News not to be missed

The insurance company BALTA filed a claim against the Latvian company UNITRUCK, which specializes in truck conversions. BALTA sought damages of nearly EUR 469,000, in addition to statutory default interest, following a truck fire during the warranty period. COBALT’s client,..

The Danish renewable energy developer European Energy has secured EUR 68 million in financing to construct a 148MWp solar farm in Latvia. The financing package comes from a consortium of financial institutions, including the Nordic Investment Bank (NIB), Luminor Bank,..

Lidl Latvija SIA has finalized the sale of its newly-built property located at Lapsu street 6 in Riga to VK 47 SIA for 8.315 million euros.  Under the terms of the agreement, Lidl will remain in the building as a..

Real estate developer and manager Linstow Baltic has selected Snabb as the new parking operator for all its properties in Riga.   Snabb’s expansion into Riga will introduce major innovations. License plate recognition cameras will replace traditional ticket terminals, and contactless..

The Austrian HS Timber Group has acquired 100% of the shares of Latvian wood processing company Vika Wood SIA from its Swedish owner, Bergs Timber AB. Based in Vienna, HS Timber Group is one of the leading wood processing companies..

The Ministry of Transport of Latvia, airBaltic, and Lufthansa Group have announced the signing of an agreement for Lufthansa Group to invest EUR 14 million in airBaltic to acquire a minority stake and the Supervisory Board seat.  In return for..

Volvo Truck Latvia SIA has opened a new service center in Daugavils. The center will, provide comprehensive Volvo transport solutions for owners of medium and heavy-duty trucks.  The new facility offers a full range of services, catering to the diverse..

The Supreme Court affirmed the decision of the Tallinn Circuit Court to support MTÜ Eesti Roheline Rist’s claim to revoke the construction permit for the planned soybean oil factory in Muuga port. The case involved other key stakeholders such as..