Events, data and analysis from the Baltic economies
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Estonia’s Ministry of Economic Affairs and Communications has ordered the Estonian Business and Innovation Agency (EIS) to repay €1.33 million in EU funding associated with a 2023 procurement involving the…
US financial technology group DriveWealth has secured authorisation from the Bank of Lithuania to provide crypto-asset services through its Lithuanian subsidiary, DriveWealth Europe. The authorisation, announced on 10 November under…
Self-service laundromats are making a comeback in Tallinn, offering a service that had largely disappeared as household washing machines became commonplace. Convenience rather than necessity appears to be an important…
Estonia stands well ahead of Latvia and Lithuania in paid online news subscriptions, according to Eurostat data for 2025. Some 13.9% of Estonian internet users had paid subscriptions to online…
Tele2 has invested €3.7 million in modernising a central node of its mobile network in Latvia, according to a company announcement published on 6 November. The upgrade is designed to…
Source: Tele2Latvia’s Investment and Development Agency (LIAA) will accept applications from 25 November 2026 to 11 January 2027 for the fifth round of its support programme for foreign film productions and…
Source: Latvian Investment and Development Agency (LIAA)Lithuania’s Seimas adopted a national law on 5 November to implement the EU Artificial Intelligence Act, setting out how national institutions will supervise and coordinate the rules. The Ministry of…
Source: Ministry of the Economy and Innovation of the Republic of LithuaniaArtificial intelligence is gaining ground among Latvian businesses, but adoption remains heavily concentrated in larger companies. According to a survey conducted by Latvia’s Central Statistical Bureau in early 2026, 18.5%…
Source: Central Statistical Bureau of LatviaThe European Commission has issued a positive preliminary assessment of Latvia’s fifth and final payment request under the Recovery and Resilience Facility, covering approximately €504 million in EU funding. The…
Source: European CommissionEstonian energy group Eesti Energia began preliminary consultations on collective redundancies on 5 November. Its initial plan includes 390 positions across Enefit Industry, Enefit Power and Eesti Energia AS; the…
Source: Eesti Energia ASEstonia’s Business and Innovation Agency (EIS) has suspended new registrations for mandatory preliminary consultations under its €3 million business development grant programme, citing demand that substantially exceeds the available budget.…
Amazon’s satellite internet service, Amazon Leo, plans to begin operations in Latvia and Lithuania in April 2027, followed by Estonia in July, according to the company’s Baltic representative Donatas Zaveckas.…
Lithuania’s economy expanded by 3% in the first nine months of 2026, although strong growth in the first half was followed by a contraction in the third quarter, according to…
The municipal council of Valka in northern Latvia voted unanimously on 29 October to begin a financial stabilisation process, acknowledging that it could no longer resolve its financial difficulties without…
Latvia expects budget expenditure on projects supported by EU funds and the Recovery and Resilience Facility to reach approximately €1.4 billion in 2026, according to the Ministry of Finance. The…
Chinese diplomats are expected to visit Lithuania on 11–12 November for discussions on restoring diplomatic representation, according to Lithuanian MP Ignas Vėgėlė. The delegation is expected…
The Baltics entered October with two economic stories running in parallel. Private and EU-backed investment continues to add industrial and energy capacity, while governments face a…
Lithuania has already locked in a broad package of additional taxes. Estonia enters 2027 after two years of higher taxes, selected benefit restrictions and higher user…
