Events, data and analysis from the Baltic economies
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Analysis · Finance & Investment
Capital for growth, pressure on margins Blackwall’s rise to unicorn status put Estonia’s technology sector in the spotlight. Across the region, businesses gained backing for industrial…
Analysis · Finance & Investment
The Latvian airline has received €140 million in emergency funding, but its Chapter 11 restructuring is opening a dispute over the value of aircraft collateral, creditors’…
Analysis · Finance & Investment
Baltic power prices diverge as Siemens backs Skeleton Estonia’s electricity discount to Latvia and Lithuania reached almost €34/MWh in September, while Siemens’ investment in Skeleton put…
Hungary’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…
PhotoLithuania remains the strongest macro story in the Baltic region, but the June update from Lietuvos bankas makes the picture less simple than it looked in spring. The economy is still expected to grow, wages are projected to…
PhotoLatvia’s officially recognised systemic banking core has narrowed
PhotoLatvia’s licensed non-bank lenders issued €1.003bn in new consumer loans in 2025, while their separate business-purpose lending portfolio exceeded €1.1bn by year-end.
PhotoOfficial materials describe LAU Infra Grupa as the first Latvian state-owned enterprise potentially to list shares on the stock exchange.
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…
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…
PhotoLatvia’s tax revenue continued to grow in the first quarter of 2026, but again fell short of the official plan. The result points less to an immediate fiscal shock than to a recurring gap between budget assumptions and…
Photo🇱🇻Who Controls Latvia’s Non-Bank Credit Market — and Why It Matters
Latvia’s 2025 investment record: what’s inside the €1.01bn headline
How Latvia’s State Audit Office Assesses the Fight Against the Shadow Economy
BaltCap exits Exercise Investment, transferring control to Aggressive Capital’s Longevity Fund