Events, data and analysis from the Baltic economies
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Lithuania 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.…
PhotoThe City of Tallinn has sold its entire stake in Estonia’s Coop Pank, completing its exit from the listed bank.The city sold 2,845,973 shares, representing around 3% of Coop Pank’s share capital, at €2.22 per share. The transaction…
Estonian state-owned energy group Eesti Energia has expanded its generation footprint in Lithuania with the official opening of the Kelmė I and Kelmė II wind farms. The two projects have a combined capacity of 167 MW and required…
Lithuania and the European Commission have formally signed the country’s €884.2 million Social Climate Plan, moving the programme towards implementation. The plan combines €662.9 million from the EU Social Climate Fund with about €221.4 million in Lithuanian funding…
All three Baltic economies are expected to grow next year, yet their governments face increasingly difficult budget calculations. Lithuania is preparing for a larger deficit despite rising tax revenue, Latvia faces substantial financing constraints, and Estonia has already…
PhotoForeign 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…
This 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.
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…