Events, data and analysis from the Baltic economies
Continuous coverage
What happened across the Baltic economies, in editorial order and with the underlying event date made explicit.
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…
Latvia is tightening controls on grain shipments from Russia and Belarus just as the Baltic route is becoming increasingly important for Russian exports. The Saeima has introduced border controls allowing…
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…
Latvia has declared a nationwide agricultural emergency after prolonged rainfall disrupted harvesting and autumn field work. The immediate problem is not only the crop still remaining in fields. Wet soils…
Foreign 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…
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…
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…
Latvian defence technology company ORIGIN and US-based Anduril have signed a memorandum to explore integrating ORIGIN’s BLAZE autonomous interceptor drone with Anduril’s Lattice command-and-control platform. The companies plan to conduct…
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…
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…
Estonian renewable-energy developer Sunly has opened a 54 MW solar park near Matīši in northern Latvia, the first operating part of a larger hybrid energy project combining solar, wind generation…
Lithuania’s government has approved legislative amendments aimed at expanding the role of alternative investment funds in financing companies and long-term projects, as Vilnius seeks to reduce the economy’s dependence on…
The Port of Klaipėda has launched the main construction tender for its southern expansion, moving Lithuania’s largest port development project towards creation of 100 hectares of new territory and 1.3…
Fitch Ratings has downgraded airBaltic’s Long-Term Issuer Default Rating to D, following the Latvian airline’s decision to enter Chapter 11 financial reorganisation in the United States. In Fitch’s methodology, a…
Estonia, Latvia and Lithuania have effectively moved the common operational horizon for Rail Baltica from 2030 to 2034, while narrowing the first-stage priority to a continuous Tallinn–Kaunas–Poland backbone. On 22…
