Events, data and analysis from the Baltic economies
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Foreign capital registered in the share capital of Latvian companies has increased by €1.05 billion since the beginning of 2026, reaching €13.58 billion. But the headline number should not be read as €1.05 billion of new foreign direct…
Latvian cosmetics producer Madara Cosmetics is concentrating investment on Europe after an attempt to expand through US e-commerce proved too expensive. The US experiment in 2025 cost several hundred thousand euros and had a negative impact on EBITDA,…
Venipak is increasing capacity across its Baltic parcel network while its acquisition by DHL awaits regulatory approval. The company says it is investing more than €2.5 million in Baltic infrastructure this year. In Latvia, capacity at its busiest…
Latvian defence technology company ORIGIN and US-based Anduril have signed a memorandum to explore integrating ORIGIN’s BLAZE autonomous interceptor drone with Anduril’s Lattice command-and-control platform. The companies plan to conduct joint testing, demonstrations and validation in Latvia. The…
Estonia’s government has agreed to target a 4% of GDP budget deficit in 2027, down from 4.9% projected in the spring and 4.4% in the summer forecast. Reaching the new target means spending around €250 million less next…
The EBRD has raised its 2026 GDP growth forecasts for Latvia and Estonia to 2.4%, while leaving Lithuania’s forecast unchanged at 3.0%. Compared with the Bank’s June outlook, the Latvian forecast is up from 2.0% and the Estonian…
Estonian renewable-energy developer Sunly has opened a 54 MW solar park near Matīši in northern Latvia, the first operating part of a larger hybrid energy project combining solar, wind generation and battery storage. The wider project is expected…
Lithuania’s government has approved legislative amendments aimed at expanding the role of alternative investment funds in financing companies and long-term projects, as Vilnius seeks to reduce the economy’s dependence on traditional bank lending. Alternative investment funds already channel…
The Port of Klaipėda has launched the main construction tender for its southern expansion, moving Lithuania’s largest port development project towards creation of 100 hectares of new territory and 1.3 kilometres of new quay infrastructure. The new area…
Fitch Ratings has downgraded airBaltic’s Long-Term Issuer Default Rating to D, following the Latvian airline’s decision to enter Chapter 11 financial reorganisation in the United States. In Fitch’s methodology, a D rating applies to an issuer that has…
Latvia’s government has approved a 71-measure plan aimed at tightening immigration controls, including future quotas for third-country nationals, restrictions on foreign students and changes affecting foreign workers and residence permits. One of the main measures is to establish…
Latvia is preparing its road transport legislation for the full implementation of the EU electronic Freight Transport Information system, or eFTI, from 9 July 2027. From that date, authorities across the EU will be required to accept regulatory…
Wholesale electricity prices fell sharply across the Baltic region in the second half of last week as wind generation recovered. Between 14 and 20 September, Lithuania’s average Nord Pool price declined by 16%, from €114/MWh to €96/MWh. Latvia…
Estonia exported 74,648 tonnes of domestically caught fish and Estonian-origin fish products in 2025, with frozen Baltic herring and sprat forming the core of the trade. Frozen fish alone accounted for 45,958 tonnes. Baltic herring made up 53.2%…
Latvia has significantly eased access to its support programme for research-based startups, increasing public co-financing from 50% to 80% and widening eligibility to technologies that have reached TRL 8. The revised rules also allow Latvian branches of foreign…
Estonian transmission system operator Elering is preparing the electricity grid to connect around 1,500 MW of new generation capacity, while reinforcing connections around the country’s largest centres of electricity demand. The change is driven less by a large…
Beekeepers in both Latvia and Estonia are reporting a good honey season in 2026 after a much weaker harvest last year. In Latvia, the Beekeepers’ Association describes this year as successful and estimates that the country is capable…
Tallinn Airport is starting a €66.6 million expansion of its passenger terminal after passenger volumes moved well beyond the capacity for which the existing building was designed. The terminal was originally designed for around 2.8 million passengers a…
Estonia is considering postponing completion of its Rail Baltica section from 2030 to 2034 as part of the government’s 2027 budget talks. Prime Minister Kristen Michal said Estonia remains technically capable of completing the railway by 2030, but…
Lithuanian state-controlled companies are investing an additional €33.6 million into the structure participating in Rheinmetall’s ammunition plant project in Radviliškis district. Energy group EPSO-G will contribute €17.13 million, while state investment company Valstybės investicinis kapitalas will provide €16.46…