Events, data and analysis from the Baltic economies
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In October 2024, wholesale electricity prices were almost identical across the three Baltic states. Two years later, Estonia is trading at a substantial discount to Latvia and Lithuania, which continue to move almost in lockstep. September’s results confirm…
PhotoEstonian energy-storage company Skeleton Technologies has joined the ranks of Europe’s unicorns after a new investment led by German industrial group Siemens lifted its valuation above $1 billion. The deal also gives Skeleton an exclusive global sales partner…
PhotoAmber Latvijas balzams, the historic producer of Riga Black Balsam, is facing possible bankruptcy after creditors rejected its restructuring plan and Latvia’s tax authority froze its bank accounts again. The future of one of the country’s largest spirits…
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…
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…
PhotoThe Baltics entered October with two economic stories running in parallel. Private and EU-backed investment continues to add industrial and energy capacity, while governments face a structurally heavier bill for defence and infrastructure. Debt is not yet a…
Lithuania’s mass withdrawal from the second pension pillar has revived familiar concerns about financial literacy, short-term consumption and inadequate retirement savings. SEB’s latest pension study describes the first half of 2026 as a financial-literacy “exam” and reports that…
PhotoLithuania has already locked in a broad package of additional taxes. Estonia enters 2027 after two years of higher taxes, selected benefit restrictions and higher user charges, while putting more of the next adjustment on the expenditure side.…
PhotoLatvia has allocated €3.2 million in public funding this year for measures promoting investment and exports. Meanwhile, MiTek Industries, part of Warren Buffett’s Berkshire Hathaway group, says its new Latvian company has spent four months trying to obtain…
PhotoTThis week airBaltic’s Chapter 11 reaches its next important checkpoint. Objections to the final DIP financing order are due on October 2, ahead of the final hearing on October 9 in the U.S. Bankruptcy Court for the Southern…
PhotoThis week’s Baltic Focus Weekly Brief looks at labour-market pressure across the three Baltic states, alongside new investment, housing, energy, defence and transport signals. The common constraint is becoming clearer: people, financing and capacity.
From Palantir and Anduril to Onodrim and Isengard, names associated with J.R.R. Tolkien’s Middle-earth are becoming increasingly visible in the Baltic defence ecosystem. Behind them are AI platforms, interceptor drones, missiles, production plans and agreements involving millions of…
PhotoHousing prices continued to rise across the Baltic states in the second quarter of 2026, but the three markets are increasingly moving in different ways. According to the national statistical agencies, Lithuania recorded the fastest annual increase at…
PhotoEstonia plans to complete the Tallinn–Pärnu section of Rail Baltica by 2032, followed by Soodevahe–Muuga in 2033 and Pärnu–Ikla in 2034, according to the timetable presented by Prime Minister Kristen Michal. The slower construction schedule is also a…
Shrimp alone accounted for more than 12% of Estonia’s fish and seafood export volume in 2025. According to Statistics Estonia, the country exported 9,406 tonnes of shrimp. For a country on the Baltic Sea, that raises an obvious…
PhotoairBaltic’s Chapter 11 filing and Ryanair’s new Baltic proposal turned aviation capacity into one of the week’s biggest regional questions. At the same time, diesel prices kept rising across all three Baltic capitals even as wholesale markets began…
PhotoFor a while, drivers of combustion-engine cars could afford not to think too much about fuel prices. By autumn, that luxury was gone, and wondering what comes next had returned to the morning menu somewhere between the news…
PhotoRyanair is not simply offering the Baltics more flights. It is positioning itself for part of the market being left open as airBaltic restructures and reduces capacity. From Riga alone, airBaltic’s Winter 2026/27 programme drops Faro, Kittilä, Ljubljana,…
PhotoairBaltic has entered a US court-supervised Chapter 11 restructuring after months of attempts to stabilise its finances. Flights continue and the airline has commitments for €350 million of new financing. The procedure now has to answer a more…
PhotoŠkoda Group has bought 36% of L-Ekspresis
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