Wednesday, April 15, 2026

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inc.baltics

Corporate lending in Latvia is experiencing one of the fastest increases in the euro area

After a prolonged period of caution, the corporate lending market in Latvia is showing a convincing recovery in 2025, driven by falling interest rates and entrepreneurs’ growing willingness to invest in development. The corporate lending market has become one of the fastest growing in the euro area, and non-bank financial service providers such as Cityfinances play a crucial role in reducing the financing gap in the SME segment. In the Bank of Latvia’s “Financial Availability Review […]

3 things Delfi doesn’t tell you…

At the time when I worked at the Ministry of Economics and saw how politicians acted and then publicly said something completely different, deliberately distorting information, sometimes the level of manipulation was such that I could not even believe it was possible at all. I tried to understand whether a particular person did this out of conviction, defending certain interests, or really did not understand […]

Žiemelis: the opportunity to be the first is very attractive

The Dublin-based Avia Solutions Group is the world’s largest ACMI (aircraft, crew, maintenance and insurance) services provider. The group operates in more than 70 countries and has offices in Lithuania, Dubai, Dublin and other cities worldwide. The group consists of more than 200 companies that provide a wide range of aviation services, including aircraft maintenance and repair (MRO), […]

Revolut’s valuation has reached 75 billion USD

Today, the financial technology company Revolut announced the completion of a share sale, valuing the company at 75 billion USD. The 75 billion USD valuation is supported by strong business momentum and solid financial results. Revolut’s 2024 revenues increased by 72% to 4.0 billion USD, while profit before tax rose by 149% to 1.4 billion USD. This trend continued […]

Agrova International acquires an egg producer in the United Kingdom for 40 million

AS Agrova International, which is the parent company of AS APF Holdings (Nasdaq Riga: EGG), under the leadership of its founder Jurijs Adamovičs, has acquired 100% of the shares in the UK egg production and distribution company Sunrise Group, which unites Sunrise Poultry Farms and Sunrise Eggs Holdings. The total value of the transaction is 40 million euros, making this one of the largest foreign acquisition deals by Latvian companies in recent years. […]

The State Audit Office might have difficulties auditing the MAF, because the State Auditor’s wife is involved in evaluating media projects

“Ploka was driven to despair by all of this. She had turned to the State Audit Office with a request to carry out an audit of the SIF. Zaiga [Pūce–ed.] left and that was a good moment. The State Audit Office said “no”, and I think that one of the reasons is that Zitmane is the wife of the Auditor General. If they start digging there, it may turn out that she is there […]

SRS data show that dental prosthetists earn less than nurses

A dental prosthetist is one of the lowest-paid professions in dentistry; prosthetists often earn less than their assistants, dental technicians, or nurses. Such an absurd conclusion could be drawn when looking at the State Revenue Service (VID) data on average hourly rates in dentistry. Experts, however, say that the shadow economy in this segment is to blame, as it has been very high for 30 years already. A little more […]

The penalty imposed on Maxima has not yet disciplined the other retailers

The fine imposed by the Competition Council on the retailer Maxima Latvija for unfair practices has so far not affected retailers’ attitudes toward food product suppliers. This has been observed by the association Farmers’ Saeima, which had also not expected rapid changes in the relationship between suppliers and retail chains. “Maxima is not the only retail chain, and the fact that the fine was imposed on Maxima does not mean there is only one guilty party, […]

APF holdings will be transformed into Agrova Baltics

Joint stock company APF Holdings, which includes one of the largest poultry and egg production companies in Latvia, Alūksne Poultry Farm, will change its name to Agrova Baltics, according to the company’s announcement to the Nasdaq Riga exchange. The company has convened an extraordinary shareholders’ meeting, which will take place on December 10. The name change is related to the fact that its largest shareholder, Jurijs Adamovičs, at the beginning of the month established a new food production […]

A new exchange in the electricity market promises greater competition

Transmission system operators (TSOs) of the Baltics, together with partners, have implemented a solution that allows multiple power exchanges to operate in the market, informs AS Augstsprieguma tīkls (AST). Competition between power exchanges will provide benefits to market participants by ensuring a wider range of options and better services. On 25 November, a new operator – EPEX SPOT – will start operating in the day-ahead market in Estonia, Latvia, and Lithuania. […]