Events, data and analysis from the Baltic economies
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Events, figures and analysis from Estonia.
Up to nine passengers were injured after a delivery robot crossed a Tallinn street against a red light. Similar incidents in Finland and the US raise a question that is becoming harder to ignore: who is responsible when…
Read →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…
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,…
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…
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…
Nordecon group company Embach Ehitus has signed a €5.6 million contract with the Estonian University of Life Sciences for the reconstruction of part of its academic complex in Tartu. The…
5 October 2026 · Estonia Estonian industrial group Viru Keemia Grupp has pushed the investment decision for its planned bioproducts complex in Lüganuse to the first quarter of 2028 as…
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…
The European Commission has paid €135 million to Estonia under the EU Recovery and Resilience Facility after the country completed the milestones and targets linked to the payment request. The…
Estonia has decided to prohibit the transit of grain originating from Russia and Belarus, closing the possibility of Estonian ports becoming an alternative export route.The national sanction covers grain classified…
Estonian industrial group Viru Keemia Grupp has opened its new €75 million Uus-Kiviõli oil shale mine, securing a new raw-material base for its shale oil production.VKG expects the mine to…
The City of Tallinn has sold its entire stake in Estonia’s Coop Pank, completing its exit from the listed bank.The city sold 2,845,973 shares, representing around 3% of Coop Pank’s…
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…
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…
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…
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.…
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.…
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