tax would have to be applied to goods that are sold for the first time or used to ensure economic activity, production or for own consumption. In the draft law, Russia is not mentioned by name; instead, there is a list of countries or “high-risk countries” to which this […]

“Agrova Baltics” financial results exceed IPO targets; the company is considering a bond issue

For the Latvian food production company group AS Agrova Baltics (previously “APF Holdings”), 2025 was the most successful year in the company’s development history. According to unaudited data prepared by the company’s management, in 2025 net turnover reached 24.3 million euros (+92% compared to 2024), adjusted EBITDA – 9.2 million euros (+257%), while profit for the reporting period – 5.2 million euros. The past year […]