Netherlands’ Ingka Investments to become Latvia’s largest private forest owner
The Swedish forest owners’ association Södra will sell its Baltic land holdings — a total of 153,000 hectares — for €720 million to…
Category: Business
Ventspils Freeport’s sector-oriented investment strategy receives international recognition
Each year, the UK-based international investment publication fDi Intelligence releases its “Global Free Zones of the Year” report, evaluating the performance and impact…
Cargo volume at the Port of Ventspils increases by 15% in nine months
In the first nine months of 2025, terminals operating at the Freeport of Ventspils handled a total of 6.5 million tonnes of cargo,…
RB Rail management warns: without state funding, Rail Baltica oversight is at risk
The Baltic states must urgently agree on a clear financing model for the joint venture AS RB Rail, otherwise the oversight of the…
Ports will not return to former levels: Štrodaha on new business models
Cargo turnover in Latvian ports is unlikely to return to its previous levels in the coming years, Elīna Štrodaha, a board member of…
Latvia partners with German giant Rheinmetall on 275 million euros artillery ammunition plant
On Thursday, a memorandum of understanding was signed in Germany for the establishment of a Rheinmetall munitions factory in Latvia, Prime Minister Evika…
Latvia loses 67 million euros to contraband cigarettes – consumption rising rapidly
Losses to the state budget from illicit cigarette trade reached 67 million euros in 2024, marking a 31% increase compared to the previous…
Analysts predict a drop in oil prices this fall
Various analysts believe that September will bring several factors that will lower crude oil prices on the world market. Although at the end…
Caught and fined: Competition council uncovers construction cartel and imposes half-million euro penalty
The Competition Council (KP) has imposed a total of 513,508 euros in fines on the companies Adapteris, Alpex, Infrakom, Siltumtehserviss, and Apkure IM…
