Tuesday, April 14, 2026

Headlines

investment

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 […]

To buy or to wait? How to decide whether an apartment under construction is the right choice

Buying a home is one of the most important financial decisions in a person’s life, and most people are especially cautious when choosing an apartment that is still under construction or even before construction work has begun. This is a step that is often described as a risky lottery. Buyers most frequently worry about whether the building will really be constructed and completed on time, whether the promised result will match reality, and most importantly – […]

“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 state has more than recouped its investments in startups

With the state investing three million euros in startups, the growth of companies has been promoted whose total contributions to the state budget now exceed 52 million. This has been concluded in a study by the Latvian Startup Association, “Support that Pays Off”. The study describes a specific program that was financed by ALTUM but implemented by the fund Imprimatur Capital. From 2013 to 2017, the fund granted 50,000 euros to 60 early-stage technology teams […]

71.25% of DelfinGroup now belongs to INDEXO

Upon completion of the mandatory share buy-back offer, IPAS INDEXO will acquire a further 1,862,021 AS DelfinGroup shares, which is 4.09% of the total voting share capital of DelfinGroup. As a result of the share purchase, INDEXO will acquire 1,765,588 DelfinGroup shares, or 3.88% of the company’s capital, while as a result of the share exchange, INDEXO will acquire an additional 96,433 DelfinGroup shares, or 0.21% of the company’s capital. The mandatory share buy-back offer was made following the voluntary […]

Estonia’s market leader Ühisteenused acquires Cityparks Latvia

From 23 December 2025, the sole owner of Cityparks Latvija has become the Estonian parking operator AS Ühisteenused, which has acquired 100% of the company’s share capital. The financial terms of the transaction are not being disclosed. AS Ühisteenused is a market leader in Estonia, managing and supervising more than 1,000 paid parking lots in eight cities, including both open parking areas and multi-storey parking complexes. “Ühisteenused’s experience and […]

A residential quarter worth 32 million will be built in Jugla

Real estate developer Kaamos has started construction of the Riiti residential quarter at 11 Juglas Street in Riga. The project will feature five modern, nearly zero-energy apartment buildings ranging from four to nine storeys high, located near Lake Jugla. An investment of 32 million euros will be made in the implementation of the project, and its construction will be carried out by the Kaamos Group construction company Kaamos Construction. The residential quarter is planned to be completed by […]

ERGO acquires Gjensidige in the Baltics

ERGO International AG, which manages the ERGO Group’s international business portfolio, completed the acquisition of the non-life insurer ADB Gjensidige in the Baltic states on January 2. The full merger of the two insurers in the Baltics will take place gradually over the course of this year and is planned to be completed by the end of 2026. All existing insurance contracts with ADB Gjensidige customers will remain in force, and their coverage will not change. Customers will not have to […]

Alternative to traditional funeral services

To make composting of human remains the new normal in the funeral services industry, the company Return Home has attracted millions in investment. “Until now we simply got rid of human remains,” says funeral service provider Katie Houston. During the pandemic, from January 2020 to October 2022, more than a million people died from COVID-19, according to data from the Centers for Disease Control. […]

Potential not yet discovered

In recent years, Lithuanian business turnover in Latvia has become more noticeable. Data show that investments by entrepreneurs from neighboring countries in companies in Latvia, and the turnover of these companies, grow faster precisely during crises. In just the two years of Covid-19, the turnover of companies in Latvia owned by Lithuanians increased by 56%. But how are Latvians doing in the neighboring country? It was a sunny day in July when my colleague and I, delighted about […]