Tuesday, April 14, 2026

Headlines

agribusiness

By 2028, Agrova Baltics will switch to 100% cage-free egg production. A new investment program worth 30 million euros will be launched in Alūksne

The Latvian food production company group AS “Agrova Baltics” (part of the “Agrova International” holding) has decided to switch to 100% barn-laid egg production at the “Alūksne poultry farm”. The company plans to complete this by 2028 inclusive, thereby becoming the first egg producer in the Baltics to fully implement this transition. The decision was made in response to rapidly growing demand in export […]

“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 […]

The power of retailers over suppliers is decreasing

The Saeima’s Economic, Agricultural, Environmental and Regional Policy Committee has put forward amendments to the Unfair Commercial Practices Prohibition Law. The Committee intends to prohibit retailers from unilaterally imposing sanctions on suppliers and to stipulate that the payment term for fresh vegetables and eggs must not exceed 20 days. The law amendments were drafted after the Competition Council, in relation to the Unfair Commercial Practices Prohibition Law […]

Wants to restrict solar panels on agricultural land

Members of the Saeima faction of the United List want to achieve amendments to the law “On Land Privatization in Rural Areas”, which would significantly restrict the placement of solar panels on agricultural land. Such a draft law has been submitted to the Saeima Presidium. According to the intention of the draft law’s author, Edgars Putra, it should be prohibited to install solar panels on agricultural land if its quality assessment is higher than 30 points and the solar panels would occupy […]

Egg producer consolidates brands

The Latvian poultry and egg product manufacturing group AS APF Holdings, which includes the Alūksne poultry farm, is changing its legal name to AS Agrova Baltics and will henceforth be part of the Agrova group brand, which will also include the UK poultry company Sunrise Eggs, acquired in November 2025. The Agrova brand will henceforth unite several companies whose largest shareholder is AS Agrova […]

Mushroom hunting in your office

Līga and Uģis Zemturis grow mushrooms in their office and then sell them both fresh and processed as a source of vitamins. Right there you can also enjoy a nine-course dinner paired with wines selected by Raimonds Tomsons. What do a financier and a model have in common? Mushrooms, of course! Fashion industry professional Līga Zemture and financier Uģis Zemturis are building a joint business – growing Japanese Eringi […]

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. […]

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 […]

Farmers’ Saeima: The result of the “Valainis memorandum” is a more challenging cooperation with supermarkets

In the assessment of the Farmers’ Saeima association, the memorandum on reducing food prices, which was signed this spring by the Ministry of Economics (EM), retailers, and food producers, has so far not delivered the promised result. Member of the board of the Farmers’ Saeima association, Mārtiņš Trons: “Politicians stirred the air, but there is still no result or visible benefits. Quite the opposite – cooperation between farmers and retailers has become even more challenging.” By signing the memorandum on reducing food prices […]

Industrial construction – the real economic indicator

One of the most accurate barometers of Latvia’s economic health is industrial construction – the development of factories, warehouses, logistics centers, and agricultural infrastructure. These facilities are not built impulsively. They are created only when developers – entrepreneurs – feel safe and stable in the long term. Such projects require lengthy planning, large-scale investments, and confidence that business development will be stable not only today, but […]