Tag: Estonia
Estonia’s new sovereign bond is also a capital-market test
Estonia 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 Nasdaq CSD and list them on the Nasdaq Tallinn Stock Exchange.
Baltic electricity: Lithuania led April’s price drop — −28.94%
In April 2026, electricity prices continued to fall across the Baltic region. The average price in the Baltic bidding areas declined to 56.77 EUR/MWh, down 22.02% from March and 25.16% lower than in April 2025,
Diesel prices punched through the ceiling in March: Lithuania +42%, Latvia +35%
April inflation flashes show a common Baltic fuel signal: Lithuania reported diesel prices 42.4% higher year-on-year, Latvia 34.9% higher, while Estonia said diesel and petrol were the main drivers of its April price rise.
A- as a glass ceiling: why Latvia remains below its Baltic neighbours in Fitch’s rating
In late April, Latvia and Lithuania received almost simultaneous sovereign rating decisions from Fitch Ratings. Latvia was affirmed at A- with a stable outlook, while Lithuania was upgraded to A+.
How much do Baltic presidents earn?
Estonia’s Ministry of Finance has published 2025 public-sector salary data. According to figures reported by ERR, President Alar Karis and Supreme Court Chief Justice Villu Kõve were the highest-paid officials in Estonia’s public sector, each receiving gross pay of €115,118 in 2025.
Estonia leads Baltic retail growth with 7.0%, Latvia trails at 3.9%
Retail turnover increased across the Baltics in March 2026, but the recovery is not moving at the same speed. The regional picture shows three different consumption stories: Lithuania combined the highest inflation with solid real retail growth, Estonia’s headline growth was strongly supported by fuel sales, while Latvia remained the weakest in real retail expansion despite the lowest inflation in…
Northern Anchor: Estonia’s post-oil-shale energy choice will shape the region too
Estonia’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 the current island-mode support mechanism and add dispatchable capacity as ageing oil shale units are phased out.
Baltic Horizon changes fund manager amid prolonged valuation decline
Baltic 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 approached €60 million, while the unit price fell by nearly 90%.
Latvia posts the widest Baltic gender pay gap as Estonia hits a record low
The Baltic picture no longer moves in one direction. Estonia reported the strongest result in the region in 2025, with its gender pay gap falling to a record low.
Baltic states — Government finance (2025)
🇱🇻 Latvia Budget balance:– deficit: –2.5% of GDP– €1.09 bn Gross debt:– 46.9% of GDP– €20.2 bn Revenue / Expenditure:– revenue: €18.7 bn– expenditure: €19.8 bn 🇪🇪 Estonia Budget balance:– deficit: ~–3.0% of GDP Gross debt:– ~19–20% of GDP 🇱🇹 Lithuania Budget balance:– deficit: –1.8% of GDP– €1.54 bn Gross debt:– 39.5% of GDP– €33.26 bn Revenue / Expenditure:– revenue:…