Events, data and analysis from the Baltic economies
Editorial archive
Hungary’s OTP Group has agreed to acquire Luminor, the third-largest bank in Estonia and one of the few banking groups operating across all three Baltic states. The transaction has been estimated at approximately €1.8 billion, although the final…
PhotoThe Baltic economies are expected to keep growing in 2026, but the regional baseline is no longer a straightforward rebound story. The regional context is not neutral. Latvia, Lithuania and Estonia are small open EU economies, but they…
PhotoLithuania remains the strongest macro story in the Baltic region, but the June update from Lietuvos bankas makes the picture less simple than it looked in spring. The economy is still expected to grow, wages are projected to…
PhotoLatvia’s officially recognised systemic banking core has narrowed
PhotoLatvia’s licensed non-bank lenders issued €1.003bn in new consumer loans in 2025, while their separate business-purpose lending portfolio exceeded €1.1bn by year-end.
PhotoBaltic Focus analysisEditor: Galina Molochkova Riga has just hosted a dense run of investor-facing events built around stability, innovation, competitiveness and aftercare. But Latvia’s domestic administrative signal raises a practical question: what kind of state will foreign investors…
PhotoOfficial materials describe LAU Infra Grupa as the first Latvian state-owned enterprise potentially to list shares on the stock exchange.
PhotoOver the past month, all three Baltic sovereigns have returned to international debt markets with benchmark-size euro issues
PhotoEstonia is preparing a new international government bond issue, but the most important signal is not only the borrowing itself. For the first time, the country plans to issue international government bonds under Estonian law, register them with…
PhotoBaltic Horizon is replacing its long-time manager Tarmo Karotam, who will step down at the end of April after around two decades with the platform. The change follows a prolonged downturn: over the past three years, cumulative losses…
PhotoLatvia’s tax revenue continued to grow in the first quarter of 2026, but again fell short of the official plan. The result points less to an immediate fiscal shock than to a recurring gap between budget assumptions and…
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