Events, data and analysis from the Baltic economies
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More than a third of Estonian enterprises are now using artificial intelligence, according to new data from Statistics Estonia. In 2026, 34% of enterprises reported using at least one AI technology, up from around 23% a year earlier.…
Lithuanian defence technology company RSI Europe plans to invest up to €50 million in a new defence systems production facility in Panevėžys district. The project is being developed under a large-scale investment agreement with Lithuania’s Ministry of Economy…
Lithuanian investment manager Prosperus Asset Management has agreed to acquire the Ozas shopping and entertainment centre in Vilnius from NEPI Rockcastle for €200 million, in one of Lithuania’s largest commercial real estate transactions. The acquisition is being made…
Latvia has decided to procure Czech-made 155 mm Morana self-propelled artillery systems from Excalibur Army, replacing an earlier plan to acquire Swedish Archer systems. The government had previously backed the purchase of 18 Archer howitzers, but the Defence…
Estonia will carry out a national-security assessment of the six candidate sites being considered for a planned nuclear power plant in Viru-Nigula and Lüganuse municipalities. The Ministry of Defence, Defence Forces and Centre for Defence Investments will assess…
Latvia will bring non-bank consumer lenders under the supervision of Latvijas Banka from 1 January 2027, after parliament approved the reform package in its final reading on 17 September. The central bank will take over licensing and supervision…
A Lithuanian court has given aviation maintenance company Aviabaltika until 31 December 2026 to demolish its buildings and remove the remaining materials from the territory of Kaunas Airport. The buildings had previously been due for removal by 9…
Transport has emerged as the highest-risk business sector in both Latvia and Lithuania, while Estonia’s main vulnerability is concentrated in the chemical industry, according to Coface’s new CEE Sectorial Heatmap 2026. In Latvia, Coface also sees increasing credit…
ORLEN Lietuva has secured enough crude to maintain most of its maximum refinery production despite disruptions to Saudi Arabian supplies, according to Lithuanian Energy Agency head Agnė Bagočiutė. Three September crude cargoes are arriving from alternative suppliers in…
Estonia has set out its initial priorities for the next EU funding period, proposing that 19% of its future European funding package should go to security and crisis preparedness. The government is working with an indicative envelope of…
Estonia’s Enefit Power is seeking permission to use locally produced shale oil as a temporary backup fuel for district heating in Narva during the 2026/27 winter. The company has fixed the price for around 120 GWh of natural…
Lithuania has completed a major electricity connection for the €3.5 billion Teltonika High-Tech Hill project in Vilnius almost a year ahead of the original deadline. The new Kuprioniškės transformer substation can provide up to 58 MW of capacity…
Poland has signed a PLN 4.08 billion net contract to modernise the Białystok–Ełk section of Rail Baltica, moving one of the largest remaining Polish sections of the corridor into the construction phase. PKP Polskie Linie Kolejowe signed the…
Global tugboat operator Boluda Towage has established a company in Lithuania as it explores possible operations at the Port of Klaipėda. Boluda Towage Lithuania was registered in Vilnius on September 14 by the group’s Dutch entity Boluda Finance.…
Vilniaus Duona, part of Sweden’s Lantmännen Unibake group, has started producing three new portion-bread products in Vilnius for export to Denmark.
Latvia-based equipment rental group Storent Europe has raised €12.96 million in a public bond offering across Latvia, Lithuania and Estonia, exceeding its initially planned €10 million issue.
A growing number of Estonian restaurants are closing despite sector turnover continuing to rise, pointing to a profitability problem rather than a simple collapse in demand.
NATO fighter jets have shot down a drone that entered Lithuanian airspace from the direction of Belarus, triggering air alerts and temporary restrictions at Vilnius Airport.
London-listed minerals group SigmaRoc has agreed to acquire Lithuanian dolomite producer AB Dolomitas for €110 million, strengthening a Baltic platform that already includes operations in Lithuania, Latvia and Estonia.
Latvia / Baltics · Energy / M&A · 11 September 2026 Latvenergo has opened a public selection process for wind or hybrid power projects with a combined capacity of up to 250 MW, marking another step in the…