The European Investment Bank (EIB) group, which also includes the European Investment Fund (EIF), provided Latvia with loans totaling 381 million euros last year, the LETA agency was informed by the EIB.
Loans contribute to strengthening Latvia's energy sector and water resource management system, as well as expanding access to financing for small businesses, farmers, exporters, and students, the bank reported.
Latvia is among the countries receiving the highest funding from the EIB group, in relation to the volume of loans issued and the size of the national economy, the EIB noted. Last year, EIB loans in Latvia amounted to 0.9% of the country's gross domestic product (GDP). This support helped attract investments totaling around 1.3 billion euros, which is equivalent to 2.9% of GDP or 682 euros per capita.
Over the past five years, the volume of lending to Latvia by the EIB group averaged 195 million euros per year.
In 2025, "green" investments dominated, accounting for nearly 90% of all activities. Of the total volume of loans issued to Latvia by the organization last year, more than 305 million euros came from the EIB and over 76 million euros from the EIF.
The largest share of loans last year was directed towards the development of energy and infrastructure. "Latvenergo" is using a 200 million euro EIB loan to modernize the distribution network to ensure more stable electricity supply and prepare the network for the use of renewable energy sources.
A loan of 35.2 million euros will allow the company "Sunly" to create four more solar parks with a total capacity of 329 megawatts (MW), which will provide energy to up to 180,000 homes.
In the water supply sector, a loan of 70 million euros provided to the enterprise and "Rīgas ūdens" will enable the modernization of the capital's water supply network and reduce water losses.
