Events, data and analysis from the Baltic economies
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Nordecon group company Embach Ehitus has signed a €5.6 million contract with the Estonian University of Life Sciences for the reconstruction of part of its academic complex in Tartu. The contract covers the design and reconstruction of blocks…
Lithuania’s Competition Council has cleared Prosperus Retail Property Fund to acquire the companies controlling the Ozas shopping and entertainment centre in Vilnius. The transaction values Ozas at €200 million. Prosperus signed the acquisition agreement with NEPI Rockcastle in…
airBaltic says planned changes under its new business model could affect around 500–700 positions across its bases in Riga, Vilnius and Tallinn. The airline currently employs around 3,000 people in the Baltic states. The indicated range therefore corresponds…
Estonia led August growth, but Lithuania still leads the accumulated rise The August retail figures produce a simple Baltic ranking. Real retail sales volumes were 6% higher year on year in Estonia, 3.7% in Lithuania and 3.5% in…
Photo5 October 2026 · Estonia Estonian industrial group Viru Keemia Grupp has pushed the investment decision for its planned bioproducts complex in Lüganuse to the first quarter of 2028 as it continues to search for an investor and…
5 October 2026 · Baltic Latvian alcoholic-beverage producer Amber Latvijas balzams has moved production of its Rīgas šampanietis sparkling wine from Latvia to Lithuania as the company restructures operations amid falling sales and financial pressure. Latvijas Radio reported…
The 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…
PhotoThe European Commission has paid €135 million to Estonia under the EU Recovery and Resilience Facility after the country completed the milestones and targets linked to the payment request. The funding covers projects including the new Viljandi TERVIKUM…
Estonian real estate investment and development company Capital Mill has acquired three shopping centres in Riga, expanding its portfolio in the Latvian capital.The acquisition includes Dole and shopping centres at Stirnu iela 26 and Nīcgales iela 2. Together,…
Estonia has decided to prohibit the transit of grain originating from Russia and Belarus, closing the possibility of Estonian ports becoming an alternative export route.The national sanction covers grain classified under the CN 10 product group. It will…