Which Belarusian businesses entered the top-501 largest companies in Latvia
Four companies founded by Belarusians entered the top-501 largest businesses in Latvia based on the results of 2025. In total, about 450 legal entities in which Belarusians have invested are currently registered in this Baltic country, writes economic observer Vadim Syakhovich.
The highest place among Belarusian companies in the ranking, which is compiled annually by crediweb.lv, was taken by the Daugavpils manufacturer of digital sights, Pulsar Optics, established in 2020. The company ranked 190th. Its revenue amounted to 58.8 million euros, although this is almost 30% less than the previous year.
Pulsar Optics is part of the Yukon Advanced Optics Worldwide group with its main office in Vilnius, the main owners of which are the heirs of Alexander Olshevsky.
Unlike Pulsar Optics, the other Belarusian participants in the top-501 increased sales last year.
Asbis Baltics, established in 2007 and a subsidiary of the Cypriot Asbis Group, saw its revenue grow by 16.3% to 46.7 million euros. In the ranking, the company climbed almost 50 positions and took 248th place.
Not far from it, at the 288th position, was LV System Service, a distributor of medicines for humans and animals, established in 2013. Anton Klimantovich's business sold products worth 40.8 million euros last year — a growth of 8.7%. The company has offices in Belarus, Georgia, and Armenia.
Finally, Medibridge entered the new ranking, taking 493rd place. Since 2008, it has been supplying medical equipment to Eastern markets. In 2025, Sergey Polishchuk's business sales volume grew by 11.6% and reached 24.6 million euros.
Rimi Latvia holds the first place in the top-501 for the second year in a row with a revenue of 1.2 billion euros. The top five also included Maxima Latvia — 1.1361 billion euros, Latvenergo — 949.8 million, Air Baltic Corporation — 775.3 million, and IT product distributor Elko Grupa — 667.5 million euros.
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