Wednesday, April 15, 2026

Headlines

latvia

Those involved are worried about the elimination of the “trough”

“The Civic Alliance–Latvia is concerned about the ZZS proposal to liquidate the Society Integration Fund (SIF),” such a report appeared four days ago in the Latvian Public Media. In the organization’s view, such a proposal can be regarded as an attempt to weaken civil society, participation, and the independent mass media environment, as it fits into a broader trend of restricting democratic processes in Latvia. Inc. investigated what the Civic Alliance intended by this […]

“Delska” is building the most powerful infrastructure in the region

At a time when the volume of company data is literally exploding, IT continuity and secure data storage are becoming a critical prerequisite for business growth. Latvian data center operator “Delska” (formerly DEAC), which has recently attracted substantial investments from a Luxembourg fund, is responding to this demand by building the most powerful data center in the Baltics. The new data center in Riga, on Latgales Street with a total capacity of 10 MW, will become […]

The enchanted cycle of heat

The heating season is just around the corner, and residents of Riga will again pay more for heat. Politicians, who face Saeima elections next year, have suddenly set about trying to reduce heating tariffs in Riga, but their little blanket of populism is more likely to tear than to reach the goal – all because short-term solutions have been made the priority for their own aims and interests, instead of tackling the root of the growing problem. However banal […]

Technology created in Latvia makes it possible to mine Bitcoin and produce heat at the same time

The Latvia-founded company Power Mining has this year created a unique data center that converts the heat generated during Bitcoin mining into district heating energy. This technology makes it possible to recover up to 95% of the heat produced by servers and transfer it into the city’s heating network, providing heating for approximately 2,000 households. In Europe, data centers already consume more than 3% of the continent’s total electricity, and […]

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 […]

The Competition Council has imposed a 1.8 million euro fine on Maxima

The Competition Council has imposed a fine of 1.8 million euros on one of the largest food retail companies – Maxima Latvia – for unfair trading practices. The company will appeal this decision in court. “Maxima Latvia today received the decision of the Competition Council, in which the company is accused of, in certain cases, not agreeing to the commercial terms offered by suppliers. Maxima Latvia categorically disagrees with the interpretation of the Competition Council. Latvian legislation […]

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 […]