SIA Nordspace-Jurkalnes has secured EUR 1.2 million in financing from Signet Bank to implement the second phase of the smart storage complex development at Jūrkalnes Street 62, Riga. As part of the project, a new building with a total area of 1,786 m2 will be constructed adjacent to the existing facilities.  NORDSPACE provides smart business […]

Kārlis Mārtiņš Gulbis, Investment Analyst, Signet Bank Following highly geopolitically volatile spring, a June 14 U.S.–Iran framework has seemingly reopened the Strait of Hormuz, dragging oil lower and boosting consumer sentiment. However, market focus quickly soured over the month on a hawkish Fed pivot and continued valuation anxieties within the crowded AI trade. Reports of […]

Luminor Bank has granted €3 million in financing through a credit line to forestry company Timbro. As a result, the company’s total available credit facility has increased to €5 million. The financing will support the company’s growth plans and its ambition to double its revenue over the coming years by expanding several business areas and […]

Signet Bank has provided EUR 3.4 million in financing to SIA L 24 for the construction of two identical three-storey residential apartment buildings at 24 Lapu Street in Āgenskalns, Riga. The development will comprise 34 apartments, 35 underground parking spaces, and 21 storage units. The apartments are intended for short-term rentals. Construction commenced in April […]