Events, data and analysis from the Baltic economies
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Events, figures and analysis from Estonia.
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.…
Read →Estonia 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.…
PhotoEstonia considers €300M ammunition plant in Ida-Viru
🇪🇪 Estonia in 2025
🇪🇪 Estonia: Dwelling Price Index edged down in Q3