Events, data and analysis from the Baltic economies
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Estonia’s goods imports increased by 10% year on year in August 2026, while exports grew by just 3%, according to Statistics Estonia. Imports reached €1.84 billion and exports €1.48 billion, leaving a trade deficit of €360 million. Higher…
A Lithuanian-owned wind park near Liepāja has been ordered to stop its turbines after 18 protected bats were found dead around the site within two weeks — twice the threshold set for the testing phase. Latvia’s Nature Conservation…
PhotoBaltic investment divides between delivery and delay A Lithuania-built satellite reached orbit, the 363 km Vilnius–Klaipėda railway completed electrification testing, and a €200 million shopping-centre acquisition moved closer to completion. At the same time, a Baltic property fund…
Estonian autonomous vehicle developer Auve Tech and aircraft maintenance company Magnetic MRO have moved their shuttle service at Tallinn Airport to operations without a safety operator inside the vehicle. The companies demonstrated the new operating mode on 7…
Lithuania’s Environment Ministry has proposed allocating €11.314 million to support companies purchasing new low-emission commercial vehicles. The proposed scheme would cover electric, hydrogen-powered and biomethane vehicles in the N1–N3 and M2–M3 categories, including vans, trucks and buses. Support…
Annual HICP inflation August September Lithuania 5.6% 6.1% Estonia 1.3% 3.0% Latvia ~3.0% ~2.9% Euro area 3.2% 3.8% Lithuania remained the clear Baltic inflation outlier in September, with annual HICP inflation at 6.1%, compared with 3.0% in Estonia…
PhotoLithuanian investment fund Capitalica Baltic Real Estate Fund I has reported investor subscriptions of €2.015 million in the third tranche of its bond offering, attracting 141 investors. Nasdaq Baltic has approved the admission of an additional €2 million…
Lithuanian investment company Tewox has announced the completion of a new grocery retail property at Tunelio Street 4A in Vilnius, developed through its managed company Esulda. According to the developer, the project involved investment of approximately €6 million…
Sun Investment Group and Eternia Solar have proposed extending their bond maturities by six months, citing delays in project implementation and expected cash inflows. Sun Investment Group proposes moving its repayment deadline from 29 November 2026 to 29…
Lithuania’s GDP reached €85.1 billion in 2025, with real economic growth of 3.0%, according to the latest annual national accounts estimate. The previous quarterly-data estimate had put GDP at €84.3 billion and growth at 2.9%. 2025 change Information…
Construction has begun on a new progymnasium in the Pavilnys district of Vilnius. The nearly 11,000 m² complex will include 32 classrooms, laboratories, sports facilities, a four-lane 25-metre swimming pool and a 1,126 m² shelter. The school is…
A satellite developed and tested in Vilnius has successfully reached orbit and established contact following its launch aboard SpaceX’s Transporter-18 mission. The First Customer Link satellite is a demonstration stage of NanoAvionics’ €122.5 million contract with Meridian Space…
International IT company ELEKS has acquired a controlling stake in Tallinn-based software developer ADM Interactive. Financial terms of the transaction were not disclosed. ADM’s existing shareholders and management will remain involved in the company, while ELEKS says it…
In 2025, almost everything in Latvia was shrinking: the population, births, remigration, immigration and even the number of deaths. Yet employers and universities continued to draw thousands of people from abroad. Their numbers are far too small to…
PhotoRyanair says it could significantly expand its Baltic operations if airport charges are reduced, including potentially increasing its Lithuania-based fleet from four to eight aircraft. The airline has also spoken of potential investment of around €1.6 billion across…
INVL Private Equity Fund II and Tesonet have completed the acquisition of Lithuanian private education network Šiaurės licėjus after receiving competition clearance. The acquired business includes two schools, three kindergartens, a swimming pool and an extracurricular education centre,…
Estonian media group Ekspress Grupp, through LT Screens, has completed the acquisition of 100% of Lithuanian outdoor advertising operator LT Advert. LT Advert operates more than 400 advertising locations across over 60 Lithuanian cities and employs around 25…
Lithuania has completed dynamic testing of the newly electrified Vilnius–Klaipėda railway corridor, including the final Radviliškis–Klaipėda section. The 363 km project, previously valued at about €457 million, includes more than 900 km of overhead contact lines. Once certification…
Lithuania will cut domestic train fares by 50% from 9 October until the end of 2026 as the government responds to sharply higher fuel prices. The same discount is planned for intercity buses from 1 November, subject to…
Lords LB Asset Management has cancelled the public offering of Baltic Core Property Fund units in Lithuania, Latvia and Estonia after investor demand proved insufficient. The fund had offered up to 35 million units at €1 each during…