RIGA PLANS PASSENGER BOAT SERVICE BETWEEN BOLDERĀJA AND VECMĪLGRĀVIS
The five-month pilot is expected to launch in April 2027, with two morning and two evening trips in each direction. Tickets will cost €1.50, matching Riga’s public transport fare. The pilot will test passenger demand and help determine whether water transport could become part of the city’s public transport system.
Source: Riga City Council
TRANSPORT & INFRASTRUCTURE
RIGA’S STANDARD-TYPE APARTMENT PRICES UP 7.4% THIS YEAR
The average price of standard-type apartments in Riga’s neighbourhoods has increased by 7.4% since the beginning of 2026, reaching €963/m². Imanta recorded the strongest growth (+12%), while Teika remains the most expensive district for this housing segment.
Source: Arco Real Estate
DATA
PHARMACEUTICAL LOGISTICS CENTRE RISES IN RIGA
Latvia’s Recipe Plus is developing a 13,800 m² automated pharmaceutical logistics centre in Riga. Scheduled for completion in mid-2027, the project is expected to strengthen medicine supply security and become the most advanced pharmaceutical distribution hub in the Baltics.
Source: Recipe Plus
PROJECTS
NEW DEFENCE OPTICS PLANT TO BE BUILT NEAR TALLINN
Estonian company Hevi Optronics will build a new production facility in Tabasalu near Tallinn, bringing research, testing and manufacturing under one roof. The project will expand production capacity, create new jobs and support growing European demand for defence technologies.
Source: Hevi Optronics
PROJECTS
DOMINANTE PARK INVESTS €4M IN MODERNISATION AND ENERGY EFFICIENCY
Dominante Park has invested more than €4 million over the past two years to modernise its industrial park. The programme includes solar power, energy storage systems, renewable heating solutions and infrastructure upgrades to improve energy independence and reduce operating costs.
Source: Dominante Park
PROJECTS
€2M TO RESTORE DURBE MANOR’S HISTORIC SERVANTS’ HOUSE
Tukums Municipality will invest €2 million to restore the historic servants’ house at Durbe Manor. The project will preserve the national cultural monument while creating new museum spaces, public services and visitor facilities. Completion is planned within ten months.
Source: Tukums Municipality
NEWS
€25M REGIONAL CYCLE NETWORK COMPLETED AROUND RIGA
Three regional cycling routes linking Riga–Ulbroka, Riga–Babīte–Piņķi and Riga–Ķekava have been completed with a total investment of €25 million. The project adds 17.4 km of new cycling infrastructure, strengthening connections between Riga and neighbouring municipalities.
Source: Riga City Council
TRANSPORT & INFRASTRUCTURE
VILNIUS RECORDS FIVE-YEAR HIGH IN NEW HOUSING SUPPLY
Vilnius’ primary housing market has reached a five-year high in the supply of new apartments. Despite the growing number of homes on the market, prices continue to rise, reflecting resilient demand.
Source: Ober-Haus
DATA
UNISEND OPENS NEW LOGISTICS CENTRE IN LATVIA
Parcel delivery network Unisend has invested nearly €2 million in a new logistics centre in Dreiliņi, Riga. The 4,313 m² facility is equipped with automated sorting technology capable of processing up to 60,000 parcels per day, strengthening the company’s operations across the Baltics.
Source: Unisend
PROJECTS
SIRIN DEVELOPMENT TRIPLES BALTIC CONSTRUCTION VOLUME
SIRIN Development will invest €61 million in new logistics parks across the Baltics this year, developing 126,000 m² of industrial space. Latvia is the company’s fastest-growing market, with 44,500 m² scheduled for completion at SIRIN Park Airport and the new SIRIN Park Dreiliņi.
Source: SIRIN Development
NEWS
