Sunday, September 13, 2026

Headlines

investment

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 […]

Latvian forests owned by Swedes are being bought up by other Swedes – a company linked to IKEA

The investment and forest management company Ingka Investments has reached an agreement with Sweden’s largest forest owners’ association, Sodra, on the acquisition of 135,000 hectares of land in Latvia and 18,000 hectares in Estonia. Approximately 89% of this land consists of forest areas. The completion of the transaction is still subject to the approval of the relevant supervisory authorities. Ingka Investments is part of Ingka, the largest store operator of IKEA […]

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 […]

5.4 million euros will be invested in expanding the Spilva production plant

The food production company Orkla Latvia will invest 5.4 million euros in the sauces and ready-made meals brand Spilva production plant in Spilve, Babīte. The extensive investment plan envisages expanding the production building and modernizing the main production lines in order to ensure a rational production flow and automation possibilities, as well as to increase production speed and reduce staff workload. “Spilva’s most popular product types – mayonnaises and sauces […]

Valmiermuiža beer gives in: will be sold to Cēsu alus

At the end of August, the owner of Valmiermuiža Beer, Aigars Ruņģis, issued a statement in which, complaining about unfavorable conditions for the small brewery business, he questioned the usefulness of investing in development. Now the owner announces that he is ready to join Cēsu alus, which belongs to Finns. At the end of August, the owner of Valmiermuiža Beer, Aigars Ruņģis, issued a statement in which, complaining about unfavorable conditions for the small brewery business, he questioned the usefulness of investing in development. Now the owner […]

New opportunities for those rejected by banks: Flow has received authorization for crowdfunding

For new entrepreneurs who are often refused the necessary start-up funding by banks, there is now another option – the supervisory committee of the Bank of Latvia has granted SIA Flow permission to provide crowdfunding services. Now there are already five companies offering such services. Flow is registered in the register of crowdfunding service providers with the right to facilitate the granting of loans and to offer, through crowdfunding […]

LINEN receives a MIGA political and financial risk insurance guarantee for work in Kenya: it ensures investment security

The Latvian company LINEN has become the first Latvian company to be granted a political and financial risk insurance guarantee by a World Bank entity – the Multilateral Investment Guarantee Agency (MIGA) – for an international investment project in Kenya. MIGA’s support will be used to implement a 9 million US dollar investment project in Kenya, expanding the company’s operations in the logistics of animal feed raw materials and […]

Indexo and DelfinGroup are allowed to merge: Both will benefit

The Competition Council has adopted a decision to allow the merger, with IPAS Indexo acquiring decisive influence over AS DelfinGroup. IPAS Indexo, which is the parent company of the Indexo financial services group, is currently preparing to make a voluntary share buyback offer to the shareholders of AS DelfinGroup with the aim of obtaining a majority in the company’s capital. In addition to the approval of the Competition Council, the making of the offer still requires the consent of Indexo’s shareholders and […]