Wednesday, October 28, 2026

Headlines

Money

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 […]

MICA regulation: competitive “on paper”, in practice – nothing

Since mid-August, the number of licensed crypto-asset service providers in the European Union has increased by 52%, reaching 82 companies. Latvia, however, has not yet issued any licenses, as the Bank of Latvia has concerns about the potential market players’ reputation and level of maturity, the Head of Financial Technology at the Bank of Latvia emphasized at a meeting of the Subcommittee on Innovation Ecosystem Development of the Saeima Sustainable Development Committee […]

Latvenergo, by borrowing, plans to reduce the price of electricity

Latvenergo, which from next year must pay 90% of its annual profit into the state budget instead of the current 70%, will borrow up to one billion euros over the next three years. Contrary to some suspicions, the money will be invested in renewable energy projects, not in buying out Tet and LMT, Inc., explains the company’s Director of Communications, Andris Siksnis. After the announcement distributed by Latvenergo on 31 October that the company […]

Billions at work – Latvia’s EU funds puzzle

Twenty years in the European Union have significantly transformed Latvia’s economic environment: roads and bridges have been built, laboratories and industrial parks established, public services digitalized, as well as energy systems modernized and upgraded. Since accession in 2004, approximately 18 billion euros of EU funding have been invested in Latvia in several thousand projects – an amount that domestic resources alone could not provide. The main question now is […]

In the Latvian business environment, the trend of obtaining corporate loans quickly is strengthening

The saying “Time is money” is one of the basic principles of the business world, and in Latvia’s business environment right now it is truer than ever. The dynamic work pace is reinforcing the trend for companies to promptly borrow the funding needed for project implementation and to repay it flexibly, using grace periods and other solutions. Data compiled by the business financer Cityfinances show that businesses seek to receive funding within a day and […]

Cēsis beer is not yet allowed to take over Valmiermuiža beer – the opinion of the sector is being asked

The Competition Council, after a month-long investigation, has decided not yet to allow Cēsu alus to take over Valmiermuiža alus. To make a decision, the Council still needs the views of HoReCa sector representatives. The Competition Council invites HoReCa sector participants and other interested parties to express their opinion on the impact of the merger on competition. Market participants or other interested parties who wish to provide their opinion on the impact of the planned merger on […]

For military-oriented startups, European money is becoming more accessible

For manufacturers of new or significantly improved dual-use – civil and military – products, access to European Union co-financing has been significantly facilitated. Start-ups could be especially grateful for these amendments. The relevant regulatory framework, developed by the Ministry of Economics, was approved by the government on 21 October. Until now, it was stipulated that, in order to apply for support for the development of new or significantly improved dual-use products, project […]

The “window” for taking out reckless loans is narrowing

Author someone else The Ministry of Economics has prepared amendments to the Regulations on information about payment obligations to be included in the credit information bureau database, which will reduce borrowers’ chances of obtaining a credit that they will later be unable to repay. The Cabinet of Ministers will review the Regulation on 21 October. The Ministry of Economics states that the draft regulation has been drawn up to improve consumer protection and prevent situations where lenders do not have access to all essential information on the consumer’s ability to repay […]

Swedbank Baltics has once again been recognized as the most valuable company in Latvia

The twentieth TOP101 of Latvia’s most valuable companies, compiled by Nasdaq Riga and Prudentia, has already been published. For the fourth year in a row, AS Swedbank Baltics has gained the status of Latvia’s most valuable company – over the year the bank’s value has increased by 40%. The first TOP101 of Latvia’s most valuable companies was created twenty years ago. Since 2006, the value of the companies included in the ranking has grown more than fourfold. […]

FlyCap will invest 42 million euros in growing companies

With the achievement of the private investment attraction target, the venture capital fund manager FlyCap has started financing companies. After the completion of the first subscription stage, the total size of the fund is 42 million euros, which over the next five years will be invested in promising and growing Baltic companies. The fund’s financing consists of 24.8 million euros of public funding from the European Regional Development Fund and ALTUM, as well as […]