In its submission to the European Commission on the competitiveness of the banking sector in the European Union (EU), the Finance Latvia Association highlights that the competitiveness of both Latvia’s and Europe’s financial sector is weakened by additional national requirements that go beyond the framework established by EU directives and regulations. The European Commission is […]

The global geopolitical environment deteriorated sharply in March, marked by the culmination of yet another “Ginger Swan” event. Operation “Epic Fury” shifted from a largely speculative geopolitical narrative to a tangible supply side macroeconomic shock, notably impacting equity markets. As both sides exchanged threats, missiles and other military escalations throughout the month, the risk of […]

Luminor Bank has granted €1.35 million in financing to the metal processing company X Group. The credit line and long-term loan will be used for the acquisition of new production equipment, as well as to support working capital, in order to increase production capacity of metal structures and reinforcement elements and strengthen the company’s position […]

Signet Bank, a local bank focused on providing sustainable financing to Latvian entrepreneurs and businesses, has granted financing of EUR 5,850,000 to SIA Ventspils Saules Parks for the development of a green energy project. The financing will be used to construct a solar park and establish a battery energy storage system (BESS) on a 12-hectare […]