Tuesday, April 14, 2026

Headlines

investment

Experts note the Ministry of Finance’s inability to think long-term: several goals have already been met or cannot be achieved within the specified timeframe

The Ministry of Finance has submitted the FinTech development strategy for public consultation, which is in fact already outdated and does not correspond to the situation in real life, Inc.Baltics has found. The entire sector supports the development of the FinTech strategy as a document to adhere to and use for setting goals. Experts from the Riga Business School think tank “Baltic Finance Center” of Riga Technical University even took the initiative last year and, using the European Commission’s Recovery and Resilience Facility […]

The number of “startups” is growing, but not fast enough to reach the target

When the Saeima adopted the Start-up Support Law, one of the goals set was to create an ecosystem that would make Latvia the No. 1 country of choice in the Baltics for start-up founders, reminds a report by the Ministry of Economics, which is being reviewed by the government today. After almost eight years of the law being in force, it does not appear that this goal has been achieved. However, industry experts say that “things are not all that […]

25 companies are interested in MiCA licenses in Latvia: Lithuania, by issuing the first license, has attracted the US giant Robinhood

Five companies have applied for crypto-asset service provider licenses and are in the licensing process, while another 20 companies are in the pre-licensing consultation process. This was reported to Inc.Baltics by the Bank of Latvia. Meanwhile, by issuing a MiCA license to the US company Robinhood, the Bank of Lithuania has ensured that the financial technology giant will open its first representative office in Europe in Lithuania. While the giant Binance, based in the United Arab Emirates, […]

RUBRIG will borrow and expand – hopes to increase turnover by 75% within two years

The manufacturer of impact-absorbing rubber surfaces RUBRIG has borrowed 1.13 million euros from Luminor Bank to expand its production line, in order to increase its turnover by two million euros over the next two years, which would be 75% more than the company’s turnover last year. The company was founded in 2015 with the aim of offering high-quality, safe and visually appealing rubber surfaces. The company […]

Baltics-scale financier

Ownership rights and decision-making power in the largest companies in the financial sector allowed Forbes magazine to rank Maksims Mališko in the “40 under 40” list of success stories in finance. Although Maksims is not yet 40 years old, he has already achieved a lot in his career. Source of publication: Forbes Latvia, August 2021.

500 thousand for the search for a new Latvian “unicorn”

A study carried out in 2022 predicted that by 2030 there could already be five “unicorns” in Latvia, meaning companies valued at one billion USD. Three years on, we still have only one, however – in order to move closer to this goal, members of the Latvian business angel network have jointly invested 500 thousand euros in the Latvia-registered venture capital funds Buildit VC and Outlast Fund. It is possible that this – […]