Latvia’s gas distribution system operator, Gaso, has registered its change of ownership in the country’s commercial register, GlobeNewswire reports. Under a deal signed in April 2023, Estonian privately-owned gas company Eesti Gaas (Elenger) acquired 100% of Gaso’s shares from Latvian gas company Latvijas Gaze for EUR 122mn. Gaso is Latvia’s only natural gas distribution operator.
The cargo turnover of Latvia’s sea ports totalled 3.4mn tonnes in the first half of 2023, which was 14.2% less than in the same period of 2022, according to data from the Ministry of Transport, Baltic News Network reports. The Freeport of Riga handled 9.6mn tonnes of freight, followed by the Freeport of Ventspils with…
Latvia’s Minister of Interior, Maris Kucinskis, has added three owners of the Ventspils-based confectionery producer, Pobeda Confectionery, to the list of foreigners banned from entering the country due to national security concerns, Baltic News Network reports. In March 2023, Latvia’s State Security Service (VDD) found that Russian confectionery producer Pobeda, which has the same owners…
The Investment and Development Agency of Latvia (LIAA) will provide EUR 73.38mn of support from EU structural funds for small and medium-sized enterprises, LSM reports. LIAA expects the programme to support a total of 1,500 innovative businesses. The Ministry of Economy said that the support programme would help businesses developing high-value-added products in the medium-high…
Latvia’s Riga International Airport (RIX) has opened its first helicopter landing area, LSM reports. RIX invested EUR 3.2mn in the heliport, with most of the financing coming from EU funds. The new heliport will allow helicopter traffic in parallel with other air traffic. Also, the heliport will help improve state and civil protection and disaster…
Latvia’s electricity transmission system operator, Augstsprieguma Tikls (AST), plans to invest EUR 509.8mn in the transmission network in 2024-2033, LSM reports. EU support will cover EUR 135.8mn of the total sum. AST will invest in the infrastructure and management technologies of the electricity transmission network to prepare for the synchronisation of the Latvian power grid…
The Bulgarian provider of business payment solutions, Payhawk, has opened an office in Lithuania’s capital, Vilnius, Invest Lithuania reports. The company has received an electronic money institution (EMI) licence from the Bank of Lithuania. Payhawk plans to hire a team of finance professionals to help accelerate product development at the new Vilnius office, which is…
Latvia’s Food and Veterinary Service (PVD) has confirmed African swine fever (ASF) at a farm with 48 domestic pigs in Kraslava municipality, LETA reports. The farm has been quarantined, and all 48 pigs will be destroyed. This is the fourth confirmed ASF outbreak at a farm in Latvia in 2023. The first was recorded in…
Lithuania’s Klaipeda State Seaport could ship around 10 million tonnes of Ukrainian grain per year, CEO Algis Latakas announced, BNS reports. However, the logistics of transporting the grain to the port remained complicated, he noted. If the issue of logistics was solved, the port could begin handling Ukrainian grain today, Latakas stated. Earlier, Transport Minister…