Events, data and analysis from the Baltic economies
Editorial archive
Estonian 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…
PhotoTelia Company plans to cut around 210 positions in Estonia and Lithuania as part of a new restructuring programme affecting approximately 900 jobs across the group. Around 100 positions are expected to be affected in Estonia, where Telia…
The European Commission has selected Silmet 2.0, an investment and development project at Estonia’s NPM Silmet plant, among 46 new strategic projects under the EU Critical Raw Materials Act. The project aims to adapt the plant’s infrastructure and…
Estonia’s goods imports increased by 10% year on year in August 2026, while exports grew by just 3%, according to Statistics Estonia. Imports reached €1.84 billion and exports €1.48 billion, leaving a trade deficit of €360 million. Higher…
Estonian autonomous vehicle developer Auve Tech and aircraft maintenance company Magnetic MRO have moved their shuttle service at Tallinn Airport to operations without a safety operator inside the vehicle. The companies demonstrated the new operating mode on 7…
International IT company ELEKS has acquired a controlling stake in Tallinn-based software developer ADM Interactive. Financial terms of the transaction were not disclosed. ADM’s existing shareholders and management will remain involved in the company, while ELEKS says it…
BLRT Grupp has opened a new €14 million industrial foundry in Kohila, around 35 kilometres south of Tallinn, expanding the group’s ability to produce larger and heavier cast components for Nordic industrial customers. The factory was built by…
Estonia’s government has approved its 2027 state budget and the 2027–2030 budget strategy, with expenditure of €20.2 billion and revenue of €19.4 billion. The general government deficit is projected at 4% of GDP. The gap matters beyond the…
Estonia exported 74,648 tonnes of domestically caught fish and Estonian-origin fish products in 2025, with frozen Baltic herring and sprat forming the core of the trade. Frozen fish alone accounted for 45,958 tonnes. Baltic herring made up 53.2%…
Estonian transmission system operator Elering is preparing the electricity grid to connect around 1,500 MW of new generation capacity, while reinforcing connections around the country’s largest centres of electricity demand. The change is driven less by a large…
Beekeepers in both Latvia and Estonia are reporting a good honey season in 2026 after a much weaker harvest last year. In Latvia, the Beekeepers’ Association describes this year as successful and estimates that the country is capable…