Saturday, June 13, 2026

Headlines

investment

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 […]

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 […]

Investment price: one Estonian is guaranteed timber for ten years without an auction, at the agreed price

The Estonian company Fibenol, which plans to build one of the most modern biorefinery plants in Europe in Valmiera, promising to invest up to 700 million euros in it, is trying to reach an agreement with the Latvian government on more favorable conditions for purchasing pulpwood. The company wants to buy 300 thousand cubic meters of birch pulpwood per year from “Latvijas Valsts meži” without an auction and at an agreed price. This fact was reported this spring […]

Financial Times ranks Eleving Group 57th among the fastest-growing European companies of the last decade

Eleving Group, an international financial technology company listed on the Frankfurt and Riga stock exchanges, is ranked 57th in the overall “Europe’s Long-Term Growth Champions 2025” rating and 1st in the financial technology, financial services, and insurance category. Eleving Group is the only company from Latvia included in the list. “Eleving Group is currently operating in 17 countries worldwide. Over the past decade, we have strategically expanded […]

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 […]

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 […]

The largest shareholder of APF Holdings is establishing a new international food production group of companies, Agrova International

APF Holdings (hereinafter – APF), which includes one of the largest poultry and egg production companies in Latvia, SIA Alūksnes putnu ferma, whose largest shareholder is Jurijs Adamovičs, has established a new food production group, Agrova International, with the aim of becoming a rapidly growing European-level producer of poultry, eggs, and innovative egg products. Agrova International has taken over from Jurijs Adamovičs […]

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 […]