Wednesday, April 15, 2026

Headlines

latvia

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 […]

They want to patch the budget by draining Latvenergo: It is proposed to leave only 10% of the profit

Contrary to what was planned during the preparation of the 2025 budget and approved in the Saeima, namely that state-owned enterprises would have to pay 70% of their annual profit into the state budget as dividends until 2027, the government has now put forward an initiative stipulating that, starting already next year, the amount to be paid out as dividends must be at least 90%. This is evidenced by the agenda of the Cabinet of Ministers meeting on 2 September […]

In Riga you have to reckon with some of the highest car parking rates in the Baltics: we even surpass Tallinn

Although Tallinn is often considered the most expensive capital in terms of parking, a comparison with the tariffs set by the Riga municipality shows that our capital has surpassed this benchmark. Parking in the center of Riga and in the Old Town has become a significant expense item for drivers. For example, the first hour in the Old Town costs 5 euros, but each subsequent one – already 8 euros, which means that for […]

Viada will become more attractive to drivers: It will also be possible to charge electric cars

In Latvia, the financially least successful fuel station owner – Viada joint stock company – has been given a chance for a boost by Latvenergo. The companies have agreed that by 2030, 134 Elektrum Drive charging points for electric vehicles will be installed at 55 of Viada’s 101 fuel stations. Company representatives made this announcement while opening the first electric charging station in Jēkabpils, at 6 Varoņu Street. Four are already available there […]

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 […]

State budget: in ten years there has not once even been a planned reduction of budget expenditures

Over the past ten years, the state budget has never once included a planned reduction in expenditures, and the government has also never been able to plan the budget realistically. Every year the state has spent 1.5 to 3.6 billion euros more than was planned when preparing and adopting the state budget, according to data from the Saeima, the Ministry of Finance and the State Treasury. The Cabinet of Ministers has now once again […]

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 […]

Revolut becomes more family-friendly: Two paid plans, one reduced price

The global financial app Revolut, which has more than 400,000 users in Latvia, today announced the launch of a new program – Duo – in Latvia. The new offer allows two users to enjoy all the benefits of a Revolut plan at a reduced total price, providing premium-level features while maintaining the autonomy of each individual account. Revolut Duo is intended for family members or partners who want to share […]

Those living next to aggressor states want a special law for themselves: Without it, the border region will die out

A special law to ensure the operation of municipalities in the eastern border area is not only to be supported, but is necessary. This is the view of the heads of the borderland municipalities. The idea of the need for such a law was put forward by the Chairman of the Latvian Association of Local and Regional Governments, Gints Kaminskis. He acknowledged that people, of course, live throughout Latvia, but in the border area one has to face enormous challenges in providing services. In addition, the specifics of the region must also be taken into account […]