Events, data and analysis from the Baltic economies
Country coverage
Events, figures and analysis from Estonia.
Estonia’s Ministry of Defence has selected 18 projects involving Estonian defence companies and research organisations for €3 million in national co-financing under the 2026 European Defence Fund (EDF) call. The…
Estonia’s Business and Innovation Agency (EIS) has announced €500,000 in national funding for Estonian companies participating in a new European Partnership for Personalised Medicine (EP PerMed) call. The programme supports…
Estonia may have to cover a larger share of Rail Baltica construction costs under a proposed change to EU co-financing rules, Prime Minister Kristen Michal has said. The European Commission…
Six Estonian energy companies have raised objections to changes in transmission grid tariffs scheduled to take effect on 1 January 2027, warning that higher capacity-based charges could discourage investment in…
Estonian property developer Liven has started construction of 179 homes in the next phases of its Regati and Iseära residential projects near Tallinn. The company has signed general construction contracts…
Lithuanian energy group Ignitis is exploring the construction of a gas-fired power plant with a capacity of up to 200 MW near Tartu, Estonia. Its subsidiary, Ignitis Renewables DevCo1 OÜ,…
Source: IgnitisEstonia’s construction price index increased by 3.8% year on year in the third quarter of 2026, according to Statistics Estonia. Compared with the previous quarter, construction costs rose by 1.0%.…
Estonia is moving ahead with plans for a major film production complex in Tallinn. Tallinnfilm Studios has launched an international tender for the design and construction of a new studio…
Estonian meat producer Nõo Lihatööstus has commissioned a new cold storage facility under a €4.7 million construction contract awarded to Embach Ehitus, a subsidiary of the listed construction group Nordecon.…
Canadian industrial materials group Neo Performance Materials has been selected for up to €126 million in EU Innovation Fund support for a major expansion of its rare earth processing and…
German maritime technology company Gabler Group AG has acquired a 75% stake in Tallinn-based DECK Marine Systems OÜ. The transaction was completed on 16 October, with the purchase price remaining…
The European Commission has given preliminary approval for nearly €32 million in funding to strengthen Estonia’s eastern border surveillance infrastructure, supporting a project scheduled for completion by the end of…
Estonian construction company Revin Grupp has secured a €9.94 million contract, including VAT, to build a new kindergarten in Narva’s Kreenholm district. According to ERR’s report on 14 October, construction…
Neo Performance Materials is preparing to change the raw material supply arrangements at its Silmet rare earths facility in Sillamäe, Estonia, as the company advances plans to modernise its European…
Telia 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…
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…
PhotoEstonia plans to complete the Tallinn–Pärnu section of Rail Baltica by 2032, followed by Soodevahe–Muuga in 2033 and Pärnu–Ikla in 2034, according to the timetable presented by Prime Minister Kristen Michal. The slower construction schedule is also a…
Estonia is growing again. SEB expects GDP to expand by 2.5% in 2026, 2.7% in 2027 and 2.8% in 2028 — respectable rates for an economy operating in much less favourable conditions than during the rapid convergence years.…
PhotoEstonia received €256.5 million from EU ETS carbon allowance auctions in 2025
PhotoHungary’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 central bank expects the economy to expand by 2.4% in 2026, supported mainly by stronger spending from households and the general government.
PhotoElon Musk’s xAI, the company behind the Grok chatbot, has left an unexpected European trace in Estonia. According to Follow the Money and Eesti Ekspress, xAI added an Estonian address to Grok’s terms of service in mid-February: Parda…
PhotoGerman drone manufacturer Quantum Systems has notified Estonia’s Competition Authority of its plan to acquire SensusQ, an Estonian defence-tech company focused on AI-enabled intelligence and battlefield data systems.
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…
PhotoEstonia’s state-owned transmission system operator Elering has presented a plan for a network of gas-fired power plants with a total capacity of up to around 900 MW. The plants are intended to strengthen Estonia’s electricity-system restart capability, replace…
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…
PhotoSOK has agreed to sell Prisma Peremarket (13 stores, ~700 employees) to Coop Estonia, with the deal expected to close in 2026 subject to regulatory approval, marking the exit of S Group from direct retail operations in Estonia.…
Photo