LIAA

Innovative biomass processing is becoming a success story for Latvia’s economy

On June 27, a delegation of Latvian entrepreneurs met in Brussels with Valdis Dombrovskis, Executive Vice President of the European Commission, and other EU institutions representatives to discuss the potential for advancing biorefinery projects. The visit is the next step after signing a Biorefinery Memorandum on 18 June. Biorefinery, as a method for biomass recycling, …

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Latvia’s Entrepreneurship World Cup entrant Birgermind is developing a brain-computer interface for users with paralysis of motor functions

On April 3, the Latvian national finals of the Entrepreneurship World Cup (EWC) took place, where five Latvian start-ups competed for the opportunity to get into the global finals in Riyadh, Saudi Arabia, to battle for a total prize pool of USD 1 million. According to the judging panel’s assessment, the winner in Latvia is …

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Estonian company Fibenol investing up to €700 million to develop a biorefinery in Latvia

On March 15, a Memorandum of Understanding was signed between the Estonian company Fibenol OÜ and the Ministries of Economy, Finance, Agriculture, Climate and Energy and the Investment and Development Agency of Latvia (LIAA) on the implementation of an investment project with a total investment of 600 to 700 million euros. “Coming from Estonia, we …

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Riga recognized as most dynamically developing city in Central Europe in the sector of business service centres

Riga has received the highest recognition in the “Dynamically Developing City in Central and Eastern European Region of the Year” award. In the awards ceremony of the prestigious competition CEE Business Service Awards 2024 held at the Polish capital Warsaw, Riga received five awards. The Riga-based business satellite center of biotechnology company Roche (Roche Services …

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Five Latvian companies to compete in the Entrepreneurship World Cup national finals

With the deadline for applications for the Entrepreneurship World Cup (EWC) now closed, the jury has shortlisted the five most promising companies for the Latvian national finals where the entrepreneurs will present their business ideas to the jury members. The winner of the Latvian national finals will then compete for the chance to be among …

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Latvia and Estonia lead the way in Baltic economic integration

Latvia and Estonia are driving Baltic economic integration, with Latvia experiencing a 30% surge in foreign investment since 2022. Key sectors include smart energy, bioeconomics, and ICT. Estonia leads in digital innovation with its e-residency program, contributing to regional development. Click here for full article.

Fokker Next Gen Plans to Launch Hydrogen-Powered Passenger Aircraft Production in Latvia

By signing a Memorandum of Cooperation with the Ministry of Economics, the Dutch company Fokker Next Gen is planning to develop a hydrogen aircraft project in Latvia, making a significant contribution to the development of the green energy cluster on the Kurzeme coast. Minister of Economics Viktors Valainis: “The implementation of the project will undoubtedly significantly …

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