Events, data and analysis from the Baltic economies
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Latvian defence technology company ORIGIN and US-based Anduril have demonstrated an integrated counter-drone system to senior Latvian military officials, just over a month after signing a cooperation agreement. The demonstration, held at a military training ground in Latvia…
Estonia’s Tartu County Court has terminated the restructuring proceedings of road freight operator Rain Transport AS, reversing a recovery process that had received court approval only a few months earlier. According to official notices published on 5 November,…
Lithuanian energy group Ignitis has announced the start of commercial operations at its 173.6 MW Tume solar farm in Latvia’s Tukums municipality, marking the completion of a major stage in one of the Baltic region’s largest solar projects.…
Lithuania’s Šiauliai Regional Court has found Grigeo Klaipėda, a subsidiary of the listed Grigeo Group, guilty in a long-running environmental pollution case involving the Curonian Lagoon. In its ruling on 6 November, the court imposed a €2 million…
Lithuanian border authorities turned back 27.1 tonnes of blueberries and chanterelle mushrooms from Belarus after detecting radioactive caesium-137. On 3 November, a shipment of 20 tonnes of blueberries was refused entry at the Šalčininkai border crossing. On 31…
PhotoLatvia’s Investment and Development Agency (LIAA) will accept applications from 25 November 2026 to 11 January 2027 for the fifth round of its support programme for foreign film productions and major events. The 2027 round has €4,243,642 available.…
Lithuania’s Seimas adopted a national law on 5 November to implement the EU Artificial Intelligence Act, setting out how national institutions will supervise and coordinate the rules. The Ministry of the Economy and Innovation will coordinate implementation. The…
Estonian energy group Eesti Energia began preliminary consultations on collective redundancies on 5 November. Its initial plan includes 390 positions across Enefit Industry, Enefit Power and Eesti Energia AS; the final number will be determined after consultations with…
The European Commission has issued a positive preliminary assessment of Latvia’s fifth and final payment request under the Recovery and Resilience Facility, covering approximately €504 million in EU funding. The assessment, announced on 3 November, found that Latvia…
Latvia-based Citadele reported a 12% year-on-year increase in its loan portfolio to €4.12 billion at the end of September 2026, while its nine-month profit remained broadly unchanged. Net profit from continuing Baltic operations reached €63.4 million in January–September,…
Lithuania’s government has approved a proposal to retain Lietuvos paštas as the country’s universal postal service provider for another nine years, from January 2027 until the end of 2035. The new arrangements will also expand the role of…
Lithuania’s government has approved draft legislation to establish a free economic zone in Visaginas, opening the way for new industrial investment near the former Ignalina nuclear power plant. The proposed zone would cover more than 223 hectares, including…
Latvia’s largest water utility, Rīgas ūdens, has raised €40 million through a second European Green Bond (EuGB) issuance, completing its €60 million bond programme launched in 2025. The five-year bonds carry a fixed annual coupon of 4.839%. The…
Loans to Latvian residents reached €17.38 billion at the end of September 2026, up 12.9% year on year, according to Latvijas Banka. Resident deposits increased to €22.20 billion from €20.18 billion a year earlier. Monetary financial institutions reported…
Tallinn Airport forecasts that its flight capacity during the 2026–2027 winter season will be approximately 9% lower than last winter, reflecting airline network adjustments and rising fuel prices. The forecast follows a record October, when passenger traffic rose…
Estonian wood-based panel producer Nordic Fibreboard has secured shareholder approval for a new share issue that could raise up to €2.5 million. At an extraordinary general meeting on 3 November, shareholders approved a conditional capital increase allowing the…
Latvian investment company ALPPES Capital has launched a public bond offering worth €15 million, with the option to increase the issue to €20 million. The offering is open to investors in Latvia, Lithuania and Estonia from 3 to…
Lithuania is preparing a new system of infrastructure charges at Klaipėda Port, with changes scheduled to take effect on 1 January 2027. The Lithuanian Transport Safety Administration (LTSA) has proposed replacing the port’s six existing fee components with…
Swedish healthcare group Asker has acquired Estonian medical equipment supplier Teresa OÜ, expanding its network of healthcare product businesses in the Baltic region. Teresa specialises in mobility aids, rehabilitation equipment and personal care products. It sells and rents…
Latvian airline airBaltic will end direct flights between Vilnius and Düsseldorf on 23 November, triggering a dispute with Lithuanian Airports over a partnership agreement supporting the route. The airline said the service, launched in 2024, had failed to…