Business sentiment in Latvia was positive in the retail and services sectors, but negative in manufacturing and construction in May 2026, according to the Central Statistical Bureau (CSP), LSM reports. The retail confidence indicator stood at 3.1%, which was up 1.5 percentage points from April 2026. In services, the seasonally adjusted confidence indicator was 1.6%,…
Estonia’s exports of services totalled nearly EUR 3.3bn in the first quarter of 2026, which was up 4% from the same period of 2025, according to data from Statistics Estonia and the Bank of Estonia. Imports of services totalled around EUR 2.5bn, which was unchanged over a year. Estonia’s trade balance in services showed a…
The European Bank for Reconstruction and Development (EBRD) has lowered its GDP growth forecasts for all three Baltic States in both 2026 and 2027, LETA reports. The bank now projects that Estonia’s GDP will grow by 2.1% in 2026 and 2.3% in 2027. In February 2026, the bank’s GDP growth forecast for Estonia was 2.2%…
The number of Lithuanian emigrants returning home exceeded the number of those who left the country for the sixth consecutive year in 2025, according to data from the State Data Agency (VDA), BNS reported. Altogether 19,310 Lithuanian citizens returned to the country, while 9,940 citizens moved away from Lithuania in 2025. The majority of those…
The Latvian government needs to make a decision on the future of the country’s national airline, airBaltic, in summer 2026, Prime Minister Andris Kulbergs stated, LETA reports. Speaking in an interview with TV3, Kulbergs said that airBaltic remained a strategic state asset, but stressed that taxpayer money could no longer be the sole support for…
Two thirds of Estonian voters disapprove of the government’s performance, according to a new Norstat poll in May 2026, ERR reports. In the survey, 67% of respondents said that the government was performing poorly, while 27% found that the government was doing its job well. The government’s approval rating was unchanged from April 2026. Support…
Estonia ensures much better protection for LGBT rights than Latvia and Lithuania, according to human rights group ILGA-Europe’s Rainbow Map, which ranks countries based on their legal and policy protection for LGBT people, LSM reports. Estonia ranked 21st on the index with a score of 46.37% on a scale of 0-100% in 2026, which was…
US President Donald Trump has nominated Keith Noreika to serve as the new US ambassador to Lithuania, LRT reports. If confirmed by the US Senate, Noreika will replace career diplomat Kara McDonald, who has served as ambassador since 2024. Noreika is a corporate lawyer specialising in financial regulation. He has served as executive deputy president…
Latvia’s State Revenue Service (VID) has awarded the country’s largest corporate taxpayers in 2025, Baltic News reports. The largest taxpayer in the Riga region was global technology consulting company Accenture’s Latvian branch. Latvian industrial holding UPB was the largest taxpayer in Kurzeme, while optical fiber manufacturer Light Guide Optics International (Lightguide) was the largest taxpayer…