Tag: Latvia
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.
AirBaltic case shows where state-backed comfort meets balance-sheet pressure
A Bloomberg report that a group of airBaltic bondholders has hired legal advisers adds a creditor-risk layer to Latvia’s aviation debate. The issue is not only fuel prices.
Latvia’s tourism export hits €1.39bn, but visitors lag 2019
Latvia’s tourism export reached €1.39bn in 2025, up 9.9% from 2024 and 53.6% above the pre-pandemic level of 2019. The figure is based on the balance-of-payments item “travel”, which measures foreign travellers’ spending in Latvia, excluding international transport costs.
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…
Latvia’s bread market has already lost one third since 2010
Latvia’s bread producers say the domestic market is slowly shrinking as demographics, changing food habits, retail bake-off formats and rising costs reshape one of the country’s most traditional food sectors. Latvia’s bread market is becoming smaller, but not simpler.
Delfi Latvia 2025: strong profit, lower turnover and a more complex media signal
Latvia’s AS Delfi, the company behind one of the country’s largest digital media platforms, has published its 2025 results. At first glance, the figures look strong: profit rose sharply, and digital subscriptions exceeded 40,000 by year-end.
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:…
Latvia: State Real Estate in Numbers
Latvia’s state-managed real estate portfolio totals just over 1 million m², according to data from the state asset manager. State-owned company Valsts nekustamie īpašumi (VNĪ), which manages part of Latvia’s public real estate, reports: Core portfolio: 694.5k m² (vacancy 1.6%) Active portfolio: 111.4k m² Disposal portfolio: 205.2k m² Total managed area: ~1.01 million m² In Vecrīga, VNĪ manages 113.5k m²…
Baltic population at the start of 2026: Latvia lost most, Lithuania least
All three Baltic states started 2026 with smaller populations than a year earlier. Latvia saw the steepest drop, Lithuania the mildest, while Estonia stood in between but with a sharper structural shift: after more than a decade, net migration turned negative again.
Baltic Ports Divergence: Temporary Freeze or Structural Rebalancing?
Q1 2026 revealed a clear divergence across Baltic ports. Latvia recorded broad-based contraction, Klaipėda posted strong growth, while Tallinn showed a winter-affected but structurally more stable pattern.