AGP Executive Report
Last update: an hour agoRiga Finance & Energy: The EBRD’s annual Board of Governors meeting is underway in Riga, with EU Economy Commissioner Valdis Dombrovskis saying talks will focus on support for Ukraine and Moldova and how the bank is expanding globally, including technology priorities. Green Transition: EBRD also approved a €26m loan to Next Biogas (Host Group) to convert a Lēdurga biogas plant into a major biomethane facility, targeting grid injection and exports. Battery Boom: Rolls-Royce Power Systems and Sunly signed contracts for four Latvia battery energy storage projects totaling 490 MWh, with the first due in Q1 2027 and cybersecurity compliance cited as key. Defence Cooperation: Latvia and Ukraine are drafting a long-term deal to deepen work on drone tech, air defence, cybersecurity, and defence-industry integration. EU Border Politics: Latvia is among countries pushing the EU to tighten Schengen tourist visa rules for Russians, arguing current issuance remains too uneven. Local Business: Bank of Latvia approved LAU Infra Group’s IPO prospectus; subscriptions start June 10 ahead of Nasdaq Riga listing. Tech & Identity: iDenfy added Smart-ID to its identity verification platform for Latvia, Lithuania and Estonia.
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